Canada and Quebec announce funding to Bel Canada for cheese production plant
The Government of Quebec and the Government of Canada have awarded $20 million and $2.7 million, respectively, to Bel Canada, as part of an $87 million construction project for a Mini Babybel
The Government of Quebec and the Government of Canada have awarded $20 million and $2.7 million, respectively, to Bel Canada, as part of an $87 million construction project for a Mini Babybel® cheese production plant in Sorel-Tracy, in Montérégie. In all, 170 jobs will be created, around 80% of which will be in Sorel-Tracy and 20% in the company's head office in Montréal.
Stéphane Billette, Minister for Small and Medium Enterprises, Regulatory Streamlining and Regional Economic Development, acting on behalf of Dominique Anglade, Deputy Premier, Minister of Economy, Science and Innovation and Minister responsible for the Digital Strategy, and Brenda Shanahan, Member of Parliament for Châteauguay–Lacolle, acting on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for Canada Economic Development for Quebec Regions (CED), made the announcement today.
The government assistance is broken down as follows: the ministère de l'Économie, de la Science et de l'Innovation has granted a $15 million loan and a $5 million non-repayable contribution through the ESSOR program. CED has awarded a repayable contribution of $2.7 million through the Quebec Economic Development Program.
These major investments will help the company build a state-of-the-art cheese production plant and acquire production equipment, as well as cover the project engineering costs.