Canada Economic Development for Quebec Regions

Canada Economic Development for Quebec Regions

October 15, 2014 13:00 ET

Recognized Lifeboat Manufacturer Nautic & Art of Windsor Continues to Have the Wind in its Sails

CED supporting Estrie firm's efforts to improve productivity

WINDSOR, QUEBEC--(Marketwired - Oct. 15, 2014) - 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, took the opportunity while in Sherbrooke today to announce that the firm Nautic & Art Inc. has been granted financial assistance to improve its productivity, develop new products and pursue its growth.

This assistance is being awarded in the form of a $130,000 repayable financial contribution through CED's Quebec Economic Development Program.

Quick facts

  • This support will enable Nautic & Art to design and manufacture new professional lifeboats that meet the requirements of police departments and coast guard services, among others.

  • These fully Canadian-made products will also be sold on the international market, including in Colombia, a country with which Canada recently signed a free-trade agreement.

  • As well as ensuring the company's growth, this project is expected to result in new job creation.

Quotes

"Our government believes economic prosperity is achieved through investments like the one Nautic & Art is making to increase its production capacity and become more competitive on the international market."

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

"As our goal at Nautic & Art is to set our company apart from the competition in the maritime sector, we are constantly striving for new and innovative solutions. This project we are carrying out thanks to the support of CED will allow us to develop new products, pursue our growth and deliver our orders in a timely manner."

Luc Larochelle, President, Nautic & Art Inc.

Related link

Nautic & Art Inc. Website: www.nacorp.ca

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