Canada Economic Development

Canada Economic Development

July 02, 2014 11:00 ET

Two Victoriaville Businesses to Expand With Support From Government of Canada

VICTORIAVILLE, QUEBEC--(Marketwired - July 2, 2014) - Canada Economic Development

Acting on behalf of 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, the Honourable Shelly Glover, Minister of Canadian Heritage and Official Languages, announces that two Victoriaville enterprises-Groupe R.Y. Beaudoin Inc. and G.G. Télécom Inc.-have been granted financial assistance to ensure their growth.

This support, which totals $550,000, has been awarded through Canada Economic Development's Quebec Economic Development Program in the form of repayable contributions of $300,000 for Groupe R.Y. Beaudoin Inc. and another of $250,000 for G.G. Télécom Inc.

Quick facts

  • The contribution to Groupe R.Y. Beaudoin Inc. will enable the company, which manufactures specialized products for heavy machinery, to enhance productivity by acquiring and installing new equipment in its brand new plant, a move that should help bolster sales.
  • The support granted to G.G. Télécom Inc., which specializes in the design and manufacture of motion detector monitoring equipment, will be used to implement an international marketing strategy to promote its new XCEL HD camera and ensure quality control.
  • These investments are aimed at stimulating the companies' growth and performance while consolidating existing jobs.

Quote

"The assistance granted by our government to these two Victoriaville businesses will help sustain local industry, create jobs and stimulate the region's economic growth."

Shelly Glover, Minister of Canadian Heritage and Official Languages

Related links

Groupe R.Y. Beaudoin Inc. Web site: www.grouperybeaudoin.com

G.G. Télécom Inc. Web site: www.spypoint.com

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