Investment in Economic Development of Amos to Modernize Airport Infrastructure, Enhance Regional Tourism Offering, and Support Expansion of Local Enterprises

AMOS, QUEBEC--(Marketwired - July 8, 2015) - Canada Economic Development for Quebec Regions (CED)

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, today announced that three economic stakeholders from Abitibi have been awarded funding to develop and modernize airport infrastructure, enhance the regional tourism offering, and support the productivity and expansion of enterprises in Amos.

The assistance announced today, totalling $2,493,311, is being provided in the form of one non-repayable contribution and two repayable contributions through CED's Quebec Economic Development Program.

Quick facts

• The City of Amos, Gestion Anocinq and Polyplast will receive this financial assistance from the Government of Canada.
• The contributions made by the federal government will enable the recipients to serve their clientele more effectively while maintaining and creating full-time jobs in the region.

Quote

"By supporting economic stakeholders in the Abitibi-Témiscamingue region in upgrading community infrastructure and raising enterprises' productivity, our Government is demonstrating yet again that it is committed to investing in projects that help bring about economic growth both regionally and locally."

Denis Lebel, Minister of Infrastructure, Communities and Intergovernmental Affairs and Minister of the Economic Development Agency of Canada for the Regions of Quebec

Related document

For further details on the three projects, consult the attached backgrounder.

Related links

For further information on the QEDP: www.dec-ced.gc.ca/eng/programs/qedp/index.html

To find out more about Magny airport: www.ville.amos.qc.ca/en/affaire/aeroport

To find out more about Gestion Anocinq's project: www.amosphere.com/indexen.php?lg=en

To find out more about Polyplast: www.polyplasts.com (French only)

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BACKGROUNDER

Investment in economic development of Amos to modernize airport infrastructure, enhance regional tourism offering, and support expansion of local enterprises

Government of Canada funds three projects promoting economic growth in Abitibi-Témiscamingue communities

July 8, 2015 - Amos, Quebec - Canada Economic Development for Quebec Regions (CED)

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, today announced that three economic stakeholders from Abitibi have been awarded funding to develop and modernize airport infrastructure, enhance the regional tourism offering, and support the productivity and expansion of enterprises in Amos.

Promoter	Contribution - Investment - Project Description
City of Amos	Non-repayable contribution of $1,700,000 / total investment of $3,400,000 Inaugurated in 1974, Magny airport has posted a 48% rise in traffic in the past four years. With a geographical location conducive to business development in Northern Quebec, the airport recorded 2,887 flights, and 7,000 or so users took advantage of airport services over the past year. The most recent major work dates back to 1989, so the project involves upgrading the runway, correcting drainage, and modernizing airport lighting (runway and taxiway lights, aerodrome beacon, etc.). These improvements will enhance the services the airport offers, since they will be better geared to users' needs, thereby supporting the Amos community and regional enterprises.
Gestion Anocinq	Repayable contribution of $548,389 / total investment of $2,217,889 Gestion Anocinq, a family business, manages Amosphere Resort, a 4-star tourist establishment located in Amos. With 42 rooms, a restaurant, four meeting rooms, a banquet hall, a physical fitness room and two outdoor hot tubs, the hotel complex is facing an increase in its clientele. The project thus aims to enhance the regional tourism offering by adding 15 premium rooms. The resort will subsequently be better placed to solicit and accommodate winter tourists from outside Quebec, in particular snowmobiling groups. In 2011, the Abitibi-Témiscamingue region ranked first among snowmobile destinations. Not only will this project increase Amos's capacity to attract tourists from outside Quebec, it will also mean regional goods and services suppliers benefit from the economic spinoffs generated by the work carried out.
Polyplast (9219-7078 Quebec Inc.)	Repayable contribution of $244,922 / total investment of $602,720 Polyplast has been operating in the region for 15 years, and delivers resin solutions for covering or replacing a plethora of parts whose durability is jeopardized by friction, impacts or abrasion. Offering customized service, it manufactures polymer parts for prime contractors in the mining, forestry and government sectors. Its market covers both Abitibi-Témiscamingue, and the Outaouais, Montreal and Laurentides regions and Ontario. To continue meeting industry demand, its relocation, facilitating the firm's expansion and improved productivity, had become necessary. Its significantly larger new facility, located in Amos's industrial park, will also enable it to enhance the quality and diversity of its products. Through this project, the acquisition of several pieces of sophisticated equipment will enhance the service offering so as to cater more closely to several prime contractors' order requirements. The project will have positive spinoffs, as it will help diversify the region's entrepreneurial fabric. This SME, which already has six employees, plans to create two other full-time jobs through this project.

In short
Total number of projects:	3
Contributions from CED:	$2,493,311
Investment generated by these projects:	$6,220,609