Canada Economic Development

Canada Economic Development

August 26, 2013 15:00 ET

Nearly $4 Million in Funding Granted by Government of Canada to Sustain Economic Activity in Kamouraska RCM

LA POCATIÈRE, QUEBEC--(Marketwired - Aug. 26, 2013) - 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, took the opportunity while visiting the Bas-Saint-Laurent region to announce funding from the Government of Canada toward seven projects.

"With this concrete support for entrepreneurship and technological innovation, the Harper Government is injecting new life into the development of the La Pocatière region and thereby stimulating the growth of our national economy," said Minister Lebel.

The seven recipients of this funding are the firms Agro-Enviro-Lab and Les Industries Desjardins Ltd, along with the organizations Centre de développement bioalimentaire du Québec (CDBQ), Solutions Novika, Patrimoine maritime de Kamouraska, Fonds d'aide aux loisirs de Saint-Onésime Inc. and Station Plein-Air.

Information:

This assistance, granted in the form of repayable and non-repayable financial contibutions totalling $3,668,821, has been awarded through the Quebec Economic Development Program and the Community Infrastructure Improvement Fund (CIIF).

For further details on these projects, please see the related backgrounder.

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

FINANCIAL ASSISTANCE GRANTED IN THE LA POCATIÈRE REGION

Promoter Contribution - Investment - Program - Description
Centre de développement bioalimentaire du Québec (CDBQ) Non-repayable contribution of $2,409,362 / total investment of $4,554,686 / Quebec Economic Development Program
This project involves establishing an open innovation platform in agricultural biotechnology by adding specific facilities for pre-industrial pilot testing to accelerate the commercialization of bioproducts and bioprocesses for the agricultural sector.
Les Industries Desjardins Ltd Repayable contribution of $412,500 / total investment of $825,000 / Quebec Economic Development Program
The aim of this project is to raise the firm's production capacity and productivity by expanding one of its buildings, adding a second plant, installing travelling bridge cranes and acquiring equipment. The expansion is needed to enable the company to meet the growing demand for its products and to capitalize on growth opportunities related to the Plan Nord.
Solutions Novika Non-repayable contribution of $392,148 / total investment of $493,349 / Quebec Economic Development Program
This project is aimed at increasing the performance of manufacturing firms through technology transfer. It involves acquiring and installing equipment for the development of two new processes, namely dual-robotic hybrid laser GMAW welding and hot wire laser cladding. The organization will also undertake commercialization activities to promote the new services developed within the framework of this project.
Agro-Enviro-Lab Repayable contribution of $180,000 / total investment of $360,000 / Quebec Economic Development Program
This project involves boosting Agro-Enviro-Lab's productivity and production capacity through the acquisition of laboratory equipment to automate the analysis process.
Patrimoine maritime de Kamouraska Non-repayable contribution of $210,500 / total investment of $421,000 / Community Infrastructure Improvement Fund
The aim of this project is to repair Taché wharf, which is used as a marina, to make access to the river easier and safer for local users. This initiative will lead to the restoration of the marina's boat launch and retaining walls.
Fonds d'aide aux loisirs de Saint-Onésime Inc. Non-repayable contribution of $52,486 / total investment of $104,972 / Community Infrastructure Improvement Fund
This project is aimed at renovating the skating rink so it can also serve as a sports surface during the summer months. The work will involve excavating and refilling the site, laying asphalt and an encircling concrete sidewalk, installing permanent aluminium and recycled plastic boards, and setting up areas for tennis and basketball.
Station Plein-Air Non-repayable contribution of $11,825 / total investment of $27,886 / Community Infrastructure Improvement Fund
The aim of this project is to renovate the community building at Saint-Pacôme's Station Plein Air. More specifically, the work will include replacing the shingles on the roof and painting the exterior walls of the building.

Summary

Total number of projects: 7

Total contribution from Canada Economic Development: $3,668,821

Total investment generated by these projects: $6,786,893

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