BOUCHERVILLE, QC, April 12, 2019 /CNW Telbec/ - Canada Economic Development for Quebec Regions (CED) Aluproteck, Multiple Awnings and LITO Green Motion will be able to continue their operations more effectively with the help of a total of $920,000 in repayable contributions from Canada Economic Development for Quebec Regions.
With this financial assistance, Aluproteck Inc. will be able to complete its project to acquire specialized anodizing equipment, which will help the company get off the ground. Multiple Awnings Inc. will be able to increase its productivity and implement an international marketing strategy. LITO Green Motion Inc. will be able to market its flagship product, the SORA luxury electric motorcycle, in the United States.
The funding was announced today by the Honourable Diane Lebouthillier, Member of Parliament for Gaspésie–Les Îles-de-la-Madeleine and Minister of National Revenue. The Government of Canada's assistance will help the recipient businesses achieve their set objectives. Their respective projects will generate total investments of nearly $6M and create 72 jobs in Montérégie.
The Government of Canada is committed to creating close partnerships with Quebec businesses to support their efforts to innovate and increase their productivity and competitiveness, and contribute to the economic vitality of the regions, job creation and the improvement of citizens' quality of life.
Quotes "By helping businesses invest in equipment and tools that will enhance their performance, and by encouraging product marketing and market development projects, the Government of Canada is remaining true to its commitments to drive expansion, innovation and exports. I am delighted to know that these projects will help create more than 70 high-quality jobs in the Montérégie region."
The Honourable Diane Lebouthillier, Minister of National Revenue
"In line with our commitment to foster growth for the Canadian economy, the Government of Canada's goal is to provide better support for businesses that are making investments to improve their productivity and ensure their growth and that of the Canadian economy."
The Honourable Navdeep Bains, Minister responsible for CED
Quick facts 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 the other five regional development agencies.
For 50 years now, the Government of Canada has been actively participating in regional economic development in Quebec: half a century of concrete action dedicated to the development of the regions and local businesses.