Ottawa pledges $600K for panel and chassis manufacturer
Ottawa announced $600,000 in financial support for Armorteck Inc., a company specializing in manufacturing high-end closed trailers with composite panels and aluminum chassis for the U.S. market.
“The Government of Canada has a mission to accompany our regions’ businesses into tomorrow’s economy and help them seize business opportunities. That is why I am proud to announce financial support for Magog-based Armorteck. By backing this new project, we are ensuring an inclusive, sustainable recovery and the creation of good jobs in the Cantons-de-l’Est region.” said Lyne Bessette, MP for Brome–Missisquoi, Que.
This repayable contribution will enable it to acquire production and handling equipment, along with computer equipment, and to implement its marketing plan in the U.S.
“The Government of Canada has a priority to ensure communities prosper. That is why we support small and medium-sized enterprises in their start-up projects. Our SMEs are the engine of our communities and the backbone of our economy, creating and maintaining good local job and guaranteeing regional vitality. It is our duty to accompany them so that our economy can come back even stronger.” added Mélanie Joly, MP for Ahuntsic-Cartierville, Minister of Economic Development and Official Languages and Minister responsible for CED.