CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

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CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

Investissement Québec loans $7.5 million to manufacturing SMEs

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Investissement Québec’s Productivity Innovation Initiative has announced a $7.5 million loan to aerospace supplier APN Global and Liggo, a startup that develops production management technology.

The repayable loan will support APN as it continues to automate its processes and implement Liggo’s shopfloor-to-cloud monitoring and management software. It will also help Liggo continue its development with manufacturing SMEs.

This loan is in addition to financial assistance already granted by Investissement Québec, and brings the total assistance to $20 million.

“This is a major step in the goal of increasing the productivity of Québec companies and promoting economic recovery, while supporting Québec technology startups,” Investissement Québec said in announcing the loan.

Additional financial support of $132,122 granted by the Ministry of Labour, Employment and Social Solidarity will enable APN to create or maintain 159 jobs over the next three years.

Photo: (from left) Jean-François Talbot, Investissement Québec regional director, National Capital Region, Lucie Lecours, minister responsible for the economy, Liggo general manager Antione Proteau and APN president Yves Proteau. Photo Investissement Québec.

Read the full announcement.

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