MRC Charlevoix — Support Fund for Start-up and Expansion QC Canada

MRC Charlevoix — Support Fund for Start-up and Expansion

QC, Canada
Financial aid for business startups and expansion in Charlevoix
grant_single_labels|summary
grant_single_labels|preview
grant_single_labels|terms_and_conditions
grant_single_labels|projects
grant_single_labels|admissibility
grant_single_labels|criteria
grant_single_labels|register
grant_single_labels|otherInfo

grant_single_labels|summary

grant_single|eligibleFinancing
  • grant_single|maxCount
  • grant_single|projectCostPercent
grant_single|deadlines
  • grant_single|closingDateSeptember 30, 2023
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
  • Educational services
  • Health care and social assistance
  • Other services (except public administration)
  • Public administration
grant_single|grantors
  • MRC Charlevoix
grant_single|status
grant_card_status|open

grant_single_labels|preview

The MRC Charlevoix — Support Fund for Start-up and Expansion offers non-repayable financial assistance of up to $50,000, aiming to foster the creation or expansion of legally constituted businesses in the Charlevoix region. Eligible activities include projects that involve equipment or technology expenses and contribute to job creation and economic development in the area.

grant_single_labels|terms_and_conditions

This grant provides financial assistance for the start-up and expansion of businesses within the MRC de Charlevoix, offering both technical and financial support to beneficiaries.
  • The aid is provided as a non-repayable contribution covering up to 50% of the total project cost, with a maximum limit of $5,000, subject to fund availability.
  • The total financial aid from government sources and the MRC de Charlevoix cannot exceed 50% of eligible expenses.
  • The financial support does not guarantee future funding for subsequent applications, even if the maximum amount has not been reached previously.
  • Eligible expenses include capital expenditures on land, buildings, equipment, machinery, technological tools, intellectual property, software, and working capital strictly related to the company’s first-year operations.
  • Non-eligible expenses include pre-incurred project costs, debt servicing costs, and projects with controversial or inappropriate activities.
  • The MRC de Charlevoix reserves the right to modify budget forecasts and request relevant documentation as deemed necessary.

grant_single_labels|projects

This grant supports the start-up and expansion of businesses in the Charlevoix region. It aims to stimulate economic growth and create jobs by providing non-repayable financial contributions to eligible projects.
  • Creation of a legally constituted start-up business with a viable business plan.
  • Expansion of an established business with a comprehensive expansion plan.
  • Projects involving the acquisition of new equipment or assets essential to business operations.
  • Initiatives that demonstrably require financial aid to proceed.
  • Projects contributing to the dynamism and economic development of the Charlevoix area.
grant_single|admissibleProjectsExample

$ 42,000

Launch of a sustainable tourism agency promoting eco-tourism

$ 51,000

Start-up of an artisan cheese factory utilizing local resources

$ 42,000

Development of a community co-working space for local entrepreneurs

$ 27,000

Expansion of a local organic bakery to increase production

$ 60,000

Acquisition of a local woodworking business to expand production

$ 48,000

Enhancement of a local organic farm with advanced technologies

grant_single_labels|admissibility

Eligibility for this grant is determined by specific conditions associated with the applicant's business status and project details.
  • The applicant must be starting a legally constituted business with its headquarters located within the territory of the MRC of Charlevoix or expanding an existing business that has been legally established for at least 12 continuous months.
  • The project must involve capital expenditures in equipment or infrastructure.
  • For start-ups, the applicant must present a business plan recognized by the MRC de Charlevoix covering the first three years of operation, demonstrating viability and financial profitability.
  • The project must be partially funded by a minimum financial contribution from the promoter equivalent to at least 20% of the project cost.
  • The project must lead to the creation of at least one full-time remunerated job or its equivalent within the first year following project completion, with full-time employment defined as 1,820 hours per year.
  • The applicant must prove to the satisfaction of the MRC de Charlevoix that financial aid is essential for the realization of the project.
  • The project must be aligned with the goals of the fund, such as stimulating start-ups and expansions, promoting job creation, and revitalizing the economy of the MRC de Charlevoix.
  • For expansions, the business must be for-profit, have demonstrated financial stability previously, and possess necessary liquidity for operation.
  • An expansion plan must be supported by three years of financial projections and at least one year of previous financial statements.

grant_eligibility_criteria|who_can_apply

The grant is aimed at supporting both start-ups and expanding businesses within the MRC de Charlevoix. To be eligible for this grant, businesses must fulfill certain conditions:- For start-ups: - The business must be legally constituted by the entrepreneur. - The project should include a recognized business plan covering the first three years of operations. - The project should involve equipment and/or fixed assets expenditure. - The head office must be located within the MRC de Charlevoix. - Must lead to the creation of at least one full-time paid job. - The entrepreneur must personally invest at least 20% of the project cost.- For expanding businesses: - The business should have been legally constituted for at least the past 12 months. - The expansion should be supported by a three-year financial projection. - The project should involve expenses related to equipment, fixed assets, and/or technology. - Must maintain or create at least one full-time job following the expansion. - The business must demonstrate financial stability over previous years and have necessary liquidity. - The entrepreneur must personally invest at least 20% of the project cost.These eligibility criteria are designed to ensure that the financial assistance is directed to projects that stimulate economic and employment growth within the MRC de Charlevoix region.

grant_eligibility_criteria|who_cannot_apply

There are multiple exclusions for companies and industries applying for this grant. These restrictions ensure that the funding is used for viable and socially responsible projects.
  • Companies with projects involving gambling, esotericism, clairvoyance, astrology, or personal growth.
  • Projects with political, religious, sexual, warlike, discriminatory, or degrading activities or purposes.
  • Companies with controversial activities that would be unreasonable to associate with the MRC de Charlevoix.

grant_eligibility_criteria|eligible_expenses

The grant covers various capital expenses and other necessary costs associated with starting or expanding a business.
  • Purchase of land.
  • Construction or acquisition of buildings.
  • Procurement of equipment and machinery.
  • Acquisition of rolling stock (vehicles).
  • Incorporation fees and other similar expenses.
  • Acquisition of technological tools, software, and intellectual properties.
  • Working capital needs strictly related to the first year of business operations.

grant_eligibility_criteria|zone

This grant is available to companies located within the MRC of Charlevoix region. Eligible locations are specified to align with the local economic development objectives.
  • Businesses with their head office situated on the territory of the MRC de Charlevoix.

grant_single_labels|criteria

The evaluation and selection of projects for the MRC Charlevoix Support Fund for Start-up and Expansion are based on specific criteria that focus on stimulating entrepreneurship and economic vitality.
  • Alignment with the objectives to stimulate the start-up and expansion of new businesses within the territory.
  • Potential for creating sustainable employment.
  • Contribution to the dynamism and economic vitality of the MRC de Charlevoix territory.
  • Functioning as a leverage for significant and innovative projects.
  • Quality, originality, and innovation of the project.
  • Community support and interest in the project.
  • Cohesiveness of the financial plan.
  • Alignment with the local regional development strategies and priorities.

grant_single_labels|register

  • Step 1: Review Eligibility and Guidelines
  • Familiarize yourself with the eligibility criteria and guidelines for the Support Fund for Start-up and Expansion.
  • Download the "Guide de rédaction" and "Modèle de plan d’affaires" from the MRC Charlevoix resources page to assist with your business plan preparation.
  • Step 2: Prepare Your Business Plan
  • Use the provided templates to draft a comprehensive business plan covering the first three years of operation.
  • Ensure the plan demonstrates financial viability, involves the creation of at least one full-time job, and includes a promoter’s contribution of at least 20% of the project cost.
  • Step 3: Complete Required Documentation
  • Gather all necessary documents, including company registration, shareholder agreements, personal balance sheets, credit history, and financial forecasts.
  • Prepare additional documents like quotes, plans, and specifications related to your project.
  • Step 4: Submit Application to MRC Charlevoix
  • Collect and review all aspects of your application to ensure compliance with the requirements.
  • Submit your completed application along with all supporting documents by the designated deadline to the MRC of Charlevoix.
  • Step 5: Await Confirmation and Further Instructions
  • Wait for a confirmation notice and any further instructions from the MRC regarding the processing of your application.

grant_single_labels|otherInfo

Here are additional relevant details for this grant:
  • The funding provides contributions that are non-refundable, which signifies that they do not need to be paid back.
  • Applicants must demonstrate that financial assistance is crucial for the project's success.
  • The contribution from the MRC of Charlevoix is contingent on the availability of funds, meaning funding is not guaranteed.
  • To benefit from the funding, projects should align with the overarching aim to drive entrepreneurship and economic development within the MRC of Charlevoix.
  • The support from this fund should not be seen as automatically renewable for future projects, even if the applicant has not yet received the maximum allocation.
  • Companies must be legally registered and have necessary permits and authorizations before receiving support.
  • The applicant must contribute a minimum of 20% of the project's total cost from their own resources.

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