Federal government announces $3M in funding for Lacus Innovations
by CM Staff
This CED funding will allow the business to support the start-up of its plant and acquire and install automated manufacturing equipment.
LACHUTE — On Jul. 5, Stéphane Lauzon, Member of Parliament for Argenteuil–La Petite-Nation announced a repayable contribution of $3 million for Lacus Innovations. This CED funding will allow the business to support the start-up of its plant and acquire and install automated manufacturing equipment.
Founded in 2021, Lacus Innovations is a start-up that specializes in the manufacture of spas and plastic parts for swimming pools and spas. The company is owned by Trévi Investments Inc., and the majority of its production will be sold to the Trévi group. The project will create approximately 150 jobs over the next two years.
“Today’s announcement is proof once again of the Government of Canada’s commitment to Lachute’s manufacturing businesses, in line with our economic recovery plan. By assisting these businesses in the pursuit of their operations and by fostering their growth, the government is helping to ensure that Quebec’s manufacturing industry plays a major role in Canada’s economic recovery.” said Stéphane Lauzon, MP for Argenteuil–La Petite-Nation and Parliamentary Secretary to the Minister of Rural Economic Development.
“Besides providing good jobs, the manufacturing industry is a significant contributor to economic growth in Quebec. It is an essential link in the regions’ development and is part of our economic recovery plan. With the help of our government’s funding, Lacus Innovations will be able to purchase the automated equipment it needs to start up its production line. Its project not only contributes to the economic vitality of Lachute and the Laurentides region, it will also allow the entire country to benefit from its success and spinoffs.” said Pascale St-Onge, Member of Parliament for Brome–Missisquoi, Minister of Sport and Minister responsible for CED.