IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 04 Jul 2017 | Removal date: open ended
Still in force

State loan

On July 4, 2017 the governments of Canada and Quebec announced loans of over Can.$18 million (U.S.$14.4 million) to cabinet manufacturer Armoires Fabritec, to help the business increase production capacity at its Bromont plant. Funding for this project includes a Can.$10 million (U.S.$8 million) loan under the ministère de l’Économie, de la Science et de l’Innovation’s ESSOR program, a Can.$3.3 million (U.S.$2.6 million) loan from Investissement Québec’s own funds, a repayable contribution of Can.$2 million (U.S.$1.6 million) from Canada Economic Development for Quebec Regions (CED) and a Can.$3.3 million (U.S.$2.6 million) commercial financing loan from Export Development Canada (EDC). Armoires Fabritec, which targets the U.S. market, uses automated production equipment.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

381 Furniture
9403 Other furniture and parts thereof.
940340 Wooden furniture of a kind used in the kitchen

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