$4,6M invested in 2013-2014
Gatineau, July 17, 2014 – Over the past year, the Fonds régionaux de solidarité FTQ in the Outaouais region invested $4,6 million in support of the development of nine businesses, in addition to its contribution toward creating and maintaining 426 jobs. These noteworthy results, drawn from the annual financial statement of the Fonds régionaux de solidarité FTQ, demonstrate the major economic role played by this business network in Québec’s regions.
“The employees of the Fonds régionaux de solidarité FTQ in Outaouais all hail from the region, as do the members of our Board of Directors.” says Ms. Édith Gaudet, CEO of the Fonds régionaux de solidarité FTQ in the Outaouais region, “We want to maintain an active presence here in order to contribute to the growth of the area’s businesses and facilitate the transfer of companies.”
Thanks to the support of 614,000 Quebecers that are saving for their retirement as owner-shareholders of the Fonds de solidarité FTQ, several major projects received financial support from the Fonds régionaux de solidarité FTQ in the Outaouais region in 2013. For example, Laiterie Outaouais received $400,000 in order to expand their offices and increase the range of products they offer. La Trappe à fromage also received $500,000 that will be used to open a fifth sales location in the Aylmer region. Moreover, Macadamian Technologies, a company that designs and develops product strategies and software for numerous global firms, has received an investment which will allow it to prepare its leaders of tomorrow and eventually proceed with new acquisitions.
Present across Québec, the 16 regional funds and 83 local funds are part of the Fonds de solidarité FTQ network, and each benefits from the resources and support that are available across Québec’s territory. “The strength of our network relies on the fair and adequate integration of our global vision and our regional outlooks,” claims Luck Pinard, President and CEO of the Fonds régionaux de solidarité FTQ. With assets of $10.1 billion and more than 2,450 partner companies, the Fonds and its network have the resources required to provide solid support for the economic development of Québec’s regions.”
The network also includes the Fonds immobilier de solidarité FTQ, which acts as an economic catalyst by investing in real estate projects in the residential, commercial, office and industrial real estate sectors. The Fonds fulfils this role by forging partnerships with real estate developers and builders who are active across the province. As of May 31, 2014, the Fonds immobilier had 30 buildings under its management and 18 million square feet of land to develop, with $53 million earmarked for affordable housing, social and community development and 30 real estate projects with a total value of $1.6 billion currently being developed. For example, in Gatineau, the Fonds immobilier is a partner of the Groupe Heafy of the Centre de développement des technologies de l’information, a building located at 490 St. Joseph Boulevard.
Since its inception, the Fonds de solidarité FTQ and its network have invested more than $121 million in Outaouais, thus contributing to creating and maintaining more than 6,000 jobs in the region.
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Information for media representatives only:
Guillaume Bérubé
Phone: 514 282-4719
Mobile: 514 883-5948
Email: guillaume.berube@citoyenoptimum.com
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