Government of Canada Lends Financial Support to Laurier Glass
January 27, 2012

Laurier Glass Ltd. in Laurier Station near Quebec city, received financial assistance from the Government of Canada for the purchase of specialized equipment, according to a January 25 Canada Economic Development release. This acquisition will enable the company to increase its production capabilities and improve the quality of its products.

Founded in 1950, Laurier Glass initially specialized in the manufacture of stocksheet mirrors for the furniture industry before branching out into the production of tempered glass. Since 2002, the family-run enterprise has further diversified its activities to include the manufacture of architectural products that are available, based on customer requirements, in a variety of colored and patterned glass options. In 2010, the company embarked on a major expansion phase that will require nearly $5.5 million in investment to complete, according to the release.

This $325,000 in repayable funding has been granted through Canada Economic Development's Temporary Initiative for the Strengthening of Quebec's Forest Economies (TISQFE).

The TISQFE was brought into force in June 2010 to help communities affected by the forestry crisis diversify their economies in order to ensure their growth and create and maintain employment. The initiative's goal is also to support small and medium-sized businesses in these communities in their efforts to secure their sustainable development, according to the release.

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