Quebec Injects $75 Million Into Forest Industry

Since 2016, the Quebec government has committed over $150,000 to the forest sector

Deforestation has been a major accelerator to climate change and despite the naysayers, the Quebec government has been persistent in reducing global warming and preserving the forestry industry. Today, the government announced the allocation of $75 million over five years to stimulate innovation in the forest sector. This funding was allocated in March 2022 of the provincial budget.

The funding is to play a huge role in deploying technology that will help innovative products come to the market. Far too open, great products are dying on the creative table due to a lack of funding. This funding will help solve this problem.

Better innovative technology helps to drastically reduce the carbon footprint of deforestation and creates more efficient methods for harvesting lumber.

“I am delighted with the enthusiasm for the Wood Innovation Program. Through this financial assistance program and other future initiatives, the Government of Quebec is providing concrete support for innovation in the forest sector. Measures like GDP can make a difference for communities where this industry is a major economic driver. The Ministère des Forêts, de la Faune et des Parcs will always be there to encourage the diversification of products and markets in the forestry sector. “Pierre Dufour , Minister of Forests, Wildlife and Parks and Minister responsible for the Abitibi-Témiscamingue region and the Nord-du-Québec region

Since 2016, the Quebec government has committed nearly $150 million to support more than 220 projects throughout the forest industry, resulting in approximately $1 billion in revenue and saw the creation of 1,000 jobs.