Clortech Tools, a small and mid-sized family-owned company in Quebec, has received a total of $812,500 from the federal and provincial governments to add to their project investment to acquire equipment that will increase their production capacity. A repayable contribution of $250,000 will come from the Canada Economic Development for Quebec Regions. The Quebec government will provide $562,500 in loans from its ESSOR program and from Investissement Québec. These funds, which boosted project investment to $1.3 million, are intended to help the innovative manufacturing sector. The funds are to acquire eight-axis numerically controlled grinding machine to serve Clortech’s clientele in the aerospace, marine, military, automobile and pharmaceutical sectors. Among its clients are Bombardier and Pratt & Whitney.
Access to innovation spurs regional diversification and growth By: Dr. Mehdi Sheikhzadeh, Executive Dean, Applied Research & Innovation, Lambton College
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