Two local businesses are receiving a financial boost. Glengarry-Prescott-Russell MP, Francis Drouin along with John Candie of the Prescott-Russell Community Development Corporation (PRCDC) presented two grants to two Hawkesbury-based companies, CSurf Board Shop Inc.and Tulmar Safety Systems Inc.
“Today’s announcement is a great example of how innovation is essential to economic growth. These companies will be able to enhance and expand their services, create jobs and support growth for the middle class” said Drouin.
The funds were provided through the East Ontario Development Provincial (EODC). CSurf Board Shop received $48,050 to help finance the expansion of its showroom, its promotion efforts and the purchase of production equipment. The goal of the project is to increase the production of manufactured products as well as the distribution network for products sold exclusively in Canada by CSurf. The total project cost is $146,500 and two new positions and the increase of production and sales will be the outcome of this project.
As for Tulmar, which just celebrated its 25th anniversary this year, it will be receiving $24,000 to help finance a $294,578 project to modernize a cutting and conveyor system. The existing system is 10 years old and has resulted in several downtimes, requiring repairs and excessive maintenance. The new technology (software) will make the cutting and conveyor procedures much more efficient, quick and will reduce material losses. The project will result in creating one new position and maintaining two existing ones.
“This contribution to our local businesses is a good example of the remarkable economic growth potential in Prescott-Russell,” explained Sylvain Charlebois, Chair of the Prescott-Russell Community Development Corporation. “The FedDev Ontario investment, made through the Eastern Ontario Development Program, will have a direct impact on job creation and growth opportunities for these businesses”.