MONTMAGNY, QUEBEC--(Marketwire - Feb. 7, 2013) - 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 the firm Étiquettes PDF Inc. received financial assistance for the acquisition of specialized technological equipment.
"Our Government of Canada supports the startup of enterprises that, like Étiquettes PDF Inc., have the potential to create sustainable jobs and further the economic diversification of their regions," says Minister Lebel.
Étiquettes PDF Inc. was founded in May 2011 by a group of shareholders from the Montmagny region who decided to expand into the digital printing of self-adhesive and IML labels, a sector offering strong growth potential. The firm's products are primarily sold to three main clienteles, namely plastic injection moulding companies, agri-food producers, and manufacturers of pharmaceuticals and natural products.
Étiquettes PDF Inc. used this funding from the Government of Canada to purchase finishing equipment and reconfigure its facility for the installation and effective operation of this leading-edge technological equipment.
About the Temporary Initiative for the Strengthening of Quebec's Forest Economies (TISQFE)
This financial assistance was granted in the form of a $200,750 repayable contribution through Canada Economic Development's 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 secondary and tertiary wood processing projects in these communities.
This measure is one of several put in place by the Government of Canada to counteract the effects of the forest crisis. Others include the Community Adjustment Fund, with its $1-billion budget over two years to mitigate the impact 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 $238 million invested, in collaboration with the Government of Quebec, for silvicultural work and the maintenance of multi-use forest roads. Workers have also received their fair share of support, with the Government of Canada introducing numerous measures to help them through the global economic crisis.
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