The Canadian government has announced it will invest $63.9 million in 99 Quebec businesses in the steel sector that have been negatively impacted by tariffs from the United States.
The announcement was made Tuesday by Industry Minister Mélanie Joly in Repentigny.
The funding is aimed at helping the small- and medium-sized businesses overcome challenges to commercialization and remain competitive in the long run.
The businesses received anywhere from $105,000 to $1,170,000 in non-repayable contributions granted under the federal government’s regional tariff response initiative (RTRI) – with 24 of them receiving at least one million dollars.
Fourteen of the recipient businesses are based in Montreal, with several others located in Laval, Montérégie, the Laurentians and Chaudière-Appalaches.
Ottawa estimates the funding will lead to the creation of 1,100 jobs across Quebec.
