Lanthier Bakery is a highly innovative manufacturer of brioche dough products. To maintain its momentum, it will receive a repayable contribution of $2 million from Canada Economic Development for Quebec Regions. With this financial assistance, the business will be able to expand and renovate its plant, as well as modernize a new digital production line.
The funding was announced today by Francis Scarpaleggia, Member of Parliament for Lac-Saint-Louis. More specifically, the Government of Canada’s support will allow Lanthier Bakery to increase its productivity through the purchase of state-of-the-art equipment, including wrapping and packaging systems, an unmoulding island, a slicer, mixers, automatic mixing systems, an oven and cooling towers.
Founded in 1932, Lanthier Bakery is a family-owned business located in Alexandria, Ontario. In 1985, it set up a second production plant in Baie-D’Urfé, on the Island of Montréal, where it makes bread using traditional recipes. In 2016, in cooperation with its principal shareholder, France-based La Fournée Dorée, Lanthier Bakery developed a new range of brioche breads – a niche product – and now aims to specialize in this niche market, where demand continues to grow.
The Government of Canada is committed to supporting innovative Canadian businesses. A driving force of the economy, innovation is the key to success because it generates growth that benefits both businesses and communities. This is why we are committed to ensuring that businesses are able to rely on adequate resources to create and market innovative products.
Today’s announcement was made on behalf of the Honourable Navdeep Bains, Minister responsible for the Innovation, Science and Economic Development portfolio, which is made up of 17 federal departments and agencies, including CED and the other five regional development agencies.
The funding was awarded under CED’s Regional Economic Growth through Innovation program. This program targets entrepreneurs who leverage innovation to grow their businesses and make them more competitive, as well as regional economic stakeholders who help create an entrepreneurial environment conducive to innovation and inclusive growth in all regions.