
Economic Diversification Fund (FDE) for the MRC des Sources territory
Last Update: July 22, 2025
QC, Canada
Supports economic diversification and business development in MRC des Sources
At a glance
Eligible Funding
- No Condition
Timeline
- Open Date : April 1, 2017
- Closing date : March 31, 2022
Financing Type
Grant and Funding
Eligible Industries
- Construction
- Manufacturing
- Wholesale trade
- Retail trade
- Transportation and warehousing
- Information and cultural industries
- Professional, scientific and technical services
- Accommodation and food services
- Other services (except public administration)
- Public administration
Program status
archived
Overview
The Economic Diversification Fund (FDE) for the MRC des Sources offers up to $25.5 million in financial support to encourage economic diversification in the region. The program funds projects led by SMEs, including business startups and initiatives that create jobs and foster local investment.
Financing terms and conditions
- A total financial assistance amount of $25.5 million was allocated for projects between April 1, 2017, and March 31, 2022.
- From April 10, 2013, to March 31, 2022, the program contributed to the creation of 338 jobs and generated $140 million in local economic investment.
- Support provided included funding for 26 SMEs and enabled the completion of 42 projects.
- For every $16 million granted in assistance, 125 full-time equivalent jobs were created.
Activities funded
- Implementation of business projects by SMEs to support economic diversification in the MRC des Sources territory.
- Development initiatives that contribute to increasing business revenue and growth.
- Start-up or newly created business projects.
- Projects that foster job creation within the region.
- Initiatives aligned with local priority economic sectors.
Eligibility
- The applicant must be a business located within the territory of the MRC des Sources.
- The project must support economic diversification within the MRC des Sources area.
- The project must demonstrate coherence with the fund's objectives and government priorities.
- Priority is given to projects aligned with the five priority sectors identified by the fund.
Who is eligible?
- Small and medium-sized enterprises (SMEs) located in the MRC des Sources territory
- Startups or newly created businesses operating in the MRC des Sources
Eligible geographic areas
- MRC des Sources territory
Selection criteria
- Coherence of the project with the objectives of the Economic Diversification Fund for the MRC des Sources.
- Potential of the project to create employment in the territory.
- Expected positive socioeconomic impacts for the local economy.
- Alignment with government priorities and avoidance of overlap with other government support programs.
- Assessment of efficiency and leverage effect of the funding requested.
Additional information
- The program has a strong emphasis on economic diversification within the MRC des Sources, and ongoing efforts will ensure the term is clearly defined for continuous improvement.
- Monitoring mechanisms may be implemented to systematically collect post-completion data on project outcomes, such as job creation and economic impacts.
- Coordination and complementarity with other Quebec government programs, especially the Fonds régions et ruralité (FRR), are a focus for reducing overlap and maximizing impact.
- Emphasis is placed on sustainable development principles in both fund management and supported projects.
Contacts
evaluation@economie.gouv.qc.ca
QC, Canada
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Frequently Asked Questions about the Economic Diversification Fund (FDE) for the MRC des Sources territory Program
Here are answers to the most common questions about the Economic Diversification Fund (FDE) for the MRC des Sources territory. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.
What is the Economic Diversification Fund (FDE) for the MRC des Sources territory?
How much funding can be received?
What expenses are eligible under Economic Diversification Fund (FDE) for the MRC des Sources territory?
What is the deadline to apply?
Is the Economic Diversification Fund (FDE) for the MRC des Sources territory a grant, loan, or tax credit?
Who are the financial supporters of the Economic Diversification Fund (FDE) for the MRC des Sources territory?
Who is eligible for the Economic Diversification Fund (FDE) for the MRC des Sources territory program?
Who can I contact for more information about the Economic Diversification Fund (FDE) for the MRC des Sources territory?
Where is the Economic Diversification Fund (FDE) for the MRC des Sources territory available?
Are startups eligible for the Economic Diversification Fund (FDE) for the MRC des Sources territory program?
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