Canada invests in Arseno’s growth
by CM staff
In Quebec, SMEs account for 99.7 per cent of the province's businesses and 50 per cent of its GDP.
MATANE — Canada Economic Development for Quebec Regions (CED)
Supporting SME growth contributes to economic development in Quebec’s regions with a repayable contribution of $100,610 for Arseno.
This CED support will enable the business to increase its productivity and boost its growth through the acquisition and installation of automated screen printing equipment.
Arseno manufactures essential personalized clothing for employees and to promote company brands. CED’s assistance will enable it to add a second screen printing station. The SME will thus be able to increase its volume of orders and significantly expand its productivity and production capacity.
“The manufacturing industry is a pillar of our economy, which is why our government has committed to making investments to ensure our SMEs remain competitive and innovative,” said Pascale St-Onge, Member of Parliament for Brome–Missisquoi, Minister of Sport and Minister responsible for CED. “Thanks to CED’s support, Arseno has acquired automated screen-printing equipment that will enable it to grow. The success and spin-offs of this project will contribute to the economic vitality of Matane and the greater Bas Saint Laurent region.”
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.
