Canada Economic Development

Canada Economic Development

September 30, 2011 11:00 ET

Laser AMP Receives Financial Assistance From Government of Canada

GRANBY, QUEBEC--(Marketwire - Sept. 30, 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, announces that the firm Laser AMP has been granted $350,000 in repayable funding to improve its productivity.

"The Government of Canada believes in the importance of supporting Montérégie companies that, like Laser AMP, are operating in the metal processing industry, a priority sector for the regional economy," said Minister Lebel.

The enterprise, which has been specializing in metal laser cutting since 1995, intends to use the funding for the acquisition of equipment, including a new press brake and aluminium welding robot. This project will enable the firm to improve its production capabilities, offer a wider range of products and expand into new markets. Located near its main suppliers and the American market, Laser AMP is capitalizing on this proximity and accessibility to help it achieve its objectives.

This financial assistance has been granted through Canada Economic Development's Business and Regional Growth program.

Keep up with the latest news from Canada Economic Development by visiting www.dec-ced.gc.ca or subscribing to @CanEconDev on Twitter.

Contact Information