The Government of Canada is providing $425,000 in financial assistance to Équipement NAD and Les Ateliers B.G.
SHERBROOKE, QC, Dec. 17, 2018 /CNW Telbec/ - Canada Economic Development for Quebec Regions (CED)
Équipement NAD Inc. and Les Ateliers B.G. are two innovative and growing SMEs located in the Eastern Townships. To maintain their momentum and continue growing, they will receive repayable contributions totalling $425,000 from Canada Economic Development for Quebec Regions.
With $150,000 in financial support, Équipement NAD (NAD Klima), a manufacturer of new air diffuser technologies, will be able to purchase equipment and software as well as make leasehold improvements that will double its production space. This initiative will boost sales and competitiveness and generate seven new jobs by 2019.
For its part, Les Ateliers B.G., a company specializing in precision machining, welding, painting and assembly for the industrial market, will receive $275,000 in financial assistance to equip itself with robotic welding and handling equipment. This project will enable the company to improve its performance, improve its productivity, increase its production capacity and eventually create 10 jobs.
The funding was announced today by the Honourable Marie-Claude Bibeau, Member of Parliament for Compton—Stanstead and Minister of International Development. The financial assistance, allocated by the Government of Canada under CED's Quebec Economic Development Program, will enable the recipient companies to achieve the objectives that they have set for themselves. By carrying out their respective projects, they will generate total investments of over $1.1 million and create 17 new jobs in Sherbrooke.
The Government of Canada is committed to establishing close partnerships with Quebec businesses to support their efforts to innovate and increase their productivity and competitiveness, while contributing to the economic vitality of the regions, job creation and a better quality of life for citizens.
"Our government's action will contribute to job creation and economic growth in our region. The funding announced today for these two Sherbrooke SMEs reflects our commitment to support businesses that help grow the economy and foster prosperity in all regions of Quebec."
Marie-Claude Bibeau, Member of Parliament for Compton—Stanstead and Minister of International Development
"Digital technologies are changing the way things are done around the world and providing businesses with tremendous opportunities for development and growth. That is why the Government of Canada is supporting businesses that want to invest in equipment that will make them more productive and profitable."
The Honourable Navdeep Bains, Minister responsible for CED
"Our strategic plan is ambitious and increasing our production capacity requires the acquisition of robotic equipment. Thanks to CED's support, this project will lead Les Ateliers B.G. increasingly towards technology 4.0 and will definitely help us achieve our objectives."
Jacques Bélanger, Executive Director, Les Ateliers B.G.
"To grow takes passion, determination and vision – but also the means to achieve that vision. We are pleased to be able to count on CED for assistance, which gives us a valuable helping hand in completing our projects."
Daniel Lauzon, President, Équipement NAD
- Today's announcement is made on behalf of the Honourable Navdeep Bains, Minister responsible for the Innovation, Science and Economic Development portfolio, which includes 17 federal departments and agencies, including CED and the five other regional development agencies.
- To find out more about CED and its priorities, see the 2018-2019 Departmental Plan or visit www.dec-ced.gc.ca.
- For 50 years now, the Government of Canada has been actively involved in regional economic development in Quebec: half a century of concrete action dedicated to the development of the regions and local businesses.
SOURCE Canada Economic Development for Quebec Regions
For further information: Media Relations, Canada Economic Development for Quebec Regions, Tel: 514-283-7443, Email: [email protected]