MRC Abitibi-Ouest — Social Economy Fund

This grant offers substantial non-repayable financial assistance to stimulate social entrepreneurship in the MRC Abitibi-Ouest region. It is designed to support projects that align with the principles of the social economy.

• Non-reimbursable financial assistance covering up to 80% of total project costs.
• Maximum funding amount of $5,000 per project.

This grant requires companies to fulfill specific conditions related to their operations and impact.

• The project must aim to establish commercial activities conducted in accordance with all the principles of the social economy.
• The project must lead to the creation or consolidation of jobs.

Who is eligible?

This grant is aimed at social economy businesses that operate as cooperatives, mutuals, or non-profit organizations engaged in commercial activities that adhere to social purposes. These entities must comply with principles of social economy, such as addressing the needs of their members or the community rather than focusing on profit-making, practicing democratic governance, aspiring to economic viability, limiting the distribution of generated surpluses, and ensuring assets are allocated to similar goal-driven organizations upon dissolution. This grant is specifically for projects establishing commercial activities that uphold the principles of social economy and either create or consolidate employment.

Eligible expenses

The grant covers specific expenses directly related to the implementation and success of the project.

• Salaries and wages for personnel directly involved in the project's activities.
• Purchase of necessary materials and equipment for carrying out the project.
• Marketing and promotional costs to support the project.
• Consulting or professional fees related to project planning and implementation.
• Office or workspace rental expenses necessary for the project's administration and execution.

Eligible geographic areas

This grant targets companies located within the MRC of Abitibi-Ouest. These geographic areas have been specified to support local social economy initiatives.

• Companies based in the MRC of Abitibi-Ouest.

Here are additional relevant details for this grant:

• The Fonds d'Économie sociale provides non-repayable financial assistance.
• A professional team offers support at every stage of the entrepreneurial journey within the Abitibi-Ouest territory.
• Contact a development advisor for more information regarding the program.