Investing in OrganicOcean’s growth

eAwazLocal News

Notre-Dame-des-Neiges business receives $345,000 in financial assistance from CED.

Notre-Dame-des-Neiges – Supporting growth and innovation contributes to economic development in Quebec’s regions. That is why the Honourable Pascale St‑Onge, Minister of Sport and Minister responsible for CED, took the opportunity during her visit today to announce a repayable contribution of $345,000 for OrganicOcean Inc. This CED support will enable the business to acquire and install new equipment to process marine biomass in order to increase its productivity and production capacity.

OrganicOcean specializes in developing, manufacturing, and marketing innovative plant nutrition products made from seaweed extracts. This investment project will enable the SME to ensure its growth. It will thus be able to intensify its manufacturing of biostimulants that help foster sustainable agriculture.

The Government of Canada recognizes and supports businesses and organizations that are a source of pride in their communities. Quebec’s economic growth relies on organizations with strong roots in the regional economy; they represent key assets in building a sustainable, inclusive economy.

“SMEs are at the heart of community development and are part of our government’s economic recovery plan. We are helping them grow and innovate, and I am therefore delighted with CED’s support for OrganicOcean’s growth project. The business’s contribution to the Bas-Saint-Laurent region’s economic vitality is undeniable. Without a doubt, the success and spin-offs of this project to increase its production of innovative green products for plant nutrition will be felt right across the region, Quebec and Canada.” – Pascale St-Onge, Member of Parliament for Brome–Missisquoi, Minister of Sport and Minister responsible for CED