Longueuil business receives $600,000 in financial assistance from CED.
Longueuil – Supporting growing businesses in the green tech sector contributes to economic development in Quebec’s regions. That is why Soraya Martinez Ferrada, Member of Parliament for Hochelaga, Minister of Tourism and Minister responsible for CED, and Sherry Romanado, Member of Parliament for Longueuil–Charles-LeMoyne and Parliamentary Secretary to the President of the King’s Privy Council for Canada and Minister of Emergency Preparedness, announced a repayable contribution of $600,000 for Polara. This CED support will enable the business to implement an international marketing strategy.
Polara specializes in the production of charging infrastructure for electric vehicle fleets. The company has developed the CHRGPKTM, an energy distribution unit that goes beyond the simple link between charging stations and the electricity grid. It represents a major step forward in terms of energy savings thanks to intelligent site management that can save up to $1,000 per vehicle every year. Polara’s commitment to economically viable electric mobility is reflected in customized offers and dedicated support that procure tangible benefits for fleet managers. CED’s assistance, which targets the growth of international sales, digital marketing and participation in trade fairs, will strengthen Polara’s competitive position in this innovative industry.
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.
“The ingenuity and know-how of our entrepreneurs are at the core of green tech development. I am therefore delighted with the support we are providing to Polara today through CED. Through this assistance, we are not only ensuring innovation and the competitiveness of our industries are being fostered, but also maintaining our commitments in the face of climate change and ensuring economic growth in our regions.” – Soraya Martinez Ferrada, Member of Parliament for Hochelaga, Minister of Tourism and Minister responsible for CED