Minister Pascale St-Onge Highlights Budget 2022 Investments That Contribute to a Strong, Growing and Resilient Economy

SHERBROOKE, QC, April 14, 2022 /CNW Telbec/ – Canada Economic Development for Quebec Regions (CED) – By Budget 2022: A plan to grow our economy and make life more affordable, the government of Canada makes targeted and responsible investments to create good jobs, grow our economy and build a Canada where no one is left behind.

Today, the Minister of Sports and Minister responsible for Canada Economic Development for Quebec Regions (CED), the Honorable Pascale St-Onge, was in the Eastern Townships region. During a visit to the Amecci in the company of Élisabeth Brière, MP for Sherbrooke and Parliamentary Secretary to the Minister of Mental Health and Addictions and Associate Minister of Health, she highlighted Budget 2022 investments that will help build a strong, growing and resilient economy. She also took the opportunity to announce a repayable contribution of $221,250 of CED for the family business. This contribution will allow Amecci to acquire a new laser cutter and make leasehold improvements to increase its productivity and pursue its growth.

The three pillars of the 2022 budget

The first pillar of the budget is investing in Canadians and making life more affordable. Budget 2022 housing measures will put Canada on track to doubling housing construction over the next decade; helping Canadians save and buy their first home; prohibit foreign investment in Canadian housing; and curbing unfair practices that make housing more expensive for Canadians. Budget 2022 also invests to ensure Canadian workers have the skills they need for the well-paying jobs of today and tomorrow, and will make it easier for the skilled immigrants our economy needs to Canada their house. The budget makes other important investments in affordable child care, in our public health care system, and in promoting reconciliation with Indigenous peoples.

Second, Budget 2022 invests in economic growth and innovation, the key to from Canada long-term prosperity. This includes the launch of a new, world-class Canada Growth Fund that will attract tens of billions of dollars of private investment into Canadian industries and Canadian jobs, and a new innovation and investment agency that will help stimulate productivity and growth in our economy. The budget also proposes to implement from Canada first strategy on critical minerals – a strategy that will create thousands of good jobs and capitalize on a growing need for minerals used in everything from phones to electric cars. The measures also include steps to build more resilient supply chains and to reduce taxes for from Canada growing small businesses.

The third pillar of budget 2022 is to invest in a clean economy. To help Canadians and Canadian businesses benefit from the global transition to a clean economy, Budget 2022 includes new incentives for clean technology development and carbon capture, use and storage. In addition to investing more to protect our lands, lakes and oceans, the government will also make it more affordable for Canadians to purchase zero-emission vehicles, build and expand a nationwide network of zero-emission vehicle charging stations, and new investments. into clean energy.

Canada entered the pandemic with the lowest net debt-to-GDP ratio of any G7 country, an advantage that has since grown relative to other countries. Canada had the best jobs recovery in the G7, and since then March 2022recovered 115% of the jobs lost at the height of the pandemic, with an unemployment rate that stands at just 5.3%, the lowest rate since 1976. With the 2022 budget, Canada maintain this leadership position and maintain its fiscally responsible approach to economic growth and building an economy that benefits everyone. Crucially, it maintains the government’s fiscal anchor – a lower debt-to-GDP ratio and reduced COVID-19-related deficits, which will ensure that from Canada finances remain sustainable over the long term.

Estimate

“SMEs are at the heart of our economy and our communities and are part of our government’s economic recovery plan. I am delighted that the government supports Amecci. Thanks to this contribution, the company will be able to increase its productivity and maintain its position as a select and competitive supplier The 2022 budget provides for investments aimed at supporting companies like Amecci to from Canada long-term growth. »

The Honorable Pascale St-Onge, MNA for Brome–Missisquoi, Minister of Sports and Minister responsible for CED

“Companies like Amecci that stand out for the great variety and uniqueness of their products must constantly adapt to market demand. This is why the government must continue to support them so that they can remain competitive and contribute to the growth of our economy. precisely what our government is doing by granting this contribution to this local family business. »

Élisabeth Brière, Member of Parliament for Sherbrooke and Parliamentary Secretary to the Minister of Mental Health and Addictions and Associate Minister of Health

“Budget 2022 is about growing our economy, creating good jobs and building a Canada where no one is left behind. Our plan is responsible and thoughtful, and it will mean more homes and better-paying jobs for Canadians; cleaner air and cleaner water for our children; and a stronger, more resilient economy for years to come.”

The Honorable Chrystia Freeland, Deputy Prime Minister and Minister of Finance

“At Amecci, we have always been able to navigate adversity by drawing on our creativity and innovation, and today is no exception. We aim to remain competitive and meet the challenge of labor shortages. work, and this investment in a new laser cutter will make all the difference for us. As part of our transformation plan, we had to find a way to increase our production capacity and automate this service as much as possible. Without this help of DEC, none of this would be possible.”

Michael LequinPresident, Ameci

Fast facts

  • Since 1988, Amecci has manufactured, processed and distributed over 2,000 high quality abrasive products throughout North America. This complete range of versatile industrial products can be used to treat wood, automotive bodywork, metal and composite materials. Equipped with state-of-the-art technology, Amecci stands out for the wide variety and uniqueness of its products. Today, the company is considered one of the largest processors of abrasive products in the Canada.

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SOURCE Canada Economic Development for Quebec Regions

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