Développement Vaudreuil-Soulanges — PARÉE

The Développement Vaudreuil-Soulanges — PARÉE grant provides structured financial support to enhance business capabilities through loans and non-repayable assistance, tailored to different project phases. The funding modalities vary between industrial and commercial/tourism sectors to address unique requirements.

• For industrial sector projects, loans available range from $3,000 to $90,000, with a financing rate of 4% and amortization periods of 36 to 60 months, depending on the project phase.
• Non-repayable aid for industrial projects is offered from $1,000 to $15,000, based on the selected project phase and until funds are exhausted.
• Commercial and tourism sector businesses can access loans between $3,000 and $30,000 at a 6% financing rate, with a 36-month amortization period.
• Non-repayable aid for commercial and tourism initiatives ranges from $1,000 to $9,000, dependent on project criteria and available funding.
• Interest moratorium of 3 months on principal capital is applicable to all loans.
• No file opening fee is charged for industrial projects, while a 1.5% fee of the loan amount applies to certain phases of project realization.

Eligibility for this grant is determined by specific criteria regarding the company's operations and proposed projects.

• The company must have been operating in Quebec for at least one year.
• The company must have sales ranging from $500,000 to $10,000,000 for industrial enterprises or $250,000 to $5,000,000 for commercial and tourist enterprises.
• The project proposed by the company must be well-defined in terms of needs and objectives.
• The company must have the financial, human, and material capacity to complete the project.
• The company must demonstrate the market viability of the project.

Who is eligible?

The Développement Vaudreuil-Soulanges — PARÉE grant is aimed at industrial, commercial, and tourism businesses operating within the Vaudreuil-Soulanges territory. Industrial businesses in sectors such as manufacturing, fabrication, distribution, wholesale businesses, warehousing, and related services can apply. Also eligible are commercial and tourism businesses in sectors like retail, food services, service enterprises, and digital transition-focused tourism businesses. To qualify, industrial businesses must have been operating in Quebec for at least one year and have sales between $500,000 and $10 million, while commercial and tourism enterprises need at least one year of activity in Quebec and sales between $250,000 and $5 million. Additionally, projects must be well-defined and demonstrate market viability, with the necessary financial, human, and material resources in place to successfully execute the projects.

Who is not eligible

The grant guidelines do not specify any particular industries or companies that are excluded from eligibility beyond the outlined criteria. As such, all businesses must meet the described criteria to ascertain their suitability for this funding program.

Eligible expenses

The PARÉE grant supports expenses that facilitate business recovery, digital transition, and operational efficiency improvement.

• Workshops and training sessions related to digital transition.
• In-company consultations and micro-diagnostics for business evaluation.
• Feasibility studies for 4.0 transition and digital transformation projects.
• Implementation and execution of defined projects aimed at business advancement.

Eligible geographic areas

This grant is accessible to businesses situated within the Vaudreuil-Soulanges region as specified by the program guidelines. Eligibility is focused on supporting regional economic development in this particular area.

• Companies located in Vaudreuil-Soulanges.