Canada Economic Development for Quebec Regions (CED) has awarded grants valued at $801,500 in support for three regional businesses In the Cantons-de-l’Est region of Quebec. ACTIV Foods, popularly known as Happy Yak, has received $166,500.
The CED assistance for Happy Yak will focus on the acquisition of advanced processing equipment and the costs related to the purchase and installation of an ERP system. This project, aimed at expanding the business by increasing its capacity to produce freeze-dried meals and meal components, will lead to the creation and maintenance of four jobs.
In addition, machine shop Eddynet will receive $435,000 enabling the business to acquire production equipment (laser cutter, CNC milling machine, CNC folding press, welding robot and various pieces of assembly equipment).
Kitchen builder Cuisine Idéale Cabinet will receive $200,000. that will enable the business to acquire digital production equipment (gluing machine and conveyor).
CED is a federal partner in Quebec’s regional economic development. With its 12 regional business offices, CED accompanies businesses, supporting organizations and all regions across Quebec into tomorrow’s economy.
The contributions given to these three SMEs have been granted under the Regional Economic Growth through Innovation program, which aims to support Quebec SMEs as they develop through innovation, among other things.
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