Canadian Manufacturing

Quebec’s Synapse Electronic to get $450K boost from feds

by Canadian Staff   

Canadian Manufacturing
Financing Procurement Small Business

Shawinigan company plans to invest in new automated production line

SHAWINIGAN, Que.—A Quebec electric circuitry manufacturer is getting a half-million dollars in assistance from the federal government.

Ottawa has announced it will provide Shawinigan, Que.’s Synapse Electronic with $450,000 through the Quebec Economic Development Program. The funds will be awarded in the form a repayable contribution and allow the company, which is foremost a thermostat maker, to invest in an automated production line for a new generation of the temperature-monitoring devices.

“By boosting its productivity and developing new markets, the company will generate impacts that will benefit the whole community and the entire region,” Fran├žois-Philippe Champagne, MP for Saint-Maurice-Champlain said.

The company employs 65, including a 10-person design team. With the funds, it expects to develop new markets across North America, allowing it to increase sales and create new jobs.



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