Canada Economic Development

Canada Economic Development

November 12, 2010 15:49 ET

$30 Million Awarded to Date for Quebec, and $1.5 Million of it for Gaspesie-Iles-de-la-Madeleine

Temporary Initiative for the Strengthening of Quebec's Forest Economies

GASPE, QUEBEC--(Marketwire - Nov. 12, 2010) - The Honourable Denis Lebel, Minister of State for Canada Economic Development, today gave a first progress report on the financial assistance that has been awarded under the Temporary Initiative for the Strengthening of Quebec's Forest Economies (TISQFE). To date, $30 million has been invested in Quebec as a whole. In the Gaspésie – Îles-de-la-Madeleine region, $1,592,189 in federal funding has been granted to seven projects under this initiative. These projects will generate investments of $6,304,527 and their proponents expect that 43 jobs will be created and maintained.

"The report I am presenting today illustrates the Government of Canada's determination to support our industries, create jobs and spur regional economic growth. In fact, I encourage Gaspésie and Îles-de-la-Madeleine enterprises and organizations to submit projects," said the Minister of State.

In effect since June 2010, the TISQFE is aimed at assisting communities affected by the forestry crisis in diversifying their economies to sustain their growth and creating and maintaining jobs. "Its goal is also to support small and medium-sized enterprises in these communities in their efforts to ensure their survival and sustainable development," Mr. Lebel concluded.

The $30 million will serve to carry out 79 projects across Quebec. These projects will generate investments of close to $115 million in the various regions affected by the forestry crisis and their proponents estimate that 1,645 jobs will be created and maintained.

The TISQFE is one of a series of measures our government has introduced in recent months to mitigate the effects of the forestry crisis. Others include the $1 billion granted to the Pulp and Paper Green Transformation Program to help enterprises undertake environmentally-friendly projects within their facilities and the $230 million invested, in collaboration with the Government of Quebec for silvicultural work and the restoration of bridges and culverts on forest roads. Workers also received their fair share since the government introduced the most generous measures in history to help them weather the economic crisis.

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Status report on projects funded under the Temporary Initiative for the Strengthening of Quebec's Forest Economies

Gaspésie – Îles-de-la-Madeleine

Backgrounder

Proponent   Description - Investment - Contribution
Aliments Queenini Inc.   Non-repayable contribution of $28,530 on a total investment of $206,750 for the startup of Queenini Inc., a firm specializing in  ready-made meals intended for the Eastern Quebec and Northern New Brunswick markets. The SME will develop a line of fast foods, such as sandwiches, quiches, soups and salads, with a trademark adapted to coffee shops, convenience stores, grocery stores and, possibly for the HRI sector (hotel, restaurant and institutional). The contribution will go exclusively toward the acquisition of industrial kitchen equipment and commercialization of the prepared meals.
Centennial Solar Inc.   Repayable contribution of $1,000,000 on a total investment of $4,000,000. Present in 18 countries, Centennial Solar specializes in assembling and manufacturing of photovoltaic solar panels. The Montréal-based SME will double its annual production capacity, from 9 to 19 megawatts. This financial assistance will allow the company to acquire specialty equipment for the new plant it is building in Sainte-Anne-des-Monts, in a priority niche for the region.
Consortium en foresterie Gaspésie – Les Îles   Non-repayable contribution of $230,160 on a total investment of $397,800. This forestry consortium is undertaking a two-year project to develop optimization scenarios for forest resource management using adapted computer tools. These scenarios will give Gaspésie communities effective methods for reconciling all of the various forest activities, from such current operations as the harvesting of ligneous materials, silvicultural work, forest resorts to emerging uses like biomass harvesting, forest mushroom picking or the installation of wind turbines.
Les Armoires des Monts   Contribution of $150,000 (half in the form of non-repayable financial assistance) on a total investment of $750,000. Les Armoires des Monts specializes in the manufacture of kitchen and bathroom cabinetry and in the design of architectural elements and built-in furnishings. The company aims to increase its market share in the residential and institutional sectors. This funding allowed the firm to acquire the high-tech equipment it needed to bolster its production capacity and improve productivity by modernizing and automating a portion of its manufacturing equipment.
Microbrasserie Le Naufrageur Inc.   Repayable contribution of $104,000 on a total investment of $582,300. Founded in 2008, Le Naufrageur microbrewery specializes in the manufacture of traditional ales which are sold through 47 outlets across Quebec. Having reached its maximum production capacity of 4,100 litres per month, the brewery wanted to triple that capacity to 16,000 litres per month. This financial assistance was used to purchase new equipment, including a bottling machine for the production of individual-sized 500 ml bottles as well as fermenters, a pallet truck, laboratory equipment and storage vats for beer carbonation. 
Motel l'Abri Ltd.   Repayable contribution of $98,978 on a total investment of $254,091 to expand Motel l'Abri Ltd. with the addition of four hotel-apartment style units in order to meet some of the demand created by the arrival in the area of the Carleton convention centre. This financial assistance served to finance a part of the capital works and acquire furniture and equipments for the new units.
Regroupement des pêcheurs professionnels du Nord de la Gaspésie
  Non-repayable contribution of $29,499 on a total investment of $32,777 to develop a restructuring plan of the turbot fishers' fixed-gear fleet in zone 17 between Rivière-à-Claude and Trois-Pistoles. This plan will enable the Regroupement to take an active part in the restructuring of this fleet so as to better adapt to and survive the new realities of the fishery and the marketplace.

Summary

Total number of projects: 7

Contributions from Canada Economic Development: $1,592,189

Investments generated by these projects: $6,304,527

Contact Information

  • Canada Economic Development
    Office of the Honourable Denis Lebel
    Benoit Fortin
    Special Assistant, Communications
    819-997-3319
    benoit.fortin@dec-ced.gc.ca
    or
    Canada Economic Development
    Karina Gagnon, Communications
    418-368-6048 or 1-866-368-0044
    karina.gagnon@dec-ced.gc.ca