A $150 000 subvention from the Government of Quebec

Minister of Families, Minister of Education, Recreation and Sports and Minister responsible for the Gaspésie—Îles-de-la-Madeleine region, Mr. Sébastien Proulx, and the member of parliament for Îles-de-la-Madeleine, Mr. Germain Chevarie, announced, on behalf of the Deputee-premier of Quebec, Minister responsible for Small and Medium Enterprises, Regulatory Streamlining and Regional Economic Development, Minister responsible for the Status of Women, Mme Lise Thériault, the allocation of $150 000 to OSM Atlantique from the Fonds d’aide aux initiatives régionales (FAIR.) This amount will support an investment project of $2 761 700, which will create 12 jobs in the region.

«This initiative reminds us the importance of diversification for businesses and its impact for long-term growth. The government of Québec proudly supports this important business in the region.», declared minister Sébastien Proulx.

OSM Atlantic design and operate a range of precision machining engines on the cutting edge of technology intended for diesel engines. These engines are used in commercial and cruise ships, as well as thermal power diesel engines generating stations in remote areas of the planet. The business’ project consists of establishing a repair workshop in Cap-aux-Meules for diesel engine pieces.

« In each of Quebec’s regions, entrepreneurs create growth and quality jobs and our government gives them the means necessary to develop their potential. This fund is a great example of the adaptability of our economic tools to regional realities, which we pay close attention. Listening to our entrepreneurs is one of the keys to their success. », stated Minister Lise Thériault.

« OSM Atlantique present us today a major investment project, which will have significant benefits on the economy and the Magdalen Islands community. We are delighted that such a business has chosen to establish itself in the archipelago. », shared the member of parliament for Îles-de-la-Madeleine, Mr. Germain Chevarie.

The FAIR supports economic and tourism development in the region Gaspésie Îles‑de‑la‑Madeleine in order to promote employment creation and growth. Supported projects have as objective the improvement of competitiveness and increased production of value-added goods.

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