Canada Economic Development

Canada Economic Development

September 30, 2010 15:30 ET

Government of Canada Grants $396,500 in Funding to Atelier d'usinage TAC

SAINT-JEROME, QUEBEC--(Marketwire - Sept. 30, 2010) - The Honourable Denis Lebel, Minister of State for Canada Economic Development, took the opportunity of today's official opening of Atelier d'usinage TAC's new facilities to announce the awarding of $396,500 in repayable funding to the enterprise. This financial assistance will enable the company to furnish its new machine shop with state-of-the-art equipment and thereby bolster its production capacity. Necessitating an overall investment of nearly $2.3 million, this project will result in the creation of nine new jobs at the plant.

Operating in Saint-Jérôme for 65 years, Atelier d'usinage TAC custom manufactures, fits and repairs metal parts of every kind. This third-generation family-run business relies on a multidisciplinary team of specialists to serve the needs of its substantial and diverse clientele across the province.

"This project will lead to job creation in an expanding sector, which will in turn promote the economic diversification of the Rivière-du-Nord Regional County Municipality," commented the Minister of State.

This financial assistance from Canada Economic Development has been awarded through the Community Adjustment Fund (CAF), a measure put in place to support communities severely affected by the economic downturn, particularly those whose economies rely heavily on the primary industries and manufacturing sector. Established under Canada's Economic Action Plan, this billion-dollar measure is aimed at stimulating job creation and supporting local economic diversification and restructuring efforts.

For more on Canada's Economic Action Plan, visit www.actionplan.gc.ca.

Canada Economic Development is online at www.dec-ced.gc.ca. Subscribe to the Agency's press releases at
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