SAGUENAY, QUEBEC--(Marketwire - Oct. 11, 2012) - The Honourable Denis Lebel, Minister of Transport, Infrastructure and Communities and Minister of the Economic Development Agency of Canada for the Regions of Quebec, today announced funding for seven projects in Saguenay-Lac-Saint-Jean. This financial assistance, granted to Promotion Saguenay Inc., the Air Defence Museum in Bagotville, Mercier Industries en mécanique Ltd, Spectube Inc., Équipements Saguenay (1982) Ltd, Sublimart Inc. and the Auberge Val-Menaud solidarity cooperative, is intended to help promote the economic growth of the region.
"The economy and job creation are key priorities for the Government of Canada. The financial contributions we are announcing today for these innovative projects illustrate our firm commitment to supporting the economic development of the region," said Minister Lebel.
Whether their focus is on tourism industry development, business expansion, productivity enhancement or international commercialization, all of these projects exemplify the entrepreneurial spirit of the people of Saguenay and have the potential to further the competitiveness and economic growth of the region.
Information:
The seven contributions, which total $1,674,902, have been awarded through the Business and Regional Growth program, the Quebec Economic Development Program, the Temporary Initiative for the Strengthening of Quebec's Forest Economies, and the Support Initiative for International Cruise Development on the St. Lawrence and Saguenay Rivers.
For further details, see the backgrounder on these projects.
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Backgrounder on the projects announced
Support for the Saguenay-Lac-Saint-Jean economy
October 11, 2012
| Promoter - Project location | Investment - Description - Contribution | |
| Promotion Saguenay Inc. (La Baie borough) |
Non-repayable contribution of $440,000 / Total investment of $880,000 This project involves, among other things, enlarging the Théâtre du Palais municipal, acquiring a laser projection system for the show La Fabuleuse Histoire d'un Royaume, and equipping Agésilas-Lepage Wharf (the Saguenay port of call at La Baie) with a drinking water supply and wastewater treatment system. Program: Support Initiative for International Cruise Development on the St. Lawrence and Saguenay Rivers |
|
| Air Defence Museum (Bagotville) |
Non-repayable contribution of $298,076 / Total investment of $732,076 The aim of this project is to improve the museum's appeal to cruise passengers, among others, and to increase the region's tourism offering. Program: Support Initiative for International Cruise Development on the St. Lawrence and Saguenay Rivers www.museebagotville.ca |
|
| Auberge Val-Menaud, solidarity cooperative (Saint-Charles-de-Bourget) |
Non-repayable contribution of $77,520 / Total investment of $373,735 The purpose of this project is to start up a new lodging facility in St-Charles-de-Bourget. CED is financing the experts' fees as well as the cost of setting up and furnishing the lodging units. Program: Temporary Initiative for the Strengthening of Quebec's Forest Economies |
|
| Mercier, Industries en mécanique Ltd (Jonquière borough) |
Repayable contribution of $358,000/Total investment of $895,000 This project involves acquiring latest-technology equipment and reconfiguring the production area. In so doing, Mercier is seeking to increase its productivity and production capabilities and improve its competitiveness. Program: Business and Regional Growth http://mercierindustries.com/ |
|
| Spectube Inc. (Chicoutimi borough) |
Repayable contribution of $228,500 / Total investment of $457,000 This project is aimed at commercializing higher value-added products on the United States market and breaking into new industrial sectors. Program: Business and Regional Growth www.alfiniti.com/ |
|
| Sublimart Inc. (Saint-Ambroise) |
CED: Repayable contribution of $172,806 / SADC du Haut-Saguenay: Loan of $31,000 / Total investment of $424,607 This project involves the expansion of the company's plant and the acquisition and installation of manufacturing and management equipment to enable the enterprise to broaden the range and improve the quality of its products. Program: Quebec Economic Development Program www.sublimart.ca/ |
|
| Équipements Saguenay (1982) Ltd (Chicoutimi borough) |
CED: Repayable contribution of $100,000 / NRC-IRAP: Non-repayable contribution of $99,999 / Total investment of $300,000 The purpose of this project is to improve the enterprise's productivity through the implementation of an ERP (Enterprise Resource Planning) integrated management system. The initiative includes the acquisition and integration of software covering all of the organization's operations and divisions. CED program: Quebec Economic Development Program NRC-IRAP program: Digital Technology Adoption Pilot Program www.equipementssaguenay.com/ |
| Summary | |
| Total number of projects: | 7 |
| Total contribution from Canada Economic Development: | $1,674,902 |
| Total investment generated by the projects: | $4,062,418 |
Contact Information:
Canada Economic Development
514-283-8818
media@dec-ced.gc.ca
Genevieve Sicard
Press Secretary
Office of the Honourable Denis Lebel
Canada Economic Development
514-496-1282
genevieve.sicard@tc.gc.ca