MRC Abitibi-Ouest — Social Economy Fund
Canada
Social Economy Fund supports collective entrepreneurship in Abitibi-Ouest
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
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- grant_single|timelineUnspecified
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Grant and Funding
grant_single|eligibleIndustries
- Educational services
- Health care and social assistance
- Arts, entertainment and recreation
- Other services (except public administration)
- Public administration
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- MRC Abitibi-Ouest
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grant_card_status|open
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The Fonds d'Économie sociale grant provides non-repayable financial aid up to 80% of the project cost, with a maximum of $5,000, to encourage collective entrepreneurship and social economy business startups in the MRC d'Abitibi-Ouest. Eligible activities must align with social economy principles and lead to job creation or consolidation.
grant_single_labels|terms_and_conditions
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.
grant_single_labels|admissibility
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.
grant_eligibility_criteria|who_can_apply
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.
grant_eligibility_criteria|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.
grant_eligibility_criteria|zone
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.
grant_single_labels|register
- Step 1: Contact a Development Advisor
- Reach out to a development advisor for more information about the program.
- Discuss the eligibility and requirements for your project.
- Step 2: Complete the Application Form
- Obtain the dedicated application form for financial assistance.
- Fill out the form with detailed project information adhering to the principles of social economy.
- Step 3: Professional Assistance
- Work with the professionals provided by the fund to ensure your application is complete and competitive.
- Step 4: Submit Your Application
- Submit the completed application through the appropriate channel as directed by the advisors.
grant_single_labels|otherInfo
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.
Apply to this program
Stimulating Collective Entrepreneurship with Financial Support
The Fonds d’Économie sociale grant is aimed at fostering social economy entrepreneurship within the MRC d’Abitibi-Ouest. This funding opportunity seeks to support non-profit organizations, cooperatives, and mutuals focused on addressing community needs rather than profit-making, providing up to $5,000 or 80% of project costs to eligible enterprises.
Detailed Insights into the Fonds d’Économie Sociale Grant
The Fonds d’Économie sociale is a strategic financial initiative designed to promote the growth and sustainability of social enterprises within the MRC d’Abitibi-Ouest. This grant distinctly supports businesses that prioritize social objectives over profit, thereby acting as catalysts for economic resilience and community well-being. The social economy encompasses enterprises that operate independently from public bodies, functioning under a democratic governance model. These enterprises include cooperatives, mutuals, and non-profit organizations that engage in market activities aimed at meeting the needs of their members or the broader community.
With a clear focus on collective entrepreneurship, the grant plays a crucial role in the local economic ecosystem by supporting various social economy projects that align with principles such as social integration, job creation, local service provision, and environmental sustainability. By prioritizing these sectors, the fund not only enhances economic viability but also addresses key social and environmental issues, contributing significantly to the socio-economic vitality of the region.
The grant offers non-repayable financial assistance covering up to 80% of the eligible project costs, with a funding cap of $5,000. This financial support is critical for social economy enterprises as it aids in mitigating the financial constraints that often hinder their operations. Moreover, these finances are used to launch new economic activities or consolidate existing endeavors, further ensuring the stability and growth of the enterprises involved.
Eligible projects must drive the creation or consolidation of employment, thus contributing to employment security and enhancing the quality of life within the community. Each project undergoes a thorough evaluation process to ensure it aligns with the grant's objectives of fostering economic projects that respect the overarching principles of the social economy. This deliberate selection process guarantees that the funds are allocated to initiatives with net positive impacts on the community.
Additionally, the grant encourages entrepreneurialism by offering ongoing support during the various stages of a project. Applicants can engage with experienced development advisors who provide expert guidance in navigating the complex landscape of social entrepreneurship. This tailored support is essential for fostering a thriving environment where social enterprises can effectively address the needs and challenges faced by the MRC d’Abitibi-Ouest community.
In summary, the Fonds d’Économie sociale grant represents a pivotal opportunity for social enterprises in the MRC d’Abitibi-Ouest to enhance their operational capacities while steadfastly committing to their social objectives. By combining financial support with professional advisory services, the grant facilitates sustainable economic development and fosters a robust social economy ecosystem in the region. This strategic support not only helps social enterprises achieve their mission but also fortifies the socio-economic fabric of the community, ensuring long-term prosperity and resilience.
