The Kamouraska RCM's Fonds d'investissement local will be able to roll out its circular economic development model

Government of Canada provides financial assistance for Bas-Saint-Laurent organization

SAINT-PASCAL, QC, April 21, 2017 /CNW Telbec/ - Canada Economic Development for Quebec Regions (CED)

Environmental protection and economic growth go hand in hand. Now that communities are building on innovation to diversify themselves strategically and develop lasting regional competitive advantages, they are looking for new ways to expand and green their economies, while creating opportunities for their citizens. As such, support for community transition and diversification is a priority for the Government of Canada.

The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for CED, announced that the Kamouraska RCM's Fond d'investissement local (FIL) has been granted $75,000 in financial assistance, in the form of a non-repayable contribution, to roll out a circular economic development model in the region.

For 20 years, the FIL has been developing and supporting entrepreneurship to create and maintain jobs in the RCM by investing in local businesses through loans. The concept of a circular economy is in line with sustainable development. The goal is to produce goods and services, while limiting consumption and the waste of raw materials, water and energy sources.

The funding granted through CED's Quebec Economic Development Program (QEDP) will help the FIL build a network of some 30 businesses in the Kamouraska RCM in order to roll out a development model enabling them to improve their competitiveness and develop the ability to innovate, while limiting the impact on the environment.

CED is one of six regional development agencies under the responsibility of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development.

Quotes

"We have to create the sustainable prosperity needed by middle class families. As the Minister of Innovation, Science and Economic Development, my goal is to help enterprises grow and innovate so that they can create good quality jobs and wealth for Canadians. That is why we support regional economic development partners such as the Fonds d'investissement local in the Kamouraska RCM."

The Honourable Navdeep Bains, Minister responsible for CED

"The adoption of a more moderate economic model with respect to resource use is a major issue, but also represents development opportunities, and that is the perspective from which the Kamouraska RCM is considering this project. CED's contribution is helping us continue to be a driver and a showcase for the innovative practices of economically responsible entrepreneurship."

Gervais Darisse, President of the Fonds d'investissement local (FIL) of the Kamouraska RCM

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SOURCE Canada Economic Development for Quebec Regions

Media Relations, Canada Economic Development, for Quebec Regions, Tel.: [phone], Email: [email protected]