Canada Economic Development

Canada Economic Development

November 12, 2010 15:28 ET

Temporary Initiative for the Strengthening of Quebec's Forest Economies

$30 million awarded to date for Quebec, nearly $1.5 million of it for Centre-du-Quebec

VICTORIAVILLE, QUEBEC--(Marketwire - Nov. 12, 2010) - The Honourable Christian Paradis, Minister of Natural Resources, today gave a first progress report on the financial assistance awarded to the Centre-du-Québec region under the Temporary Initiative for the Strengthening of Quebec's Forest Economies (TISQFE). To date, $30 million has been invested in Quebec as a whole. In the Centre-du-Quebec region, $1,454,000 in federal funding has been granted to five projects under this initiative. These projects will generate investments of $3,934,200 and their proponents expect that 30 jobs will be created.

"The report I am presenting today illustrates the Government of Canada's determination to support our industries, create jobs and spur regional economic growth. In fact, I encourage enterprises and organizations in the Centre-du-Québec region to submit projects," said Mr. Paradis.

In effect since June 2010, the TISQFE is aimed at assisting communities affected by the forest crisis in diversifying their economies to sustain their growth and creating and maintaining jobs. "Its goal is also to support small and medium-sized enterprises in these communities in their efforts to ensure their survival and sustainable development," Minister Paradis concluded.

The $30 million will serve to carry out 79 projects across Quebec. These projects will generate investments of close to $115 million in the various regions affected by the forestry crisis and their proponents estimate that 1,645 jobs will be created and maintained.

The TISQFE is one of a series of measures our government has introduced in recent months to mitigate the effects of the forestry crisis. Others include the $1 billion granted to the Pulp and Paper Green Transformation Program to help enterprises undertake environmentally-friendly projects within their facilities and the $230 million invested over two years for silvicultural work and the restoration of bridges and culverts on forest multi-use roads in Quebec. Workers are also benefiting from their fair share of support, with the Government of Canada introducing some of the most generous measures in history to help them through the economic crisis.

Canada Economic Development is online at www.dec-ced.gc.ca. Subscribe to the Agency's press releases at
http://www.dec-ced.gc.ca/eng/media-room/mailing-list/list.html to keep up with the latest news.

Status report on projects funded under the Temporary Initiative for the Strengthening of Quebec's Forest Economies Centre-du-Québec

BACKGROUNDER

Proponent Description - Investments - Contribution
Manoir du Lac
William Inc.
Repayable contribution of $800,000 on a total investment of $2,260,000. Located in Saint-Ferdinand, Manoir du Lac William is a tourist establishment of international renown. The project consists of increasing the Manoir's accommodation capacity and enhancing its service offering. It includes expansion of the existing building to add 21 new rooms, an inside swimming pool, a Nordic spa, meeting rooms, a fitness centre and an elevator.
Fibres Lyster Inc.
(9105-8636 Québec Inc.)
Repayable contribution of $250,000 on a total investment of $505,000. Founded in 2001, Fibres Lyster operates in the composite materials sector. This manufacturing SME specializes in the fibreglass lamination of industrial parts associated with transportation equipment and the lamination of bathtubs and showers for the construction market. The project involves the acquisition and installation of new and used equipment to help automate production.
Confection
Aventure
(2008) Inc.
Repayable contribution of $66,000 on a total investment of $348,000. Confection Aventure (2008) Inc. is a clothing manufacturer specializing in work clothes and coats in small and medium-size batches. It contract manufactures clothing for several government entities and brand names. The project involves the acquisition of specialty equipment.
Placages
Lignum Inc.
Repayable contribution of $113,000 on a total investment of $248,000. Placages Lignum Inc. specializes in the jointing of veneer sheets of wood of various grades, species and sizes. More specifically, the firm bonds thin 6 in. x 8 ft. wood laminates to produce 4 ft. x 8 ft. veneers for furniture, door, plywood and cabinetwork manufacturers. The project involves enhancing plant productivity through the acquisition of specialty equipment for the veneering of cabinetmaker's wood for furniture and door manufacturers.
Société sylvicole
d'Arthabaska-Drummond Inc.
Repayable contribution of $225,000 on a total investment of $573,200. Société sylvicole Arthabaska-Drummond Inc. brings together close to 1,000 woodlot owner shareholders. The Société's primary mission is the development and intensive management of forest resources on private land with the perspective of biomass development. The wood harvesting, reforestation and other services it offers to private forest landowners help boost the productivity of their properties. Aimed at diversifying the Société's activities, the project consists of setting up a small softwood pellet plant in a leased building.

Summary

Total number of projects: 5

Contributions from Canada Economic Development: $1,454,000 

Investments generated by these projects: $3,934,200

Contact Information

  • Canada Economic Development
    Office of the Honourable Denis Lebel
    Benoit Fortin
    Special Assistant, Communications
    819-997-3319
    benoit.fortin@dec-ced.gc.ca
    or
    Canada Economic Development
    Lyne Montpellier
    Special Assistant, Communications
    819-371-5182 or 800-567-8637
    lyne.montpellier@dec-ced.gc.ca