Développement Vaudreuil-Soulanges — FLI-FLS

The Fonds locaux d’investissement (FLI-FLS) in Vaudreuil-Soulanges offers financial assistance to support various business projects, acting as a catalyst for obtaining additional funding. This aid is primarily provided in the form of loans, thus serving as a supplementary financing resource.

• Loans target projects requiring investments of less than $200,000.
• Financial aid serves as complementary funding alongside conventional loans from financial institutions or other sources.
• Eligible expenditures include capital investments such as the purchase of buildings, land, equipment, and technology acquisitions, excluding research and development activities.
• Funding also covers working capital needs specifically related to the business's operations.
• The investment policy allows for intervention beyond conventional loans, tailored to the specific needs of each project.

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.

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.

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.