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MRC Abitibi-Ouest — Local Investment Funds - Quebec - Canada
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MRC Abitibi-Ouest — Local Investment Funds

Investment fund for economic impact businesses in Abitibi-Ouest
MRC Abitibi-Ouest
Last Update: March 4, 2026
Funding available
$ 250,000
Timeline
  • Open Date : January 1, 2023
  • Closing date : December 31, 2023
Location
Abitibi-Témiscamingue, Quebec, Canada

Overview

The Fonds locaux d’investissement (FLI) and Fonds local de solidarité (FLS) provide up to $250,000 in repayable financial assistance to businesses with an economic impact in Quebec, aiming to support their development and job creation or preservation in the MRC of Abitibi-Ouest. Eligible activities include projects by for-profit businesses and collective enterprises with commercial activities operating and headquartered in Quebec.

/100
Opportunity Score
Moderate potential, but conditions must align.

At a glance

Funding available

Financing goals
  • Attract or retain talent
Eligible Funding
  • Maximum amount : 250,000 $
  • Up to 20% of project cost
Timeline
  • Open Date : January 1, 2023
  • Closing date : December 31, 2023

Eligible candidates

Eligible Industries
  • All industries
Location
  • Abitibi-Ouest
  • Abitibi-Témiscamingue
  • Quebec
Legal structures
  • Non-profit
  • Public or Parapublic institution
  • For-profit business
  • Social economy enterprise
  • Non-financial cooperative
Annual revenue
  • All revenue ranges
Organisation size
  • All organization sizes
Audience
  • Rural or Northern Residents
  • Startups
Non-profit candidates
Sector of operation
  • Economic, Social and Community Development
  • Business Associations
Target groups
  • Rural / Remote communities
  • Business owners / entrepreneurs
  • Nonprofits / charities
Revenue structures
  • Mixed revenue (50%+ earned)
Scope
  • Regional

Next steps

1
Determine your project
2
Validate your eligibility

Activities funded

This grant focuses on boosting the economic impact of businesses operating within the MRC d’Abitibi-Ouest. Eligible projects are those that aim to develop the enterprise and contribute to job creation or retention in the region.

  • Projects that enhance the growth and expansion of Quebec-based businesses.
  • Initiatives that help preserve existing jobs within the company.
  • Activities aimed at increasing the current operational capabilities of local businesses.

Eligibility

Who is eligible?

The "Fonds locaux" are accessible to for-profit businesses legally constituted under the laws of the Government of Quebec or Canada, conducting business in the MRC d'Abitibi-Ouest area, and having their head office in Quebec, provided they are registered with the Quebec Enterprise Register (REQ). Additionally, collective enterprises such as cooperatives and non-profit organizations (NPOs) with commercial activities, as defined under the Law on Social Economy (RLRQ, chapter E 1.1.1), are also eligible, though they must meet conditions specified in annex "A" of the investment policy.

Eligible geographic areas

This grant is focused on supporting businesses located within a specific regional jurisdiction. Eligible companies must be operating on the territory specified by the funding organization.

  • Companies operating on the territory of the MRC of Abitibi-Ouest.
  • Businesses with headquarters in Quebec.

Additional information

Here are additional relevant details for this grant:

  • The financial assistance provided is a repayable loan.
  • The possibility of a capital repayment moratorium is offered, although interest remains payable monthly.
  • It is possible to repay the loan fully or partially at any time without penalty or prior notice.
  • A minimum equity requirement of 15% is stipulated for both new projects and existing businesses, with a typical requirement of 20%.
  • A dedicated application form is required, which should be completed with assistance from their development advisors.
  • Development advisors are available to assist entrepreneurs throughout their project stages.
  • Contact information for development advisors is provided for those seeking further information about the program.

Frequently Asked Questions about the MRC Abitibi-Ouest — Local Investment Funds Program

Here are answers to the most common questions about the MRC Abitibi-Ouest — Local Investment Funds. 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 MRC Abitibi-Ouest — Local Investment Funds?

The Fonds locaux d’investissement (FLI) and Fonds local de solidarité (FLS) provide up to $250,000 in repayable financial assistance to businesses with an economic impact in Quebec, aiming to support their development and job creation or preservation in the MRC of Abitibi-Ouest. Eligible activities include projects by for-profit businesses and collective enterprises with commercial activities operating and headquartered in Quebec.

How much funding can be received?

MRC Abitibi-Ouest — Local Investment Funds Funds up to 20% of admissible expenses, capped at $250,000 per project.

What is the deadline to apply?

The application deadline for this grant program was December 31, 2023.

Who is eligible for the MRC Abitibi-Ouest — Local Investment Funds program?

To be eligible for the MRC Abitibi-Ouest — Local Investment Funds program, you must: The company must be a legally constituted for-profit enterprise under the laws of Quebec or Canada, operating in the territory of the MRC d'Abitibi-Ouest and headquartered in Quebec, registered with the Registre des entreprises du Québec (REQ). Collective enterprises (cooperatives and non-profits) with commercial activities, as defined by the Social Economy Act (RLRQ, chapter E 1.1.1), are also eligible, subject to additional conditions outlined in the investment policy.

What expenses are eligible under MRC Abitibi-Ouest — Local Investment Funds?

This grant focuses on boosting the economic impact of businesses operating within the MRC d’Abitibi-Ouest. Eligible projects are those that aim to develop the enterprise and contribute to job creation or retention in the region. Projects that enhance the growth and expansion of Quebec-based businesses. Initiatives that help preserve existing jobs within the company. Activities aimed at increasing the current operational capabilities of local businesses.

Where is the MRC Abitibi-Ouest — Local Investment Funds available?

The MRC Abitibi-Ouest — Local Investment Funds program is available Abitibi-Témiscamingue, Quebec.

Is the MRC Abitibi-Ouest — Local Investment Funds a grant, loan, or tax credit?

MRC Abitibi-Ouest — Local Investment Funds is a Loans and Capital investments

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