Développement Vaudreuil-Soulanges — FLI-FLS
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
- Integrate new technologies
- 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
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
Eligibility for this grant is defined by the company's location and sector of operation, as well as the nature of its business activities.
- The company's head office or operational location must be situated within the territory of Vaudreuil-Soulanges.
- The business must operate within sectors identified as priorities by DEV and the MRC.
- Eligible companies include those in startup or expansion phases, including social economy enterprises.
- Entrepreneurs or groups of entrepreneurs must be willing to acquire at least a 25% significant interest in an existing business for succession purposes.
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.
Selection criteria
The evaluation and selection criteria for the Développement Vaudreuil-Soulanges — FLI-FLS focus on ensuring the economic viability and potential impact of proposed projects.
- Economic viability of the financed business.
- Knowledge and experience of the promoter in the field, as well as management skills and competencies.
- Economic outcomes of the project in terms of job creation and/or retention.
- Contribution of capital from other sources, emphasizing the involvement of a financial institution and personal investment from the promoters.
How to apply
Preparation of the application
- Fill out the application form available on the Développement Vaudreuil-Soulanges website.
- Gather the required documentation that accompanies the application form.
Submission of the request
For more information
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.
