# Canada backs SCP 89 expansion in Saguenay with CAD 120,000 repayable contribution

The Canadian government's regional development agency approved a CAD 120,000 repayable contribution to SCP 89 to improve production capacity and acquire strategic equipment in Saguenay. The two projects together create 10 jobs.

- Type: Investment
- Announced: 2018-10-12
- Where: Saguenay, Quebec, Canada
- Status: announced

## Companies

- [SCP 89](https://endata.com/companies/4026.md)
- [Canada Economic Development for Quebec Regions](https://endata.com/companies/4025.md) (investor)

## Sources

- [canada.ca](https://www.canada.ca/fr/developpement-economique-regions-quebec/nouvelles/2018/10/document-dinformation-le-gouvernement-du-canada-soutient-les-projets-de-scp-89-et-oxo-fab.html), 2018-10-12: "SCP 89 inc. et OXO Fab. inc. pourront compter sur une aide financière du gouvernement du Canada pour, entre autres, améliorer leur capacité de production"
- [newswire.ca](https://www.newswire.ca/news-releases/almost-700000-to-support-the-expansion-and-enhance-the-productivity-of-two-saguenay-businesses-697207911.html), 2018-10-12: "SCP 89 and OXO Fab will be able to count on financial assistance from the Government of Canada to improve their production capacity."
- [newswire.ca](https://www.newswire.ca/news-releases/pres-de-700-000--pour-appuyer-lexpansion-et-ameliorer-la-productivite-de-deux-entreprises-de-saguenay-697207891.html), 2018-10-12: "SCP 89 inc. et OXO Fab. inc. pourront compter sur une aide financière du gouvernement du Canada"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.