Développement Vaudreuil-Soulanges — FLI-FLS
- Open continuously
Overview
The Développement Vaudreuil-Soulanges — FLI-FLS grant offers funding of up to $200,000 to support viable business creation, expansion, or acquisition, with a focus on economic and employment development in the Vaudreuil-Soulanges area. Eligible activities include capital expenditures, technology acquisition, and working capital needs related to business operations.
At a glance
Funding available
- Increase performance through digital transformation
- Maximum amount : 200,000 $
- Open continuously
Eligible candidates
- All industries
- Vaudreuil-Soulanges
- Montérégie
- Quebec
- For-profit business
- Social economy enterprise
- All revenue ranges
- All organization sizes
- Startups
Next Steps
Activities funded
This fund provides financial aid for business projects that enhance the economic development and employment in Vaudreuil-Soulanges. Eligible projects aim at creating and sustaining viable enterprises through various activities.
- Start-up and expansion of businesses with a focus on economic development.
- Acquisition of a significant ownership stake in existing enterprises for business succession.
- Capital expenditures including the purchase of buildings, land, and equipment.
- Acquisition of technologies and software necessary for business operations.
- Provision for working capital strictly related to the enterprise's operations.
Eligibility
Who is eligible?
Eligible applicants for the Fonds locaux d'investissement FLI-FLS are businesses with their headquarters or operational location within the Vaudreuil-Soulanges territory. Specifically, this includes startups or expanding companies, as well as entrepreneurs or groups of entrepreneurs seeking to acquire at least a 25% interest in an existing business for succession purposes. These entities must also operate within sectors aligned with the priorities set by DEV and the MRC.
Eligible expenses
The financial assistance can be used for specific types of expenses to support business projects.
- Capital expenditures such as the purchase of buildings, land, equipment, machinery, rolling stock, incorporation fees, and similar expenses, excluding goodwill costs.
- Acquisition of technologies, software, software packages, patents, and similar expenses, excluding research and development activities.
- Working capital needs strictly related to the company's operations.
Eligible geographic areas
This funding opportunity is available to businesses with their head office or operating location within the designated area. The focus is on supporting regional economic growth initiatives.
- Vaudreuil-Soulanges region.
Additional information
Here are additional relevant details for this grant:
- The Fonds locaux d’investissement (FLI-FLS) provides funding mainly through loans, which serve as leverage to secure other financing sources, such as conventional bank loans or subsidies.
- Projects must include a significant capital contribution from the applicant and an institutional financial commitment.
- For inquiries or advice regarding the suitability of the FLI-FLS offer to specific projects, contacting a consultant is recommended.