Canada Economic Development

Canada Economic Development

November 29, 2011 11:00 ET

Baultar Concept Receives Funding From Government Of Canada

WINDSOR, QUEBEC--(Marketwire - Nov. 29, 2011) - The Honourable Denis Lebel, Minister of Transport, Infrastructure and Communities and Minister of the Economic Development Agency of Canada for the Regions of Quebec, announces that Baultar Concept Inc. has been granted financial assistance to implement a commercialization plan on the American and European commuter and rail markets.

"The Government of Canada is committed to supporting innovative enterprises that, like Baultar Concept, are investing to stay competitive and are bringing new products to specialty markets," said Minister Lebel.

The project is aimed at commercializing two types of innovative products, namely a new series of operator seats and composite floor coverings for mass transit vehicles. Baultar Concept, a family-run enterprise, is a major employer in the Val-Saint-François Regional County Municipality (RCM), an area that has been hard hit by the crisis in the forest sector.

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This $200,000 repayable contribution has been granted through the Temporary Initiative for the Strengthening of Quebec's Forest Economies (TISQFE).

The TISQFE was brought into force in June 2010 to help communities affected by the forestry crisis diversify their economies in order to ensure their growth and create and maintain employment. The initiative's goal is also to support small and medium-sized businesses in these communities in their efforts to secure their viability and sustainable development.

This past July 14, the Government of Canada announced its intention to allocate a further $20 million in funding over two years to support the Quebec silvicultural sector for the years 2011 and 2012.

This measure is one of several put in place by the Government of Canada in the past months to counteract the effects of the forest crisis. Others include, for example, the Community Adjustment Fund, with its $1 billion budget over two years to mitigate the impacts of the crisis, the $1 billion granted to the Pulp and Paper Green Transformation Program to help enterprises carry out environmentally-friendly projects and the $230 million invested, in collaboration with the Government of Quebec, for silvicultural work and the restoration of bridges and culverts on multi-use forest roads. Workers have also received 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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