Foliot Furniture, PAMA Manufacturing, Trica and HUWIZ Solutions receive a total of $1.8 million from the Government of Canada to ensure their continued growth
SAINT-JÉRÔME, QC, Feb. 19, 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, generating growth that benefits both businesses and communities.
The Honourable Marc Garneau, Minister of Transport, announced that Foliot Furniture Inc., 8083851 Canada Inc. (PAMA Manufacturing), Trica Inc. and HUWIZ Solutions Inc. had been granted a total of $1,800,000 in financial assistance, in the form of repayable contributions.
The announcement, which took place at Foliot Furniture, was made on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for CED.
The funding provided under CED's Quebec Economic Development Program will allow the recipient businesses to carry out projects involving the enhancement of production capacity and productivity, innovation-based marketing, and equipment acquisition. In addition, over 150 high-quality jobs are expected to be created for middle-class Canadians.
Quotes
"I am proud of the Government of Canada's support for these four Laurentides-region businesses, known for their vitality, boldness and sense of innovation. The funding will allow them to continue to develop and generate economic growth and high-quality jobs."
The Honourable Marc Garneau, Minister of Transport
"By helping businesses invest in equipment and devices that will enhance their performance, and by promoting product marketing and market development projects, the Government of Canada is meeting its commitment to foster expansion, innovation and exports. I am also pleased to learn that these projects will create over 150 high-quality jobs in the Laurentides region."
The Honourable Navdeep Bains, Minister responsible for CED
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.
- For more information on CED's key directions until 2021, consult the Strategic Plan 2021 or visit www.dec-ced.gc.ca.
Related product
- For more details about the four projects, please refer to the attached backgrounder.
Backgrounder
| Proponent |
Contribution – Investment – Project description |
| Repayable contribution of $1,000,000 out of a total investment of $5,000,000
The goal of the project is to enhance the company's productivity and increase its production capacity by setting up a new ERP information management system.
A manufacturer of institutional furniture, Folio Furniture has been making beds, cupboards, desks, hutches, bookshelves, dressers, sofas, tables and chairs for student residences, military institutions, hotels and seniors' residences since 1992. Its products are mainly made from melamine, and meet the specific requirements of the institutional sector. The company employs just over 500 people at two production sites: a plant in Saint-Jérôme that employs about 350 people, and a plant in Las Vegas with approximately 150 employees. |
|
| 8083851 Canada Inc. (PAMA Manufacturing) |
Repayable contribution of $450,000 out of a total investment of almost $6,000,000
The project aims to support clean growth at PAMA Manufacturing through innovation and the marketing of the company's products and services in the U.S. Specifically, the project involves the construction of the new plant in Mirabel, as well as the acquisition of equipment, including equipment for recovering greenhouse gases generated by new sterilization services, and the implementation of a marketing plan that will allow the company to penetrate the U.S. market.
Created in 2012, PAMA Manufacturing employs 23 people at the plant built in Mirabel under this project. The company manufactures and assembles disposable medical supplies for use in operating rooms (for biopsies, epidurals, hemodialysis, catheters, etc.). |
| Repayable contribution of $250,000 out of a total investment of $500,000
The goal of the project is to improve the company's productivity and increase its production capacity through the acquisition of digital production equipment.
Founded in 1990, Trica produces regular and high-end contemporary residential furniture that it sells to Canadian and U.S. furniture retailers and distributors. The company, which is located in Saint‑Jérôme, employs 115 people in a 120,000 sq. ft. plant. |
|
| Repayable contribution of $100,000 out of a total investment of $511,000
The project involves the start-up of HUWIZ Solutions Inc., a company in the video game and computer application sector. Specifically, it includes equipment acquisition and installation, the hiring of specialized resources, the acquisition of furnishings, and leasing and legal fees.
Incorporated in April 2017, HUWIZ Solutions Inc. is a start-up company that is in line with the value chain of the video game, mobile gaming, software and computer application industry. It provides quality assurance testing and project management services, as well as focus groups for Web, mobile and computer application developers and editors. |
|
| Summary
|
|
Stay connected
- Follow CED on Twitter, LinkedIn and YouTube
- Follow Foliot Furniture on Facebook, Twitter and LinkedIn
- Follow PAMA Manufacturing on Facebook and LinkedIn
- Follow HUWIZ Solutions on Facebook and LinkedIn
SOURCE Canada Economic Development for Quebec Regions
Media Relations, Canada Economic Development for Quebec Regions, 514-283-7443, [email protected]
Share this article