Canada and Quebec grant $4M in support for DE LA FONTAINE to accelerate production

SHERBROOKE — The governments of Canada and Quebec are granting a total of $4 million to DE LA FONTAINE to acquire automated and digital equipment enabling it to automate its full production line, with a focus on the folding and shaping steps and various cutting and gluing phases. To install the new equipment on the main floor, a second floor will be added onto the current building for administrative offices.

The aim of this investment project, valued at over $11.5 million, is to enable the business—which specializes in manufacturing steel doors and frames—to increase production to meet the demand.

As part of this project, the Government of Canada is granting a repayable contribution of $1 million under CED’s Regional Economic Growth through Innovation program. For its part, the Government of Quebec is granting $3 million through the Appui aux projets d’investissement favorisant la productivité et l’expansion des entreprises component of the ESSOR program, managed by Investissement Québec as the government’s representative.

“We are helping businesses equip themselves with what they need to remain competitive, prosper, and create good jobs,” said Élisabeth Brière, Member of Parliament for Sherbrooke and Parliamentary Secretary to the Minister of Mental Health and Addictions and Associate Minister of Health. “Thanks to our government’s financial assistance, DE LA FONTAINE will be able to strengthen its position in the industry and on the markets, which will also help stimulate the regional economy. This support will thus benefit the entire Sherbrooke region and enable the Canadian economy to bounce back even stronger than before.”