AEBHS — Fonds Rio Tinto Alcan (RTA)

• Completed application form
• Investment policy document
• Personal financial statement
• Three-year financial forecasts
• Project description or business plan summary

Who is eligible?

• Legally constituted for-profit businesses
• Cooperatives and non-profit organizations with commercial activities
• Businesses with operations in Beauharnois
• Businesses at startup, growth, succession, or transfer stage

Who is not eligible

• Businesses under insolvency or bankruptcy protection
• Applicants in default on prior financial assistance obligations
• Applicants whose conduct could harm the fund’s integrity
• Transactions between related businesses or partners, for succession projects

Eligible expenses

• Asset purchases and capital expenditures directly related to the project
• Construction, expansion, renovation, and site or premises fit-up
• Marketing costs
• First-year working capital for start-up projects
• Professional fees directly related to the project

Ineligible Costs and Activities

• Costs incurred before the application date, except the required equity contribution
• Costs related to future debt repayment or refinancing
• Asset purchases that are not part of a business succession or transfer process
• Lottery, gambling, or other unrelated activities

Eligible geographic areas

• Beauharnois

• Economic viability and repayment capacity
• Promoters’ experience and knowledge
• Openness toward workers and work relations
• Market demand, competition, and sales approach
• Environmental standards and sustainable development

• Step 1: Prepare the project file
  • Complete the required application documents.
  • Prepare the business plan summary, financial forecasts, and personal financial statement.
• Step 2: Submit the request
  • Send the application to the MRC responsible for the fund.
  • Provide any additional documents requested by the team.
• Step 3: Review and analysis
  • The MRC reviews the file for completeness and admissibility.
  • The file is then presented to the investment committee for decision.
• Step 4: Decision and follow-up
  • If approved, the required financing and legal steps are completed.
  • Ongoing financial follow-up may be required after funding.

• Applications are first reviewed by the MRC’s economic development team.
• Eligible and complete files are then analyzed by the investment committee.
• The committee gives a positive or negative recommendation.
• If approved, the authorized signatories complete the required administrative and legal steps.

• The fund is administered by Accès Entreprise Beauharnois-Salaberry.
• A business plan summary and three-year financial forecasts are required for some projects.
• A personal financial statement from each promoter is requested.
• Annual financial statements and occasional site visits may be required after funding.