MRC Abitibi — The Local Solidarity Fund (FLS)

The Local Solidarity Fund (FLS) provides financing support to stimulate local entrepreneurship through various financial solutions. The modalities focus on providing repayable financial assistance to eligible enterprises.

• Offers repayable financial assistance in the form of loans to facilitate business projects.
• Funding is aimed at supporting both new and existing enterprises to create and maintain jobs on the MRC of Abitibi territory.
• Special terms may apply for projects related to the acquisition of existing businesses.

Eligibility for the Fonds locaux at CLD Abitibi is based on specific criteria related to the business's legal status and location.

• The enterprise must be legally constituted and registered with the Registraire des entreprises du Québec (REQ).
• The enterprise's head office must be located within the territory of the MRC d’Abitibi.
• The enterprise must generate economic benefits within the MRC d’Abitibi.
• All forms of legal business entities are eligible, but for non-profit organizations (NPOs), only those that are social economy enterprises are eligible.

Who is eligible?

Eligible applicants for the Fonds locaux under the CLD Abitibi include legally constituted businesses registered with the Quebec Enterprise Register (REQ) that have their head offices located within the MRC d’Abitibi. These businesses must generate economic benefits on this territory. All legal forms of businesses are eligible; however, for non-profit organizations (NPOs), only those involved in social economy are eligible and must meet additional specific conditions.

Eligible geographic areas

The Local Solidarity Fund is accessible to companies whose headquarters are situated within a specific area to promote regional economic benefits. Eligible areas are defined to align with the local economic development strategy.

• Companies located within the territory of the MRC d’Abitibi.

Here are additional relevant details for these funds:

• The Fonds local d’investissement includes a specific component called FLI-Relève which specifically supports entrepreneurs planning to take over an existing business, with loans ranging between $5,000 and $35,000.
• The FLI-Relève allows for a repayment moratorium of up to one year.
• There is a non-repayable financial support measure available to assist businesses with occasional needs following the funding of a business project through the local funds.