Canada Economic Development for Quebec Regions

Canada Economic Development for Quebec Regions

July 13, 2015 15:00 ET

Government of Canada supports CLT Outaouais Inc.

Ripon enterprise, in the Papineau RCM, to benefit from funding from the Government of Canada to start up its operations in the wood industry

RIPON, QUEBEC--(Marketwired - July 13, 2015) - Canada Economic Development for Quebec Regions (CED)

Acting on behalf of the Honourable Denis Lebel, Minister of Infrastructure, Communities and Intergovernmental Affairs and Minister of the Economic Development Agency of Canada for the Regions of Quebec, Jacques Gourde, Member of Parliament for Lotbinière-Chutes-de-la-Chaudière and Parliamentary Secretary to the Prime Minister, for Official Languages and for the Economic Development Agency of Canada for the Regions of Quebec, announces that the firm CLT Outaouais has been granted funding to improve its facilities and acquire equipment for the manufacture of wood products for the residential and commercial building market.

This support has is being awarded in the form of a $374,000 repayable financial contribution through CED's Quebec Economic Development Program.

Quick facts

  • The investment will enable CLT Outaouais to produce Cross Laminated Timber (CLT) panels.
  • This manufacturing firm offers a competitive alternative and complementary option to structural building solutions like steel and cement.
  • As well as helping the company become more competitive, this project should ensure the maintenance of existing jobs in other enterprises in the region while creating some 20 direct jobs in the Regional County Municipality (RCM) of Papineau.

Quote

"By supporting the start-up of CLT Outaouais, our government is recognizing once again the fundamental role that businesses play in bringing about economic growth and job creation."

Jacques Gourde, Member of Parliament for Lotbinière-Chutes-de-la-Chaudière and Parliamentary Secretary to the Prime Minister, for Official Languages and for the Economic Development Agency of Canada for the Regions of Quebec

Related link

CLT Outaouais Website: http://www.clt-outaouais.com/en/

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