Canada Economic Development

Canada Economic Development

June 21, 2010 09:00 ET

Canada Economic Development ready to accept projects

Minister of State Denis Lebel Unveils Terms and Conditions of New Temporary Initiative for the Strengthening of Quebec's Forest Economies

MONTRÉAL, QUEBEC--(Marketwire - June 21, 2010) - The Honourable Denis Lebel, Minister of State for Canada Economic Development, today unveiled the terms and conditions of the Temporary Initiative for the Strengthening of Quebec's Forest Economies (TISQFE) announced this past April 26. This three-year, $100 million initiative is aimed at supporting communities affected by the forestry crisis in their efforts to increase and diversify their economic activity.

This assistance from the Government of Canada will serve, for example, to fund projects to develop new markets, implement a recovery plan or acquire higher-performance manufacturing equipment.

"The Government of Canada has been doing everything it can, from the very outset, to sustain the communities and workers affected by the forestry crisis. We have toured the Quebec regions grappling with this situation, listened to their needs and concerns and are taking effective action to help them build their capabilities, increase their vitality and improve their prosperity in a sustainable manner. Implementation of this initiative is testimony of that and will serve as an additional means for helping them secure their full development. We are now ready to receive your projects," affirmed the Minister of State. 

In granting funding through this initiative, particular emphasis will be placed on secondary and tertiary processing as well as on the economic diversification of communities heavily reliant on the forestry sector. Priority will be given to communities or projects that have the potential to generate direct economic spinoffs.

For detailed information on the terms and conditions of the TISQFE, contact the Canada Economic Development business office in your region or visit the Agency Web site at: http://www.dec-ced.gc.ca/eng/programs/forest/index.html

All projects accepted within the framework of this initiative must comply with the Softwood Lumber Agreement and Canada's national policy on forestry industry investment incentives.

Contact Information

  • Canada Economic Development
    Media Relations
    Sandra Duchesne
    514-283-8818
    Cell.: 514 603-6417
    sandra.duchesne@dec-ced.gc.ca
    or
    Canada Economic Development
    Office of the Honourable Denis Lebel
    Eve Cardinal
    Special Assistant, Communications
    819-997-3319
    eve.cardinal@dec-ced.gc.ca