
MRC Abitibi — Local Investment Fund (FLI)
- Open continuously
Overview
The local investment funds at CLD Abitibi offer repayable financial aid in the form of loans, with the Local Investment Fund (FLI) offering a specific FLI-Relève component that provides up to $35,000 to entrepreneurs aiming to acquire at least 25% of an existing business for succession. These funds aim to stimulate local entrepreneurship, support new and existing businesses, and create sustainable employment in the MRC d’Abitibi.
At a glance
Funding available
- Reduce environmental footprint
- Renovate or expand facilities
- Maximum amount : 35,000 $
- Minimum amount : 5,000 $
- Open continuously
Eligible candidates
- All industries
- Abitibi
- Abitibi-Témiscamingue
- Quebec
- For-profit business
- Sole proprietorship
- Social economy enterprise
- All revenue ranges
- All organization sizes
- Rural or Northern Residents
- Startups
Next steps
Activities funded
The Local Investment Fund (FLI) focuses on stimulating local entrepreneurship through access to capital, aiding financially and technically new and existing businesses to create and maintain sustainable jobs in the MRC d'Abitibi territory. Eligible projects involve providing loans and financial support to facilitate sustainable business operations and successful project developments.
- Financial aid to newly formed or existing businesses to encourage local entrepreneurship.
- Support for business projects that result in economic gains within the MRC d'Abitibi territory.
- Funding business transfers with significant stakeholder acquisition, facilitating succession in local enterprises through the FLI-Relève segment.
- Providing financial assistance for critical business areas to ensure the successful implementation of funded projects.
Eligibility
Who is eligible?
Any legally established business (registered with the Quebec Business Register) with its headquarters in the MRC of Abitibi territory that generates economic benefits in that area. All legal forms of business are eligible. However, for non-profit organizations, only social economy enterprises are eligible under certain conditions.
Eligible geographic areas
This grant is available to businesses legally constituted in a specific area to stimulate local economic development. The eligible geographical area is limited to enhance community-focused economic growth.
- Companies with their headquarters located in the MRC d'Abitibi area.
Additional information
Here are additional relevant details for this financing program:
- The FLI-Relève component allows for a repayment moratorium of up to one year, providing flexibility and financial security to entrepreneurs.
Frequently Asked Questions about the MRC Abitibi — Local Investment Fund (FLI) Program
What is the MRC Abitibi — Local Investment Fund (FLI)?
How much funding can be received?
Who is eligible for the MRC Abitibi — Local Investment Fund (FLI) program?
What expenses are eligible under MRC Abitibi — Local Investment Fund (FLI)?
Where is the MRC Abitibi — Local Investment Fund (FLI) available?
Is the MRC Abitibi — Local Investment Fund (FLI) a grant, loan, or tax credit?
Who are the financial supporters of the MRC Abitibi — Local Investment Fund (FLI)?
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