ARBJ — Targeted Financing Program (TFP)
QC, Canada
Strategic financing for northern Quebec regional development projects
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
Loans and Capital investments
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Administration régionale Baie-James (ARBJ)
grant_single|status
grant_card_status|open
grant_single_labels|preview
The ARBJ — Targeted Financing Program (TFP) offers a maximum funding contribution of 20% towards eligible projects costing $250,000 or more, aiming to support projects that benefit specific regions in Quebec. Eligible activities include staff salaries, service acquisition, equipment costs, and marketing expenses.
grant_single_labels|terms_and_conditions
The ARBJ — Targeted Financing Program (TFP) provides strategic financial support for eligible projects, ensuring appropriate resource allocation. The program determines the financial assistance through a comprehensive analysis of each project's dossier.
- Maximum contribution of 20% of the total eligible expenses.
- The form of financial aid, whether through equity capital, loans, or grants, is decided based on the project analysis.
grant_single_labels|projects
The Targeted Financing Program (TFP) is designed to support substantial projects, generally emphasizing regional development and innovation. Eligible activities under this grant can range from enhancing local business capabilities to fostering sustainable practices and infrastructure development.
- Acquisition of project-related services and equipment.
- Development of marketing strategies and promotional activities.
- Conducting studies and research work.
- Creation of prototypes for innovative products or services.
- Implementation of economic diversification projects benefiting the region.
- Professional development and training for workforce enhancement.
grant_single_labels|admissibility
Eligibility for the ARBJ — Targeted Financing Program (TFP) is determined by meeting several criteria to support strategic projects.
- The promoter must be at least 18 years old.
- Total eligible expenses for the project must exceed $250,000.
- Contribution from other financial partners is required.
- The promoter must invest personal or organizational funds into the project.
- The promoter and project must benefit the population residing in Chapais, Chibougamau, Lebel-sur-Quévillon, Matagami, or non-Cree persons residing in the territory governed by the Eeyou Istchee James Bay Regional Government.
grant_eligibility_criteria|who_can_apply
Eligible applicants for the ARBJ — Targeted Financing Program (TFP) include businesses, non-profit organizations, and cooperatives. To qualify, proponents must be at least 18 years old, with total eligible expenses exceeding $250,000, and require financial participation from other partners. The project and proponent must benefit the population residing in Chapais, Chibougamau, Lebel-sur-Quévillon, Matagami, and non-Cree individuals in the Eeyou Istchee James Bay Regional Government territory.
grant_eligibility_criteria|eligible_expenses
The grant covers specific expenses directly related to the project's implementation and success.
- Salaries and social charges.
- Acquisition costs of services and project-related equipment.
- Office supplies, utilities, telephone, and insurance.
- Rental and maintenance costs of equipment and office spaces.
- Professional fees.
- Marketing expenses including advertisements and promotions.
- Working capital.
- Relevant registration fees.
- Expenses related to conducting studies and research work.
- Costs for creating a prototype.
- Travel and representation expenses.
grant_eligibility_criteria|zone
The ARBJ Targeted Financing Program provides funding for projects that benefit residents of specific municipalities and regional territories. Focused on the development of these areas, it ensures alignment with local economic growth objectives.
- Cities of Chapais, Chibougamau, Lebel-sur-Quévillon, and Matagami.
- Non-Cree residents within the territory of the Eeyou Istchee Baie-James Regional Government.
grant_single_labels|criteria
The evaluation and selection of projects for the ARBJ — Targeted Financing Program (TFP) are based on multiple factors to ensure the effectiveness and sustainability of the proposed initiatives.
- Diversification of the economic market and saturation levels.
- Promoter's experience and track record.
- Realism and viability of the project, including objectives, timeline, and budget.
- Potential impacts of the project on the sustainable development of the region.
- Confidence rating, considering risk management.
- Nature of the financing sought (capital structure, loan, or grant).
- Promoter's involvement in terms of funding type and time dedicated to the company.
- Financial status of the enterprise.
- Substance of additional funding obtained.
- Regulatory compliance.
- Job creation resulting from the project.
grant_single_labels|register
Here are the steps to apply for the ARBJ — Targeted Financing Program (TFP):
- Step 1: Initial Preparation
- Ensure the project meets the eligibility criteria, including having a minimum project value of $250,000 and involving other financial partners.
- Become familiar with eligible and non-eligible expenses to ensure compliance.
- Step 2: Gather Required Documents
- Complete the contribution application form for economic development programs.
- Prepare personal resume and financial statements spanning five years, or an expansion plan for five years.
- Assemble financial statements for the past three years, with the latest year provided monthly if applicable.
- Provide proof of registration with the Registraire des entreprises du Québec (REQ).
- If applicable, include a shareholder agreement and two quotations from Nord-du-Québec regional businesses if possible.
- Collect any other necessary documents that support your application.
- Step 3: Craft the Business Plan
- Develop a comprehensive business plan that outlines the project's objectives, timeline, budget, and the potential economic, sustainable development impacts.
- Provide an analysis of the market and the promoter's experience and track record.
- Step 4: Application Submission
- Review all prepared documents and the application form for completeness and accuracy.
- Submit the application package to the relevant authority overseeing the Targeted Financing Program.
- Step 5: Confirmation and Follow-Up
- Await confirmation of receipt from the funding body.
- Retain any correspondence or confirmation numbers for future reference.
