Gatineau the company receives $267,000 in financial assistance from CED.
GATINEAUQC, May 9, 2022 /CNW Telbec/ – Canada Economic Development for Quebec Regions (CED)
Supporting the growth of SMEs through the adoption of advanced and digital technologies contributes to the economic development of of Quebec Regions. This is why Greg Fergus, MNA for Hull–Aylmer and Parliamentary Secretary to the Prime Minister and President of the Treasury Board, on behalf of the Honorable Pascale St-Onge, Minister of Sports and Minister responsible for CED, announced today today a repayable contribution of $267,000 for Flash Bolts. This support from CED will enable the company to increase its manufacturing capacity.
Bolts Éclair specializes in the custom manufacturing of bolts and anchors. To be more autonomous, better control its costs, provide better quality products and improve its delivery times, the Gatineau the company will be able to acquire and install production equipment and thus become less dependent on external suppliers. This project will support economic diversification in Gatineau and strengthen the entrepreneurial and industrial fabric of the entire region.
The government of Canada recognizes and supports businesses and organizations that are a source of pride in their communities. of Quebec economic recovery relies on organizations that are well anchored in the regional economy. They are major contributors to growth, as well as essential assets for rebuilding a stronger, more resilient, greener and fairer economy for all.
“Today’s announcement is further proof that the Government of from Canada commitment to from Gatineau manufacturing companies, which are part of our economic recovery plan. By helping them to continue their activities and stimulating their growth, the government is working to ensure of Quebec manufacturing industry plays a major role in from Canada economic recovery. »
Greg Fergus, MP for Hull–Aylmer and Parliamentary Secretary to the Prime Minister and President of the Treasury Board
“It is SMEs that promote economic development and the diversification of communities. That’s why we help them grow strategically, to build a stronger, more resilient economy. I am therefore delighted with our government’s support for the Boulons Éclair project. The success and spinoffs generated by its project to increase its production capacity will contribute to the economic vitality of the region. Congratulations to the Boulons Éclair team!”
The Honorable Pascale St-Onge, MNA for Brome–Missisquoi, Minister of Sports and Minister responsible for CED
“This contribution from CED allows us to acquire automated production equipment that will greatly increase our manufacturing capacity. This will allow us to guarantee the quality of our products and our fast delivery times. Our goal is to quickly position ourselves as a leader in our industry. We are very proud of this project and the benefits it will generate. In addition to the jobs we create, we will be able to provide a competitive advantage to our customers through Canada and the United States”
Vincent Gauthier, President, Boulons Éclair
The funds were granted under CED’s Regional Economic Growth through Innovation program. This program is aimed at entrepreneurs who rely on innovation to grow their business and increase their competitiveness, as well as regional economic actors contributing to creating an entrepreneurial environment conducive to innovation and growth for all, in all the regions.
SMEs account for 99.7% of Quebec businesses and contribute 50% of the province’s GDP.
CED is a key federal partner in of Quebec regional economic development. With its 12 regional business offices, CED supports businesses, support organizations and all regions of Quebec in tomorrow’s economy.
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SOURCE Canada Economic Development for Quebec Regions
View original content: http://www.newswire.ca/en/releases/archive/May2022/09/c3124.html