Canada Economic Development

Canada Economic Development

July 12, 2012 10:30 ET

L. Jeanson Cie (2001) Ltd Receives Financial Support from Government of Canada

AMOS, QUEBEC--(Marketwire - July 12, 2012) - Acting on behalf of the Honourable Denis Lebel, Minister of Transport, Infrastructure and Communities 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, today announced that the firm L. Jeanson Cie (2001) Ltd has been granted financial assistance to improve its productivity.

"By lending financial support to L. Jeanson Cie (2001) Ltd, the Government of Canada is once again recognizing the fundamental role enterprises play in job creation and economic growth," said Mr. Gourde.

L. Jeanson Cie (2001) Ltd specializes in the manufacture of roof trusses, prefabricated walls, floor joists and beams, as well as in kitchen and bathroom cabinets and counters. To better meet its customers' needs and requirements, the company has undertaken to raise its production capacity, reduce delivery time, and improve its productivity and competitiveness. These improvements are part of a modernization project whose completion will also help diversify and strengthen the economy of the Abitibi Regional County Municipality (RCM).

The enterprise will use the financial support to acquire specialized equipment, including a roof truss span table, laser measuring tools, and a wall manufacturing table.

About the Temporary Initiative for the Strengthening of Quebec's Forest Economies (TISQFE)

This financial assistance has been granted in the form of a $122,004 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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