Gatineau business receives
$200,000 in financial assistance
from CED.
GATINEAU, QC, July 17,
2024 /CNW/ - Canada Economic Development
for Quebec Regions (CED)
Supporting manufacturing businesses contributes to economic
development in Quebec's regions. That is why
Sophie Chatel, Member of Parliament for Pontiac,
today announced, on behalf of the Honourable
Soraya Martinez Ferrada, Minister of Tourism
and Minister responsible for CED, a repayable
contribution of $200,000 for Structures KSM.
This CED support will enable the Gatineau SME
to increase its productivity
and competitiveness.
Structures KSM (12165333 Canada Inc.) is a
manufacturing business that specializes in the production of
roof trusses mainly for the residential construction
sector. The business purchases its raw materials directly
from Quebec sawmills and sells its assembled
roof trusses that are ready to install on
construction sites.
CED's contribution has enabled Structures KSM
to acquire and install specialized equipment, including
an A4 automated saw and the software required for
its use. With this equipment, the business
will be able to lighten the physical workload of
its employees assigned to cutting and tagging wood
and reduce the risk of injury, while also improving
productivity.
The Government of Canada
recognizes and supports businesses and organizations that are a
source of pride in their communities. Quebec's economic growth relies on
organizations with strong roots in the regional economy; they are
key assets in building a sustainable, inclusive economy.
Quotes
"By investing in Structures KSM's project to acquire automated
equipment, we are following through on our commitments and helping
businesses to grow, innovate and export their products.
By creating quality jobs, our businesses are thereby
ensuring the Canadian economy prospers."
Sophie Chatel,
Member of Parliament for Pontiac
"The manufacturing industry is a pillar of our economy,
which is why our government is investing
to ensure our SMEs remain competitive
and innovative. Thanks to CED's support,
Structures KSM will increase its capacity
to produce roof trusses by purchasing automated
equipment. The success and spin‑offs of this project
will contribute to the economic vitality of Gatineau and the greater Outaouais
region."
The Honourable Soraya Martinez Ferrada,
Minister of Tourism and
Minister responsible for CED
"KSM thanks CED for this financial contribution.
Our company is determined to constantly improve
its effectiveness, efficiency, and the quality of
its products. In addition to benefiting
the environment, by reducing the loss of timber,
acquiring this new equipment will improve the health
and safety of our employees and increase the precision of
our work, so we can then offer better-quality
products to clients. The entire team is enthusiastic
about being able to receive the A4 automated saw
very soon."
Sébastien Lavoie, Vice-President and Owner,
Structures KSM
Quick facts
- The funds have been granted under CED's Regional Economic
Growth through Innovation program. This program targets
entrepreneurs leveraging innovation to grow their businesses and
enhance their competitiveness, as well as regional economic
stakeholders helping to create an entrepreneurial environment
conducive to innovation and growth for all, across all
regions.
- In Quebec, SMEs account for
99.7% of the province's businesses and 50% of its GDP.
- CED is the key federal partner in Quebec's regional economic development. With
its 12 regional business offices, CED accompanies businesses,
supporting organizations and all regions across Quebec into tomorrow's economy.
Associated links
- Structures KSM
- CED funding initiatives and programs
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SOURCE Canada Economic Development for Quebec Regions