A secondary meat processor setting up shop at Chicoutimi has picked up a $302,000 federal loan toward its processing equipment costs.
Viandomax Inc. is to specialize in processing and vacuum packing of meats using “advanced methods and state-of-the-art technology,” the federal government said in a release Wednesday announcing the loan.
“This project in the agri-food sector, an area considered of key importance for the region’s development, will help diversify the local economic fabric” in the province’s Saguenay-Lac-St-Jean region, said Denis Lebel, minister of state for Canada Economic Development, in the government’s release.
The repayable funding will flow through Canada Economic Development’s Community Diversification program, which is meant to help Quebec’s regions “maintain and expand their economic activity base.”
Requiring an overall investment of $1.5 million, the Viandomax project is expected to lead to eight jobs created in the area between now and 2012, the government said.
