Federal government gives Quebec dairy co-op a financial boost
A $1 million repayable contribution will help Nutrinor Coopérative expand and upgrade its plant in Quebec
Alma, Que. – The Canada Economic Development (CED) for Quebec Regions has awarded $1 million in financial assistance to Nutrinor Coopérative.
In a statement, the federal government office says the funding is a repayable contribution made through CED’s Quebec Economic Development Program.
The funding will go toward expanding Nutrinor Coopérative’s plant in Alma and helping the company acquire new equipment.
Nutrinor is one of the five largest food cooperatives in Quebec, says the statement, and has 965 active members.
“The Government of Canada is determined to help Canadian businesses expand by making investments that support their productivity and help them diversify their activities,” says Denis Lemieux, member of Parliament for Chicoutimi-Le Fjord, in the statement.
“I am very pleased to announce our support for Nutrinor, which can now continue to grow.”
The statement explains that Nutrinor has been expanding the dairy processing plant and installing a new production line to help the company develop new products and “diversify its dairy processing activities to provide niche products and improve its position in the marketplace.”
The whole project will also help create new jobs for the Saguenay-Lac-Saint-Jean region.