Canada Economic Development

Canada Economic Development

November 12, 2010 16:08 ET

$30 Million Awarded to Date for Quebec, More Than $2.5 Million for Estrie

Temporary Initiative for the Strengthening of Quebec's Forest Economies

SHERBROOKE, QUEBEC--(Marketwire - Nov. 12, 2010) - The Honourable Christian Paradis, Minister of Natural Resources and Member of Parliament for Mégantic–L'Érable, today gave a first progress report on the financial assistance awarded to the Estrie region 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 Estrie region, $2,500,000 in federal funding has been granted to six projects under this initiative. These projects will generate investments of $19,039,976 and their proponents expect that 181 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 Estrie enterprises and organizations to submit projects," said the Minister.

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. Paradis 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 over two years for silvicultural work and the restoration of bridges and culverts on forest roads in Quebec. 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

Estrie

Backgrounder

Proponent   Description - Investment - Contribution
Tafisa Canada and Company   Repayable contribution of $1,000,000 on a total investment  of $6,010,000. Founded in 1992, Tafisa Canada and Company specializes in the production of particleboard and thermo-fused melamine panels. The project consists of modifying the company's production lines in order to manufacture new products, and acquiring equipment to be able to increase the use of recycled wood in its particleboard and panels.

Granit RCM
Davibois Inc.   Repayable contribution of $300,000 on a total investment of $600,000. Founded in June 2000, Davibois initially specialized in the custom manufacturing of furniture and cabinets. Since its relocation in 2005 to a 21,000 square foot facility, it contract manufactures solid wood products according to client specifications. The project involves upgrading a production chain by acquiring an automatic feeder system, an edger with an automatic saw positioning system to optimize cuts, an automated power saw and conveyors.

Val-Saint-François RCM
Les Viandes Laroche Inc.   Repayable contribution of $900,000 on a total investment of $11,222,000. Viandes Laroche Inc. specializes in the processing, sale and distribution of choice beef, pork, poultry, veal and deli products. It processes two types of products: the regular fare and Viandes Sélectionnées des Cantons products which are hormone- and antibiotic-free. The project consists of relocating its slaughter, processing and storage operations to a larger building.

Asbestos RCM
Grani-Bois Concept Inc.   Repayable contribution of $70,000 on a total investment  of $167,176. Grani-Bois Concept specializes in granite products: kitchen and bathroom countertops, granite tiles and construction granite. With the goal of taking advantage of the upswing in U.S. construction, the company aims to increase its production capacity. Expansion of its facility and the acquisition of new equipment will facilitate working with larger pieces of stone and increase storage space.

Granit RCM

Les Équipements Sylmar Inc.
  Repayable contribution of $200,000 on a total investment of $880,000. Founded in 1992, Les Équipements Sylmar Inc. designs, develops and manufactures farm and forest equipment. The project involves expanding its facility by 4,500 square feet, acquiring production and office equipment to market an innovative product stemming from R&D activities, as well as developing a commercialization plan.

Granit RCM
Sherbrooke Innopole (CLD)   Non-repayable contribution of $30,000 on a total investment of $160,800. As Sherbrooke's local development centre (CLD), Sherbrooke Innopole ensures innovative, harmonious, and dynamic economic growth, promoting the development of new companies created from Sherbrooke ingenuity and research while supporting the growth of existing tertiary and manufacturing companies. The project is aimed at carrying out a three-year strategic plan to establish a Waste Diversion Centre of Excellence in Bury, Estrie.

Haut-Saint-François RCM

Summary

Total number of projects: 6

Contributions from Canada Economic Development: $2,500,000

Investments generated by these projects: $19,039,976

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
    Jean-Francois Lauzon
    Communications
    514-283-0306 / Cell.: 514-895-6237
    jean-francois.lauzon@dec-ced.gc.ca