Nearly $810,000 awarded to Storcan to boost its productivity and its presence in the North American market
These initiatives will enable Storcan to continue its growth and the development of its Canada team
March 20, 2019
The governments of Quebec and Canada as well as Investissement Québec award financial assistance totalling nearly $810,000 to the company Storcan for supporting projects that represent investments estimated at $4.5 million. These initiatives will enable the company to continue its growth and the development of its team by creating roughly 10 jobs in Montérégie.
The goal of the initiatives is to purchase digital equipment and corporate management systems enabling Storcan increase its productivity and optimize its relationships with clients. The company also wants to implement a marketing strategy to strengthen its presence in the North American market.
Therefore, the Government of Quebec, through the Export Program (PEX), is providing Storcan with a financial contribution of $50,000 to support its export-related activities. It is also awarding the company financial contributions totalling $26,022, through the PME en action program. These will support the installation of a digital system (CRM) for optimizing management of the company’s relationships with clients, and will also contribute to a feasibility study for Storcan to adopt a resource management system (ERP). Also, through the Concertation pour l’emploi measure, the Government of Quebec is providing the company with $21,912 for human resource management support. Financial assistance of $11,740 from the Mesure de formation de la main‑d’oeuvre is also being awarded for this project.
In addition, Investissement Québec is awarding a $500,000 loan from its own funds to provide the company with the leeway needed for its marketing efforts in the United States and Ontario.
The Government of Canada is providing a repayable financial contribution of $200,000. That funding, awarded under the Regional Economic Growth through Innovation (REGI) program by Canada Economic Development for Quebec Regions (CED), will help improve Storcan’s competitiveness especially by increasing its productivity through the purchase and installation of specialized digital equipment.
Ms. MarieChantal Chassé, Member for Châteauguay, on behalf of Mr. Pierre Fitzgibbon, Minister of Economy and Innovation and Minister responsible for the Lanaudière region, and Ms. Brenda Shanahan, Member of Parliament for Châteauguay–Lacolle, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for CED, announced that funding.
Storcan’s CEO, Jean-Martin Savoie, meanwhile, announced the construction of a new head office in the industrial park of Châteauguay, just a few hundred meters from the current location. This new building will allow Storcan to offer a better working environment to our current and future employees, as well as a show room and testing space for our clients.