Mem­phrem­a­gog CLD proud of 2014

Stanstead Journal - - FROM PAGE ONE - Vic­to­ria Vanier

TheMem­phrem­a­gog MRC’s CLD pre­sented its an­nual re­port and the new edi­tion of its reper­toire of industrial en­ter­prises at its an­nual gen­eral meet­ing on April 15th.

“The out­stand­ing achieve­ment of 2014 for the CLD is with­out a doubt the in­crease in the num­ber of projects fi­nanced by the or­ga­ni­za­tion. There was an in­crease of a lit­tle more than 31% in fi­nanc­ing com­pared to 2013 and 145% when com­pared to 2012,” com­mented Vicki May Hamm, the pres­i­dent of the Mem­phrem­a­gog MRC’s CLD and the mayor of Ma­gog.

“The projects fi­nanced were star­tups (59%), ex­pan­sion or mod­ern­iza­tion projects (31%), and take-overs (10%). Be­sides fi­nanc­ing, th­ese en­trepreneurs also ben­e­fit­ted from ac­com­pa­ni­ment and tech­ni­cal sup­port ser­vices from the CLD team,” said Robert Ro­drigue, in­terim direc­tor gen­eral of the CLD.

In 2014, the CLD gave out $701,840 in fi­nan­cial aid for 32 projects, repre- sent­ing in­vest­ments of more than $8.6 mil­lion. 2,392 in­ter­ven­tions of var­i­ous na­tures for 137 busi­nesses were done by the CLD. New tools to pro­mote tourism in Mem­phrem­a­gog were con­ceived while three projects were pre­sented to the Fonds pour le devel­oppe­ment de l’of­fre touris­tique (FDOT) and were ac­cepted. Seven so­cial econ­omy projects were fi­nanced for a to­tal of $126,040, rep­re­sent­ing $2.7 mil­lion in in­vest­ment in the re­gion and the cre­ation of about forty di­rect jobs. A sixth edi­tion of the Fo­rum ci­toyen d’economie so­ciale was held in Oc­to­ber.

Facts on the Mem­phrem­a­gog MRC’s industrial sec­tor

In 2014, there were 163 man­u­fac­tur­ing en­ter­prises on the ter­ri­tory, em­ploy­ing 3,911 peo­ple. More than 63 % of those peo­ple work in 92 en­ter­prises sit­u­ated in the Ma­gog-Or­ford ter­ri­tory. 46 % of all the industrial jobs in the ter­ri­tory are in busi­nesses with one hun­dred em­ploy­ees or more. The industrial sec­tor has an­nounced in­vest­ments of $24.6 mil­lion in 2014, an in­crease of al­most $9 mil­lion com­pared to 2013.

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