Member for Hull Suzanne Tremblay, on behalf of Minister of Economy, Innovation and Energy and Minister Responsible for Regional Economic Development Christine Fréchette; Member of Parliament for Argenteuil‒La Petite-Nation and Parliamentary Secretary to the Minister of Citizens' Services Stéphane Lauzon, on behalf of Minister of Tourism and Minister responsible for Canada Economic Development for Quebec Regions (CED) the Honourable Pascale St‑Onge; and Investissement Québec are announcing a total of $4.14 million in loans to Gatineau's Imprimerie Gauvin.
This funding will help the business add a full ink-jet colour printing line with highly automated finishing, as well as install new complementary production equipment. This project is estimated at $6.6 million.
As Quebec faces the threat of customs tariffs on all Canadian exports to the U.S., it is more necessary than ever to invest in the productivity of our small, medium-sized and large businesses. As a reminder, Investissement Québec, the Government of Quebec's financial arm, launched the Initiative grand V, which aims to stimulate investments and accelerate the shift towards innovation and sustainable productivity to propel the growth of homegrown businesses forward.
Quotes:
"Specializing in book printing since 1892, Imprimerie Gauvin has a wealth of know-how and technology adapted to today's book market. It is an honour today to announce that our government is contributing to its growth in the Outaouais region by investing over $3.5 million. This funding will, among other things, be used to add new production equipment. Imprimerie Gauvin will continue to be a core player in book printing for the largest publishing houses at home and abroad."
Suzanne Tremblay, Member for Hull
"The manufacturing industry is a pillar of our economy, which is why the Government of Canada is investing to ensure our SMEs remain competitive and innovative. Thanks to CED's support, Imprimerie Gauvin will be able to acquire digital equipment to increase its production capacity in its new facilities. Without a doubt, the spin-offs of this project will contribute to the economic vitality of Gatineau and the Greater Outaouais Area."
Stéphane Lauzon, Member of Parliament for Argenteuil‒La Petite-Nation and Parliamentary Secretary to the Minister of Citizens' Services
"Automation is one key enabling SMEs to increase their productivity and competitiveness. Imprimerie Gauvin's management team have understood this well. The business is presenting us with a project that will enable it to stand out among the competition and thereby maintain its position as a leader in its market. Our government is proud to contribute to its success with funding of over $3.5 million."
Christine Fréchette, Minister of Economy, Innovation and Energy and Minister Responsible for Regional Economic Development
"The financial support announced today illustrates the Government of Canada's commitment to the growth of regional businesses and the creation of jobs in our communities. By investing in Imprimerie Gauvin's project, we are helping to strengthen Quebec's manufacturing industry, which is essential to our collective prosperity. This project will not only improve the business's competitiveness, but also stimulate the regional economy."
The Honourable Pascale St-Onge, Minister of Tourism and Minister responsible for CED
"Imprimerie Gauvin illustrates the capacity Quebec businesses have to evolve in order to remain competitive and ensure their future. This strategic financial intervention by Investissement Québec fosters the business's commitment to innovation and productivity as sustainable levers of growth. We are proud to support this vision and to reaffirm our assistance for Imprimerie Gauvin."
Bicha Ngo, President and CEO, Investissement Québec
"Thanks to this strategic support from our financial partners, our ambitious automation project now positions us as an undisputed leader in colour and monochrome on-demand and short-run book printing. We are thus able to serve a clientele of publishers and academic presses, in Canada and internationally, by offering quality solutions with unique flexibility."
André Gauvin, Chief Executive Officer, and Patricia Latour, Assistant General Manager, Co-owners of Imprimerie Gauvin
Quick facts
- Created in 1892, Imprimerie Gauvin is a family business specializing in book printing for publishers and academic presses.
- The financial assistance includes a $1.50 million loan from Investissement Québec's capital funds, a $2.04 million loan under the ESSOR program, and a repayable contribution of $600,000 from CED provided under the Regional Economic Growth through Innovation program.
- The ESSOR program offers funding to Quebec businesses to, among other things, accelerate implementation of their investment projects.
- CED's Regional Economic Growth through Innovation program targets entrepreneurs leveraging innovation to grow their businesses and enhance their competitiveness, as well as regional economic stakeholders helping to create an entrepreneurial environment conducive to innovation and growth for all, across all regions.
