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Nearly $8.5M awarded to APG Neuros and DCM Group to increase their productivity and competitivenessInvestment projects valued at nearly $17.5M in the Laurentides region BLAINVILLE, QC, April 15, 2019 /CNW Telbec/ - Canada Economic Development for Quebec Regions (CED) The governments of Quebec and Canada and Investissement Québec have awarded a total of $8,450,000 in financial assistance to APG Neuros and DCM Group to support the completion of projects representing investments worth $17,450,000. The announcement was made today by Mario Laframboise, MNA for Blainville, acting on behalf of Pierre Fitzgibbon, Minister of Economy and Innovation and Minister Responsible for the Lanaudière Region; and Ramez Ayoub, Member of Parliament for Thérèse-De Blainville, acting on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for Canada Economic Development for Quebec Regions (CED). APG Neuros The Government of Canada has provided APG Neuros with a repayable contribution of $650,000 under the Regional Economic Growth through Innovation program, in order to improve its competitiveness through the implementation of a marketing and export strategy. The strategy involves developing and acquiring two prototypes, participating in trade fairs and carrying out international prospecting missions. All of APG Neuros' projects represent a total investment of $12.5 million and will create 15 jobs over a three-year period. DCM Group The Government of Canada has provided the company with $700,000 in repayable financial assistance through the Quebec Economic Development Program. DCM Group will be able to increase its competitiveness by acquiring digital production equipment. DCM Group's project represents an investment of $4,950,000 and will create about fifty jobs. Quotes Mario Laframboise, MNA for Blainville "To increase their productivity and remain internationally competitive, companies must focus on innovation, exports and new digital technologies. APG Neuros and DCM Group have clearly understood this. That is why the Government of Quebec is proud to spport them in completing their investment projects, which will no doubt help them take advantage of more business opportunities in Quebec and abroad." Pierre Fitzgibbon, Minister of Economy and Innovation and Minister Responsible for the Lanaudière Region "By helping businesses invest in equipment and devices that will improve their performance and in marketing strategies that will assist their entry into new markets, the Government of Canada is standing by its commitments to drive expansion, innovation and exports." Ramez Ayoub, Member of Parliament for Thérèse-De Blainville "Our government is empowering Canadians to become more competitive and prosper in the global economy. The investments announced today in APG Neuros' and DCM Group's projects are consistent with Canada's competitive advantages through the use of digital technologies and will stimulate economic growth. They will also create good jobs for middle-class Canadians." The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for CED "Investissement Québec is proud to support APG Neuros in this important stage of its development. Owing to its expertise and enviable reputation in the high-efficiency turbo blower sector, we are convinced that the company will be able to continue to compete and grow rapidly in the coming years." Pierre Gabriel Côté, President and CEO, Investissement Québec Quick facts
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SOURCE Canada Economic Development for Quebec Regions |