Quebec and federal government grant total of $13M to Quali-T-Group for a new factory
by CM Staff
This project will enable QTG to centralize the activities of its two factories, Quali-T-Tube and Quali–T–Fab, into a more modern and better-performing facility.
BROMONT — The governments of Quebec and Canada are granting a total of $13 million in financial assistance to Quali-T-Group (QTG) to build a new factory in Bromont, in the Montérégie region. This investment project, valued at nearly $19 million, also involves the acquisition of equipment to enhance the business’s competitiveness.
The Minister for the Economy, Lucie Lecours, and the Member for Brome-Missisquoi, Minister for Education and Minister Responsible for the Status of Women, Isabelle Charest, made the announcement on Apr. 7 with Pablo Rodriguez, and the federal Member of Parliament for Brome–Missisquoi, Lyne Bessette.
This project will enable QTG to centralize the activities of its two factories, Quali-T-Tube and Quali–T–Fab, into a more modern and better-performing facility. This initiative will also strengthen 43 jobs within the business and will create 14 new ones.
The Government of Quebec’s assistance, totalling $11 million, is divided into two loans: A $6-million loan is being granted through the Ministère de l’Économie et de l’Innovation’s ESSOR program, including $1 million that can be forgiven if certain conditions are met, and a $5-million loan is being issued from Investissement Québec’s own funds. For its part, CED is granting a $2-million repayable contribution through the Regional Economic Growth through Innovation program.
“This past year has not been easy, but the federal government has been here to help our businesses and to protect our jobs by leveraging innovation, new technologies and the green shift. By assisting Quali-T-Group, that is exactly what we are doing today. Building this new factory will create very good jobs for families in Bromont and the region.” said Pablo Rodriguez, Member of Parliament for Honoré-Mercier.
