Cordé Électrique, led by a woman entrepreneur, receives federal support on International Women’s Day

On the occasion of International Women’s Day, the Government of Canada has extended a repayable contribution of $700,000 to Cordé Électrique, an SME led by a woman entrepreneur recognized in the Quebec region for her spirit of initiative and leadership. This CED support will enable Cordé Électrique, a wiring and harness manufacturer, to acquire new automated equipment to improve its productivity and ensure its expansion.

“Investments are an important component of our 2023-2025 strategic plan. Thanks to CED’s participation in the acquisition of new production equipment, we will be able to sustain the growth of our clients and thereby remain a partner of choice, while also continuing to develop the economic dynamism of our rural region,” said Lise Déziel, president and CEO, Cordé Électrique.

The announcement was made by Élisabeth Brière, Member of Parliament for Sherbrooke and Parliamentary Secretary to the Minister of Families, Children and Social Development and to the Minister of Mental Health and Addictions and Associate Minister of Health, on behalf of the Honourable Soraya Martinez Ferrada, Minister of Tourism and Minister responsible for CED.

Founded in 2010 by Lise Déziel, Cordé Électrique is a business specializing in the production of customized electrical harnesses. For several years now, the manufacturing SME has struggled to meet demand, despite several investments in its fleet of equipment. The growth of the business is being hindered by insufficient production capacity. To remain a supplier of choice, the SME must therefore increase its production capacity and productivity. CED’s financial assistance will enable the business to acquire automated equipment for cutting, crimping, and stripping, as well as computer equipment.