Sherbrooke business receives $400,000 in financial assistance from CED.
Sherbrooke – Supporting growth through business digitization contributes to economic development in Quebec’s regions. That is why Élisabeth Brière, Member of Parliament for Sherbrooke and Parliamentary Secretary to the Minister of Mental Health and Addictions and Associate Minister of Health, today announced, on behalf of Soraya Martinez Ferrada, Minister of Tourism and Minister responsible for CED, a repayable contribution of $400,000 for SoyXpert Inc. This CED support has enabled the business to increase its productivity by automating its operations.
Specializing in the manufacture of high-quality firm tofu that is certified organic, SoyXpert found itself at a turning point in its development. By acquiring new digital equipment, including a highly automated production line, the business has been able to increase its production to better meet the demand in Quebec and to develop the market for its flagship product, Soykei, elsewhere in Canada and in the U.S. This equipment has now been installed in the business’s new production plant, on Rue Burlington in Sherbrooke.
The Government of Canada recognizes and supports businesses and organizations that are a source of pride in their communities. Quebec’s economic growth relies, among other things, on an agri-food sector with organizations rooted in the regional economy. The players in this industry are key assets in building a stronger, more resilient, greener, and more just economy for all.
“This is excellent news for SoyXpert and for Sherbrooke! Their entrepreneurs’ perseverance and determination to continue their operations, while also pursuing their ambitious objectives, are seen through their success. I am delighted CED is supporting this thriving business as it continues to grow by automating its production.” – Élisabeth Brière, MP for Sherbrooke and Parliamentary Secretary to the Minister of Mental Health and Addictions and Associate Minister of Health