The Government of Canada awards $230,000 in financial assistance to this business in Amqui, in the Bas-Saint-Laurent
AMQUI, QC, July 26, 2019 /CNW Telbec/ - Canada Economic Development for Quebec Regions (CED)
Usinage R./G. specializes in manufacturing metal parts and repairing industrial machinery. To ensure its growth and to improve its productivity, it will receive a repayable contribution of $230,000 from Canada Economic Development for Quebec Regions. With this financial assistance, the company will be able to grow its Amqui plant and acquire computer equipment.
This funding was announced today by Rémi Massé, Member of Parliament for Avignon–La Mitis–Matane–Matapédia and Parliamentary Secretary to the Minister of Innovation, Science and Economic Development. The Government of Canada's assistance will help the company increase its production capacity and diversify its markets.
Founded in 1984, Usinage R./G. reinforces multi-function heads for forestry equipment. It also manufactures and repairs equipment and metal parts. Its clients include major contractors in the forestry sector in the Bas-Saint-Laurent.
The Government of Canada is committed to supporting innovative Canadian companies. A driving force of the economy, innovation is the key to success because it generates growth that benefits both businesses and communities. That is why it is committed to ensuring that businesses are able to rely on adequate resources to create and market innovative products.
"I am pleased with CED's support for this project in Matapédia, which will help Usinage R./G. double its capacity to reinforce multi-function heads. By helping businesses grow and invest in equipment and devices that will improve their performance, the Government of Canada is standing by its commitments to drive expansion and innovation."
Rémi Massé, Member of Parliament for Avignon–La Mitis–Matane–Matapédia and Parliamentary Secretary to the Minister of Innovation, Science and Economic Development
"Our government is laying the foundation for Canadian businesses to become more competitive and succeed in the global economy. Today's investment in Usinage R./G. is in line with Canada's competitive advantages by improving the business's productivity to boost economic growth and create two jobs for middle-class Canadians."
The Honourable Navdeep Bains, Minister responsible for CED
"I am thrilled with CED's contribution to our expansion project! We are fortunate to be able to count on this assistance, without which our expansion would be difficult to imagine. The trust that has been placed in Usinage R./G. fills us with pride, and we are more than happy to contribute to our region's economy."
Gervais Lauzier, President of Usinage R./G.
- Today's announcement was made on behalf of the Honourable Navdeep Bains, Minister responsible for the Innovation, Science and Economic Development portfolio, which is made up of 17 federal departments and agencies, including CED and five other regional development agencies.
- The funding was awarded under CED's Regional Economic Growth through Innovation (REGI) program. This program targets entrepreneurs who leverage innovation to grow their businesses and make them more competitive, and regional economic stakeholders who help create an entrepreneurial environment conducive to innovation and inclusive growth in all regions.
- To find out more about CED and its priorities, see the 2019-2020 Departmental Plan or visit www.dec-ced.gc.ca.
SOURCE Canada Economic Development for Quebec Regions
For further information: Media Relations, Canada Economic Development for Quebec Regions, Phone: 514 283-7443, Email: email@example.com