CAE Rive-Nord Gets $590,335 For Its Territory

The CAE Rive-Nord is a happy beneficiary of the September 1 announcement made by Mr. Ramez Ayoub, federal MP for Thérèse-de-Blainville, and Madame Linda Lapointe, federal MP Rivière-des-Mille-Îles, on behalf of Mr. Navdeep Bains, Minister of Innovation, Sciences and Economic Development, regarding the conclusion of a new, 3-year agreement between CED (Canadian Economic Development), CFDC (Community Futures Development Corporation) and the CAEs (Centre d’aide aux entreprises) of Quebec.

Over $590,335 will be injected into the region through the CAE Rive-Nord. According to Madame Linda Lapointe, federal Member of Parliament for Rivière-des-Mille-Îles, “The renewal of the agreement between CED and CAE Rive-Nord is excellent news for the region. For the next three years the organization will be able to implement its mission and contribute to economic growth and job creation for its community.”

The announcement also confirmed that CED contributions give CAE Rive-Nord the means and flexibility to fulfill its mission. By supporting the growth of small and medium businesses, and by fostering local economic development, CFDCs and CAEs contribute to creating well-paying jobs for middle class citizens and those working hard to improve their standard of living.
The announecement was made from Boisbriand’s Jalbert Automatisation, a packaging company that has benefited from the support of CAE Rive-Nord. Other companies that have also taken advantage of CAE Rive-Nord services are Découpage AESP and Trafic Innovation, both located in Saint Eustache.

«We were hoping to get credit-financing for research and development – and we did. Thanks to CAE Rive-Nord, we received a loan of $100,000 that allowed us to get started right away on our innovation projects. Since then, our sales went from 2.7 million to 6 million dollars a year, and we went from 20 to 50 employees”, stated Luc Jalbert, president of Jalbert Automatisation, who was also impressed by the speed and efficiency with which the team at CAE Rive-Nord handled his request.

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About CAE Rive-Nord

For over 30 years now, CAE Rive-Nord has developed the North Shore’s economy by helping its industries grow and prosper through special financing and consulting services.
CAE Rive-Nord makes one promise to entrepreneurs: to help increase their revenues!