Federal government invests $40M in Quebec cleantech projects
by CM Staff
CED grants $950,000 in financial support to Sherbrooke OEM.
SHERBROOKE — In the coming weeks, Pascale St-Onge, Minister of Sport and Minister responsible for CED, will confirm a total of nearly $40 million in investments in over 20 projects by Quebec businesses and organizations that hopes to contribute to the economy of tomorrow. These are strategic investments in projects that will make it possible to reduce Canada’s environmental impact and foster a green, resilient economy.
On Feb. 7, Minister St Onge joined her colleague Élisabeth Brière, Member of Parliament for Sherbrooke and Parliamentary Secretary to the Minister of Mental Health and Addictions and Associate Minister of Health, to announce a repayable contribution of $950,000 for Sherbrooke OEM as part of these investments. This funding will enable the Cantons-de-l’Est business to improve its productivity and production capacity.
Sherbrooke OEM is a leader in the field of recycling, specializing in the design, manufacture, and integration of custom-made recycling equipment such as conveyors, trommels, optical sorting systems, and cardboard and fibre separators.
This family business, which began operating in 1997, has since been successful in the field of recycling in Canada and the United States. Through this funding, Sherbrooke OEM will acquire a fully automated digital laser-cutting system. With this new equipment, the business will be able to reduce losses and generate savings, as well as reassign employees to higher value-added tasks.
“Our government recognizes the importance of the manufacturing sector as a priority to ensure our communities prosper. Small and medium sized businesses are an integral part of our plan for a green, sustainable economic recovery. That is why CED is supporting Sherbrooke OEM in its efforts to boost its productivity, increase its production capacity, and support the collective effort to reduce greenhouse gas emissions. This SME is a major contributor to Sherbrooke’s economic vitality, and the success of its project will reverberate right across the region.” said Pascale St-Onge, MP for Brome–Missisquoi, Minister of Sport and Minister responsible of CED.