Canada Economic Development

Canada Economic Development

August 31, 2011 09:00 ET

Impression Rive-Sud Inc. Receives $206,000 in Funding From Government of Canada to Acquire Specialized Equipment and Develop New Markets

CAP-SAINT-IGNACE, QUEBEC--(Marketwire - Aug. 31, 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, today announces the awarding of $206,000 in repayable funding to the firm Impression Rive-Sud to acquire specialized equipment and launch a well-structured marketing plan outside Quebec.

"The Government of Canada is proud to lend its financial support to small and medium-sized enterprises that, like Impression Rive-Sud, make the necessary investment to increase their productivity and, in so doing, stimulate their growth," said Minister Lebel.

Canada Economic Development's financial assistance has enabled Impression Rive-Sud, a commercial printing company for more than a quarter-century, to acquire an offset press with a digital control panel and a large format printer for posters and banners. The project also involved hiring an international commercialization manager. This SME, which employs about 30 people, serves a commercial, paragovernmental and mainly industrial clientele.

This family enterprise stands out in several ways. It is one of the few independent businesses in its field to have embraced the latest technologies available, developed comprehensive binding services and been awarded environmental certification by three separate organizations.

Once complete, Impression Rive-Sud's project, which necessitated an overall investment of $1.8 million, will help diversify and strengthen the economy of the Regional County Municipality of Montmagny. This funding has been awarded through the Temporary Initiative for the Strengthening of Quebec's Forest Economies (TISQFE).

About the TISQFE

In force since June 2010, this initiative is aimed at helping 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.

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