How much funding can be received?

The Développement Vaudreuil-Soulanges — FSAET program offers convertible loans up to $40,000 to support prioritized tourism projects that align with the 2022-2026 development plan. Eligible activities include new tourism ventures in the Vaudreuil-Soulanges area, either independently or in partnership with existing businesses.

grant_single_labels|terms_and_conditions

This grant provides a structured financial approach to support key tourism projects in Vaudreuil-Soulanges, with provisions for conversion from a loan to a grant upon meeting certain criteria.

Project costs must be between $20,000 and $250,000.
Loan amounts range from $10,000 to $40,000, subject to fund availability.
A financing rate of 2% applies during the project's operational period, up to 60 months.
Amortization over 60 months is included in the terms.
There is a maximum grace period of 24 months on the principal.
If the project concludes prematurely, the outstanding principal becomes due with an interest rate of 5%.

grant_single_labels|projects

The Développement Vaudreuil-Soulanges — FSAET grant provides financial assistance to eligible tourism enterprises in the region for projects that align with regional development plans. The purpose is to enhance and diversify tourism offerings, ensuring sustainable growth.

Tourism projects prioritized in the Vaudreuil-Soulanges Tourism Development Plan 2022-2026.
Initiatives that contribute to the diversification and sustainability of the region's tourism industry.
Projects by existing businesses or new sector entrepreneurs, possibly in partnership with established tourism enterprises.

grant_single|admissibleProjectsExample

$ 90,000

Develop a community art center offering workshops

$ 60,000

Offer vocational training for youth in automotive skills

$ 40,000

Implement a digital marketing campaign for local artisans

$ 80,000

Launch a technology incubator for local startups

$ 65,000

Expand organic farm with sustainable energy solutions

$ 45,000

Create educational programs for sustainable living practices

grant_single_labels|admissibility

The eligibility criteria for this grant focus on aspects related to the applicant's business profile, location, and proposed project alignment.

The business must be a tourism enterprise located within the Vaudreuil-Soulanges territory.
The project must align with the opportunities and challenges outlined in the Vaudreuil-Soulanges Tourism Development Plan 2022-2026.
The applicant can be an existing business or an entrepreneur seeking to develop a new emerging sector, either independently or in partnership with an established tourism company.
The equity of the business post-project must reach 15%, although this requirement may vary based on the project and quality of the promoters.
If in partnership, an agreement must be established for a minimum of three years and submitted with the application.
The business must provide detailed project costs, a timeline for implementation, viable three-year financial projections, and financial statements for the past three years.

grant_eligibility_criteria|who_can_apply

The Développement Vaudreuil-Soulanges — FSAET program is designed for tourism enterprises located within the Vaudreuil-Soulanges region. Eligible applicants include existing businesses or entrepreneurs seeking to develop a new emerging sector, either independently or in partnership with an existing tourism enterprise. The business must align its project with the development opportunities and challenges identified in the Vaudreuil-Soulanges Tourism Development Plan 2022-2026. Additional requirements include maintaining a minimum 15% equity post-project, and in cases of partnerships, a minimum three-year partnership agreement must be provided. Applicants are also required to present detailed project costs, a timeline, viable three-year financial forecasts, and financial statements from the past three years. Specific commitments apply to project completion and initiation timelines depending on the project's nature.

grant_eligibility_criteria|who_cannot_apply

This grant excludes certain companies and industries based on their activities or the nature of their projects. The restrictions are in place to ensure alignment with tourism-focused development objectives.

Real estate development projects without an active tourism link.
Businesses of a religious, sexual, political nature, those involved in gambling and alcohol sales, or any activity that could harm DEV.
Projects with expenses incurred before January 1, 2023.
Companies upgrading in relation to health measures.
Wages and operational expenses of the main business.
Consultancy fees where entrepreneurs have a participation stake, and recurrent expenses.

grant_single_labels|register

Here are the steps to apply for the Développement Vaudreuil-Soulanges — Prêt convertible – Développement touristique:

Step 1: Assess Eligibility and Requirements
Ensure your project aligns with the 2022-2026 tourism development priorities of Vaudreuil-Soulanges.
Confirm your business meets the financial equity requirements and, if applicable, establish any required partnerships.
Step 2: Prepare Required Documentation
Compile a detailed project cost analysis.
Create a project schedule and viable budget forecasts for three years.
Gather financial statements for the past three years.
If applicable, prepare the partnership agreement for inclusion in your application.
Step 3: Complete Application Form
Fill out the application form for the Prêt convertible – Développement touristique.
Step 4: Submit Application
Email the completed application form and all required documentation to ngagnon@developpementvs.com.
Step 5: Await Response
Contact Angélique L’Écuyer for additional information or clarification if needed via email at alecuyer@developpementvs.com or phone at 450 424-2262, ext. 3239.

grant_single_labels|otherInfo

Here are additional relevant details for this grant:

DEV holds the discretion to withdraw from the financial arrangement if the project no longer meets the criteria or is altered without their approval.
If the project is terminated before the end of the loan period, the remaining principal amount becomes due and will incur interest at a rate of 5%.