Canada Economic Development for Quebec Regions

Canada Economic Development for Quebec Regions

June 13, 2016 11:00 ET

The Government of Canada Supports the Start-Up of TMI Climate Solutions Canada

Financial support enables the start-up of a first plant in Canada

MONTRÉAL, QUÉBEC--(Marketwired - June 13, 2016) - Canada Economic Development for Quebec Regions (CED)

Mr. Francis Scarpaleggia, MP for Lac-Saint-Louis, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for CED, announces that TMI Climate Solutions Canada is obtaining financial support so that the company can establish its first plant in Canada.

The financial assistance awarded today by the Government of Canada amounts to $1 million. It is awarded in the form of a repayable contribution under CED's Quebec Economic Development Program. In the context of this project, with investments totalling $11.6 million, the funding allocated will enable TMI Climate Solutions Canada to purchase specialized production equipment and related tools, needed for setting up the plant.

CED is one of the six regional development agencies under the responsibility of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development.

Quick facts

  • These purchases align with the company's objectives to increase its market shares in its current niche and break into other segments of the HVAC market (ventilation, refrigeration and heating systems).
  • This financial assistance will stimulate the Canadian economy through the creation of over 200 jobs over the next three years.

Quotes

"As evidenced by the financial support awarded to TMI Climate Solutions Canada, the Government of Canada is determined to support Canadian companies that focus on innovation and to assert its role for encouraging new investments and growth."

The Honourable Navdeep Bains, Minister responsible for CED

"The Government of Canada supports companies that, like TMI Climate Solutions Canada, play a fundamental role in the growth of the economy and job creation, in order to improve the economic outlooks and security of Canadians."

Francis Scarpaleggia, MP For Lac-Saint-Louis

Related links

For more information about the QEDP: http://www.dec-ced.gc.ca/eng/programs/qedp/index.html

Website for TMI Climate Solutions Canada: www.tmiclimatesolutions.com

Stay connected

Follow CED on Twitter @CanEconDev

Contact Information