The ‘Eye of Mem­phre’ did the trick

Stanstead Journal - - NEWS - Mem­phrem­a­gog

The Mem­phrem­a­gog CLD is happy to an­nounce the re­sults of its l’Oeil de Mem­phre ini­tia­tive which was launched on Oc­to­ber 26th. In to­tal, the CLD re­ceived 54 re­quests for in­for­ma­tion from en­trepreneurs for busi­ness projects. From that num­ber, 44 reg­is­tra­tion forms and busi­ness plans were com­pleted.

“We are very en­thu­si­as­tic about the re­sponse to the in­vi­ta­tion we sent out to busi­ness peo­ple,” men­tioned Yves Lanthier, the gen­eral di­rec­tor of the CLD. “L’Oeil de Mem­phre has brought out numer­ous projects. This demon­strates with­out a doubt that re­gional en­trepreneurs have ideas! This ini­tia­tive will surely be the nudge in the right di­rec­tion that they need to spring into ac­tion by as­sur­ing them that re­sources are avail­able to them.”

In to­tal, the projects submitted rep­re­sent an in­vest­ment of $9,285,000. Twenty-five re­quests came from Ma­gog, twelve from other mu­nic­i­pal­i­ties in the Mem­phrem­a­gog MRC, and seven from out­side of the re­gion. Seven­teen dossiers have been pre­sented to the panel of ex­perts by the en­trepreneurs look­ing for fi­nanc­ing: six new busi­ness start-ups; two take-overs; four new prod­uct or ser­vice devel­op­ment plans; four ex­pan­sion projects; and one con­sol­i­da­tion.

Twelve of th­ese projects are sit­u­ated in Ma­gog while the other five are in Ayer’s Cliff, Hat­ley, Man­sonville, Stanstead and South Stukely.

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