A business in Crabtree will be able to launch an important equipment acquisition project

Government of Canada to provide over $450,000 in funding to APF Villeneuve

CRABTREE, QC, Dec. 18, 2017 /CNW Telbec/ - Canada Economic Development for Quebec Regions (CED)

A business in the Lanaudière region will receive financial support from Canada Economic Development for Quebec Regions to carry out an innovation project. Thanks to CED's $461,835 in financial assistance, APF Villeneuve will be able to purchase leading-edge equipment which will increase its productivity. The project supported by CED will generate nearly $900,000 in total investments.

This funding was announced today by the Member of Parliament for LaSalle-Émard-Verdun and Parliamentary Secretary to the Minister of Innovation, Science and Economic Development, David Lametti, on behalf of the Minister of Innovation, Science and Economic Development and Minister responsible for CED, the Honourable Navdeep Bains. The funds are a repayable contribution made as part of CED's Quebec Economic Development Program.

This financial assistance will enable APF Villeneuve to purchase a digitally controlled robotic machining cell to cut, turn and bore complex parts with high precision. The business will therefore be able to make technological advances and prepare for the emergence of new practices in the industry.

Businesses need to be able to rely on adequate resources in order to launch and carry out innovative projects. To that 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 the growth that benefits both businesses and communities.

Quotes

"APF Villeneuve is a business which actively contributes to the economic vitality of the Lanaudière region. I am proud of the Government of Canada's support of innovative projects which are synonymous with success for businesspeople and growth for the Canadian economy."

David Lametti, Member of Parliament for LaSalle-Émard-Verdun and Parliamentary Secretary to the Minister of Innovation, Science and Economic Development

"As Minister of Innovation, Science and Economic Development, my goal is to help businesses grow and innovate so that they can increase their competitiveness in the marketplace, and create good quality jobs and wealth for Canadians. That is why we support businesses such as APF Villeneuve, whose successes reflect on the region and the Canadian economy as a whole."

The Honourable Navdeep Bains, Minister responsible for CED

"APF Villeneuve, a well-established business in the mechanical manufacturing sector since 1989, was ready to take the next step and shift into a higher gear. We are very pleased with CED's contribution which will enable us to carry out our modernization project and generate positive outcomes for our business."

Érick Villeneuve, President of APF Villeneuve

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 Strategic Plan 2021 or visit http://www.dec-ced.gc.ca.

Stay connected
Follow CED on Twitter, LinkedIn and YouTube

SOURCE Canada Economic Development for Quebec Regions