Développement Vaudreuil-Soulanges — PCDT
QC, Canada
Convertible loan for priority tourism development in Vaudreuil-Soulanges
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|fromMinToMax
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- Accommodation and food services
grant_single|grantors
- Développement Vaudreuil-Soulanges
grant_single|status
grant_card_status|open
grant_single_labels|preview
The Développement Vaudreuil-Soulanges — PCDT offers a convertible loan up to $40,000 to support priority tourism projects, which could be partially or fully converted into a grant after certain operational periods. The program aims to aid in the start-up, sustainability, and diversification of tourism services in the region.
grant_single_labels|terms_and_conditions
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%.
grant_single_labels|projects
This grant supports tourism development projects that align with the strategic objectives of the Vaudreuil-Soulanges 2022-2026 Tourism Development Plan. It aims to enhance, diversify, and sustain the tourism offerings in the region.
- Tourism projects identified as a priority within the Vaudreuil-Soulanges 2022-2026 Tourism Development Plan.
- Development of new or emerging tourism sectors by existing businesses or in partnership with established tourism enterprises.
grant_single|admissibleProjectsExample
$ 50,000
Develop a renewable energy microgrid for remote areas
$ 15,000
Create a youth mentorship program in technology fields
$ 17,000
Establish a bilingual educational platform for immigrants
$ 25,000
Implement a tech-driven waste recycling initiative
$ 21,000
Launch a community-based art therapy program
$ 18,000
Upgrade eco-friendly packaging for local organic products
grant_single_labels|admissibility
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.
grant_eligibility_criteria|who_can_apply
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.
grant_eligibility_criteria|who_cannot_apply
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.
grant_eligibility_criteria|zone
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
grant_single_labels|register
- Step 1: Obtain and Fill the Application Form
- Download or obtain the Prêt Convertible Développement Touristique application form.
- Accurately fill out all required sections of the form with relevant project and business information.
- Step 2: Prepare Supporting Documentation
- Gather detailed project cost breakdown and timeline for completion.
- Prepare viable three-year financial projections.
- Compile the financial statements for the past three years, including balance sheets and income statements.
- Draft a partnership agreement if applicable, to include in the application dossier.
- Step 3: Submit the Application
- Send the completed application form along with all required documentation to ngagnon@developpementvs.com.
- Ensure the submission is sent before initiating any project-related expenses or activities.
- Step 4: Contact for Assistance
- For more information, contact Angelique L'Écuyer, Commissioner for Tourism Offer Development, at alecuyer@developpementvs.com or by phone at 450 424-2262, ext. 3239.
grant_single_labels|contact
alecuyer@developpementvs.com
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