MRC Charlevoix — LOCAL INVESTMENT FUND (FLI) “SUCCESSION” STREAM
QC, Canada
Charlevoix economic grants supporting startups and business expansion
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|openingDateSeptember 30, 2023
- grant_single|closingDateDecember 30, 2023
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Arts, entertainment and recreation
- Accommodation and food services
- Other services (except public administration)
- Public administration
grant_single|grantors
- MRC Charlevoix
grant_single|status
grant_card_status|open
grant_single_labels|preview
The grant provides non-repayable financial assistance up to a maximum of $100,000 per project to support entrepreneurship by creating and sustaining viable businesses, financing start-up, expansion, or acquisition, and contributing to job development and economic growth within the MRC of Charlevoix. Eligible activities include business start-up, expansion, and economic projects in private, collective, and social economy enterprises.
grant_single_labels|projects
The grants are aimed at supporting entrepreneurship, business expansion, economic development, and job creation in various sectors. Eligible projects encompass a range of activities including business transfers, innovation, and social economy enterprises.
- Creating and supporting viable business projects.
- Funding the startup, expansion, or acquisition of businesses.
- Supporting employment development in the region.
- Transfer of business ownership to ensure continuity and entrepreneurial succession.
- Stimulating projects within social economy enterprises to create sustainable jobs.
- Accessing specialized expertise to address major business challenges, like sustainability and innovation.
- Stimulating diversification and supporting collective initiatives for regional economic vitality.
- Supporting exploratory projects and development of new markets.
- Supporting tourism development and event planning initiatives.
grant_single_labels|admissibility
Eligibility for this grant is determined by specific criteria related to the applicant's profile and proposed activities within the designated areas.
- The applicant must be an entrepreneur acquiring a legally constituted company in Quebec.
- The applicant must be benefiting from a Fonds local d’investissement (FLI) of an MRC or a municipality exercising MRC powers.
- Eligible applicants include entrepreneurs such as family members, employees, external buyers, or collective buyers.
- The applicant's project must be legally constituted and align with the specific goals of stimulating entrepreneurship, job creation, and economic development.
grant_eligibility_criteria|who_can_apply
The grants provided under the programs and funds offered by the MRC de Charlevoix and other associated entities are designed to support various forms of businesses and projects. These include businesses looking to start up, expand, transfer ownership, or those operating within specific sectors such as the social economy. The specific eligibility criteria are contextually tailored to each fund's objectives.
- Entrepreneurs seeking to create or expand viable enterprises.
- Individuals or groups involved in social economic enterprises aiming for project viability and job creation.
- Entrepreneurs involved in business ownership transfer within Quebec.
- Companies prioritizing strategic development aspects like sustainability, innovation, and technology integration.
- Private for-profit enterprises needing access to specialized expertise to enhance productivity and profitability.
- Business promoters initiating new businesses with technical and financial support needs.
grant_eligibility_criteria|zone
This grant is aimed at supporting companies located in certain geographical areas associated with local investment and economic development strategies. The eligible areas reflect the focus on leveraging regional strengths.
- Projects within the MRC de Charlevoix.
- Initiatives based in the Capitale-Nationale region.
- Entrepreneurs acquiring businesses legally constituted in Quebec.
grant_single_labels|register
- Step 1: Obtain Necessary Forms
- Download the business plan guide and templates available.
- Access the appropriate investment policy documents and application forms.
- Step 2: Develop Business Plan
- Utilize the guide to draft a comprehensive business plan.
- Ensure the plan addresses project viability, financial projections, and strategy.
- Step 3: Complete Application Form
- Fill out the application form with accurate project details and financials.
- Ensure all sections of the form are thoroughly completed.
- Step 4: Gather Required Documentation
- Compile any additional supporting documents as specified in the guidelines.
- Ensure all documents are up-to-date and relevant to the application.
- Step 5: Submit Application
- Send the completed application form and required documents to the appropriate funding body as per their submission guidelines.
- Ensure the submission is before the cutoff date mentioned (e.g., 30 September, 30 December, or 30 April).
- Step 6: Follow-Up
- Wait for confirmation of receipt and any correspondence regarding the status of the application.
- Prepare for potential follow-up or request for additional information from the funding body.
Apply to this program
Empowering Entrepreneurial Growth Through Strategic Financial Support
This grant program offers substantial financial backing to initiatives aimed at fostering entrepreneurship, economic development, and the sustainability of enterprises in the Charlevoix region. It focuses on providing financial aid and strategic resources to support business creation, expansion, and the innovative drive within local communities.
Detailed Insights into the Grant's Purpose and Benefits
This comprehensive grant program is designed to enhance the entrepreneurial fabric of the Charlevoix region by providing targeted financial aid to projects that stimulate economic activity and employment. The initiative includes multiple funds, each catering to different business needs and stages of development. For example, it encompasses support for business start-ups, expansions, and social economy projects, thereby catering to a wide range of business types. This diversity in funding options ensures that both new and existing enterprises have access to necessary capital resources, technical guidance, and investment stimuli to thrive and sustain in the competitive market.
The grant offers significant financial support, such as up to $100,000 for individual projects as a non-repayable contribution. This allocation encourages entrepreneurs to develop and execute innovating business plans that align with regional economic goals. Moreover, these funds serve to diminish financial barriers, allowing for a broader array of business ventures and encouraging risk-taking in pursuit of economic advancement.
Furthermore, the Fonds local d’investissement (FLI) and the Fonds local de solidarité (FLS) specifically target the nurturing and proliferation of entrepreneurship by creating and supporting viable businesses. They aim to promote job creation and contribute to the overall economic vitality of the Charlevoix territory. With up to $225,000 available in venture capital per project, these funds provide substantial support for both start-ups and growing businesses. They are particularly beneficial for the acquisition and expansion of enterprises, providing the needed financial backbone to support job creation and economic development at the grassroots level.
Another critical component of this grant program is the Fonds de développement des entreprises d’économie sociale (FDEÉS), which supports emergent projects within the social economy sector by covering up to 80% of project costs, with a maximum threshold of $15,000. This fund uniquely combines non-repayable contributions with interest-free loans, ensuring sustained growth and job creation in this increasingly significant sector of the economy.
The grant structure is particularly advantageous due to its flexibility in funding allocation based on diverse business needs. This enables custom-tailored financial solutions that align with strategic regional objectives such as sustainable development, technological innovation, and boosting the local economic climate.
Additionally, the program encompasses special project funds aimed at diversifying local economic activities and nurturing high-impact, innovative initiatives. Such support acts as leverage for feasibility studies, special projects, and exploratory initiatives that promise considerable economic and employment benefits within the Charlevoix area.
By promoting an inclusive approach, the grant invites diverse applicants and supports a variety of sectors and business types, enhancing the entrepreneurial landscape of Charlevoix. This approach not only aids in individual business success but also contributes to the collective economic growth and stability within the region. Overall, this grant represents a crucial element in reinforcing the economic infrastructure of Charlevoix, stimulating innovation, supporting sustainable growth, and enhancing community development.