Développement Vaudreuil-Soulanges — PCDT

This convertible loan program provides financing options that cater to tourism-related projects in Vaudreuil-Soulanges, with potential for conversion to a grant under specified conditions. The program aims to support tourism development initiatives by offering structured financial terms.

• Financing amounts range from $10,000 to $40,000, subject to DEV's discretion and fund availability.
• Interest rate of 2% during the operation phase, maintained for up to 60 months.
• Loan amortization period set at 60 months.
• Maximum moratorium of 24 months on capital repayment.
• Early project termination results in the capital balance becoming due and accruing interest at 5%.

Eligibility for the Développement Vaudreuil-Soulanges — PCDT grant is defined by specific criteria that applicants must meet.

• The applicant must be a tourist business located in the Vaudreuil-Soulanges territory.
• The project should align with the development opportunities and challenges identified in the Vaudreuil-Soulanges Tourism Development Plan 2022-2026.
• The applicant must be an existing business or an entrepreneur aiming to develop a new emerging sector, either independently or in partnership with an existing tourism business.
• The company's equity must reach at least 15% post-project completion, although this may vary depending on the project's and promoters' quality.
• In the case of a partnership, it must be established for a minimum of three years, and a partnership agreement must be included in the application.
• The applicant company must provide a detailed project cost, a timeline for completion, viable three-year financial forecasts, and financial statements from the past three years (income statement and balance sheet).
• If the project plan is altered without DEV's approval, DEV reserves the right to withdraw from the financial arrangement.

Who is eligible?

The Développement Vaudreuil-Soulanges — PCDT grant is available for tourism businesses located in the Vaudreuil-Soulanges region that meet certain eligibility criteria. These criteria include aligning with the development opportunities and challenges identified in the Vaudreuil-Soulanges Tourism Development Plan 2022-2026. Eligible applicants can be existing tourism businesses or entrepreneurs wishing to develop a new emerging sector alone or in partnership with an existing tourism business. Additionally, the project equity must be at least 15% after completion, although this requirement may vary depending on the quality of the promoters and the project. Any partnership involved must be for a minimum of three years, and a partnership agreement must be submitted as part of the application. Furthermore, applicants must provide detailed project costs, a timeline for completion, viable three-year financial forecasts, and financial statements from the past three years. Projects not primarily tourism-related must demonstrate their capacity to attract external clientele to the region. Real estate development projects without active tourism links, businesses with religious, sexual, political, gambling, or alcohol sales themes, and those that could harm the reputation of DEV are excluded. Non-eligible expenses include operating costs, salaries, marketing expenses, consultant fees within owned businesses, vehicle purchases, and professional fees for business or financial planning. Projects also need to meet specific conditions regarding timelines for construction or other types of projects.

Who is not eligible

This grant excludes certain companies and industries due to their status or main activity. The restrictions aim to focus support on tourism-related projects that contribute to regional development.

• Companies with religious, sexual, political, gambling, or alcohol-related activities.
• Real estate development projects without an active tourism link.
• Businesses with operations that could harm the reputation of Développement Vaudreuil-Soulanges.
• Expenditures related to projects carried out before January 1, 2023.
• Upgrades linked to health measures.
• Salaries and operational costs of the principal business.
• Consultant fees for businesses where the entrepreneur has an ownership interest.

Eligible geographic areas

This grant is available exclusively to companies located within the Vaudreuil-Soulanges region. This ensures that the financial aid supports local tourist development priorities outlined in the regional plan.

• Vaudreuil-Soulanges