The Government of Canada is providing more than $1.3 million in funding to LVL Global Inc., Université du Québec en Abitibi-Témiscamingue and Barbe Broue Pub
VILLE-MARIE, QC, May 23, 2019 /CNW Telbec/ - Canada Economic Development for Quebec Regions (CED)
LVL Global Inc., Barbe Broue Pub and the Université du Québec en Abitibi-Témiscamingue (UQAT) will be able to carry out their projects with a total of $1,337,000 in funding from Canada Economic Development for Quebec Regions.
With a repayable contribution of $1 million, LVL Global will be able to grow by optimizing its production capacity by acquiring automated equipment. Barbe Broue Pub will benefit from a non-repayable contribution of $100,000 to acquire new brewing and computer equipment and enhance its marketing and production activities. With a non-repayable contribution of $237,500, UQAT, through its Agriculture Research Station, will conduct applied research projects in deriving value from agri-food processing by-products in order to improve the competitiveness and environmental performance of enterprises in this sector.
Stéphane Lauzon, Member of Parliament for Argenteuil–La Petite-Nation and Parliamentary Secretary to the Minister of Veterans Affairs and Associate Minister of National Defence announced the funding today. The funds from the Government of Canada will generate total investments of nearly $5 million and create five jobs in the region.
The Government of Canada is committed to establishing close partnerships with Quebec companies and the organizations that support them in order to stimulate innovation, promote productivity and competitiveness, while contributing to the regions' economic vitality, job creation and a better quality of life for citizens.
"By supporting LVL Global, the Université du Québec en Abitibi-Témiscamingue and Barbe Broue Pub, the Government of Canada is reaffirming its commitment to support regional development through investments that stimulate expansion, innovation and the development of new markets. I am pleased with this contribution to projects that will be successful for the businesses, organizations and communities in the Témiscamingue RCM where the projects will be held."
Stéphane Lauzon, Member of Parliament for Argenteuil–La Petite-Nation and Parliamentary Secretary to the Minister of Veterans Affairs and Associate Minister of National Defence
"Investing in improved productivity, improved process development and marketing activities reflects the Government of Canada's commitment to supporting applied research and the willingness and ability of our businesses to expand. The funding announced today is intended to provide tangible support for the development of our industries and the growth of our economy."
The Honourable Navdeep Bains, Minister responsible for CED
Today's announcement is made on behalf of the Honourable Navdeep Bains, Minister responsible for the Innovation, Science and Economic Development, which comprises 17 federal departments and agencies, including CED and the other five regional development agencies.
The funding awarded to LVL Global Inc. and UQAT was granted under CED's Quebec Economic Development Program.
The contribution to Barbe Broue Pub comes from the Women Entrepreneurship Fund of the Women Entrepreneurship Strategy (WES). With a budget of nearly $2 billion, this strategy will make it easier for women to access sources of funding, talent, networks and expertise they need. The WES will help the government reach its goal of doubling the number of majority women-owned businesses by 2025.
For more details about the projects, see the attached backgrounder.
Contribution – Investments – Project Description
Repayable contribution of $1 million out of a total investment of $4 million
Founded in 2009, LVL Global manufactures laminated wood veneer components from aspen or a mix of aspen and birch. It exports part of its production and employs about 100 people, nearly half of them women, at its Ville-Marie plant.
The project aims to support the company's growth by optimizing its production capacity through the implementation of a state-of-the-art automated manufacturing process. CED's contribution will fund the acquisition of a rotary veneer system incorporating a laser scanner.
Non-repayable contribution of $237,500 out of a total investment of $780,727
The Université du Québec en Abitibi-Témiscamingue (UQAT), a member of the Université du Québec network, was created in 1983 to serve this territory and the Nord-du-Québec. In addition to its primary mission, it contributes to the advancement and transfer of knowledge by participating in development projects in its community. It has a number of research entities, including the Abitibi-Témiscamingue Agriculture Research Station in Notre-Dame-du-Nord, where the activities will take place.
The project aims to support innovation and technology transfer in the agri-food sector, particularly through deriving value from agri-food processing by-products in order to improve the competitiveness and environmental performance of enterprises in this sector. CED's contribution will fund the acquisition of laboratory equipment, including an infrared analyzer, an inductively coupled plasma spectrometer and an organic elemental analyzer.
The project will create one job.
Barbe Broue Pub
Non-repayable contribution of $100,000 out of a total investment of $125,000
Farm, pub and microbrewery, the company, whose majority shareholder is a woman, was founded in 2008 and is located in Nédélec. The microbrewery manufactures and markets original craft-type beers, finely brewed from local, Quebec and Canadian ingredients.
The project includes the acquisition of brewing equipment and software, the development of a website and the establishment of a retail space, training activities and consulting services.
The project will create four jobs.
Number of projects: 3
Number of jobs created: 5
CED's contributions: $1,337,000
Total investments generated by these projects: $4,905,727
SOURCE Canada Economic Development for Quebec Regions
For further information: Media Relations, Canada Economic Development for Quebec Régions, Phone: 514-283-7443, Email: email@example.com