Memphremagog CLD proud of 2014
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.