Canada Economic Development

Canada Economic Development

November 12, 2010 17:08 ET

$30 Million Awarded to Date for Quebec, and Close to $5 Million for Mauricie

Temporary Initiative for the Strengthening of Quebec's Forest Economies

TROIS-RIVIERES, 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 awarded to the Laurentides and Lanaudière regions 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 Mauricie region, $4,865,000 in federal funding has been granted to three projects under this initiative. These projects will generate investments of $22,151,500 and their proponents expect that 347 jobs will be created and 225 others will be 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 Laurentides and Lanaudière 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 forest 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 are also benefiting from their fair share of support, with the Government of Canada introducing some of the most generous measures in history to help them through the economic crisis.

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

Mauricie

Backgrounder

Proponent   Description - Investment- Contribution
Premier Aviation Centre de révision Inc.   Repayable contribution of $3.5 million on a total investment of $17 million. Operating out of Trois-Rivières since 2002, Premier Aviation Centre de révision Inc. offers the North American aviation industry mid-size aircraft inspection, maintenance and repair services of the highest standards of quality. The project consists of building a large-size hangar (60,000 sq. ft.), which will allow the company to accommodate a wider range of aircraft.
Énergie Miti Inc.   Repayable contribution of $1,253,000 on a total investment of $4,900,000. This is a business startup project in the La Tuque area. The mission of Énergie Miti Inc. will be to produce and commercialize densified wood pellets and logs from forest biomass consisting solely of forest residue and green wood left in cutting areas. The products manufactured will help meet the energy needs of residential, institutional and industrial buildings.
Énergie Miti Inc.   Repayable contribution of $112,000 on a total investment of $252,000. This project involves the international commercialization of the densified wood pellets and logs manufactured by this startup company. Implementation of this commercialization strategy will span a two-year period and include the following activities: hiring of a qualified resource, participation in trade shows and fairs, conventions and conferences, development of promotional tools and Web site, client prospecting and industry association memberships.

Summary

Total number of projects: 3

Contributions from Canada Economic Development: $4,865,000

Investments generated by these projects: $22,151,500

Contact Information

  • Source:
    Canada Economic Development
    Office of the Honourable Denis Lebel
    Benoit Fortin - Special Assistant, Communications
    819-997-3319
    benoit.fortin@dec-ced.gc.ca
    or
    For information:
    Canada Economic Development
    Lyne Montpellier - Communications
    819-371-5182 or 800-567-8637
    lyne.montpellier@dec-ced.gc.ca