Start-up wood processor Boréalix gets $111,638 CED funding
Repayable contribution will help the maker of wood tiles commercialize its products for the US market.
SAINT-ADELPHE, Que. — Boréalix Inc. is getting $111,638 in federal funding to help it launch its wood processing business in the US market.
The repayable contribution from the Canada Economic Development for Quebec Regions (CED) program will help the start-up based in Saint-Adelphe, Que. with its pre-commercialization activities, the installation of automated production equipment and the design of promotional tools.
The financial assistance granted under CED’s Quebec Economic Development Program (QEDP) will help Boréalix optimize its manufacturing processes, increase production capacity and implement a pre-commercialization strategy for the northeastern US market.
The company was created in December 2014 by Marie-Pierre Maurais, a young entrepreneur who previously worked as an economic development officer at CLD Mékinac in St-Tite, and as advocacy officer at Carrefour Jeunesse Emploi, a promoter of youth entrepreneurship.
The tertiary wood processor designs, manufactures, assembles and commercializes high-end outdoor wood tiles (balconies and terraces) and cedar wall tiles.
Boréalix, operating in an area hit hard by a slowdown in the forestry industry, will provide jobs to forestry workers and people with mental health issues who are reintegrating into the workforce.
The company intends to add eight jobs by 2018.