Four Mauricie businesses to carry out expansion or start-up projects

From: Canada Economic Development for Quebec Regions

News Release

Government of Canada awards nearly $3 million in financial assistance to Xylo-Carbone, ADF Diesel, Acier Rayco and Microbrasserie À la fût

January 19, 2018 – Saint-Tite, Quebec – Canada Economic Development for Quebec Regions (CED)

Businesses need to be able to rely on adequate resources to create and commercialize innovative products. In 2017, the Government of Canada adopted an ambitious plan to support innovative Canadian businesses. As a true economic driver, innovation is the key to Canada’s success because it generates growth that benefits businesses and communities.

Two well-established businesses and a cooperative, as well as a start-up enterprise, can improve or develop their production capacity and expand thanks to financial contributions supporting projects that will generate total investments of more than $16 million in the region. These investments will create some 50 jobs.

The repayable contributions of $2,856,500 were announced today by the Honourable François-Philippe Champagne, Member of Parliament for Saint-Maurice–Champlain and Minister of International Trade, acting on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for CED.

Xylo-Carbone is receiving a $1,200,000 contribution for the acquisition of production equipment, while ADF Diesel, À la fût, coop de travail brassicole and Acier Rayco have been granted contributions totalling $1,656,500 to acquire leading-edge equipment and expand their production plants.

The funding awarded by the Government of Canada through CED’s Quebec Economic Development Program (QEDP) will help the businesses reach their growth objectives.

Quotes

“With this support from the Government of Canada, four Mauricie enterprises will continue to promote regional expertise in Canada and abroad. These are high-performance, forward-looking businesses that contribute to the economic growth of our region and Canada and create jobs for the middle class.”

The Honourable François-Philippe Champagne, Member of Parliament for Saint-Maurice–Champlain and Minister of International Trade

“As Minister of Innovation, Science and Economic Development, my goal is to help businesses grow and innovate so that they can become more competitive and create good-quality jobs and wealth for Canadians. That is why we are supporting these four enterprises, whose successes benefit the region and the Canadian economy overall.” 

The Honourable Navdeep Bains, Minister responsible for CE

Quick Facts

  • CED is one of the six regional development agencies under the responsibility of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development.

  • For more information on CED’s key directions until 2021, consult Strategic Plan 2021 or visit www.dec-ced.gc.ca.

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Contacts

Media Relations
Canada Economic Development for Quebec Regions
514-283-7443
dec.media.ced@canada.ca

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