Services industriels mauriciens will be able to increase its productivity and pursue its expansion

The Government of Canada provides financial assistance for this Trois-Rivières business

TROIS-RIVIÈRES, QC, Oct. 5, 2018 /CNW Telbec/ - Canada Economic Development for Quebec Regions (CED)

In order to create and market innovative products, businesses need to be able to rely on adequate resources. To this end, the Government of Canada is committed to supporting innovative Canadian businesses. A driving force of the economy, innovation is the key to success because it generates growth that benefits both businesses and communities.

The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for CED, announced that Services industriels mauriciens Lltd. (SIM) [website in French] has been awarded $545,000 in financial assistance, in the form of a repayable contribution, to enhance its productivity and foster its expansion.

Founded in 1995, SIM provides cutting and repair services for metal parts of various sizes, for large businesses including aluminum plants, pulp and paper mills and other manufacturing companies in the farming, mining, manufacturing, food and construction sectors.

The funding, provided through CED's Quebec Economic Development Program, will allow Services industriels mauriciens to acquire automated production equipment, including a laser-cutting machine.

Quotes

"Through this support for Services industriels mauriciens, the Government of Canada is once again demonstrating its commitment to the economic development of the regions of Quebec. We are determined to support entrepreneurs and encourage them to invest in order to ensure their growth and that of the Canadian economy."
The Honourable Navdeep Bains, Minister responsible for CED

"I would like to congratulate the entire team of Services industriels mauriciens for this investment in state-of-the-art technology that will allow the business to enhance its production capacity and foster its growth. Our government stands behind bold businesses like SIM that have a vision for developing their markets and increasing their productivity."
The Honourable François-Philippe Champagne, MP for Saint-Maurice–Champlain and Minister of Infrastructure and Communities

Quick facts

• CED is one of the six regional development agencies under the responsibility of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development.
• The year 2018 marks the 50th anniversary of federal regional economic development in Quebec: half a century of concrete action targeting the growth of Quebec's regions and businesses.
• To find out more about CED and its priorities, see the 2018–2019 Departmental Plan or visit www.dec-ced.gc.ca.

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SOURCE Canada Economic Development for Quebec Regions