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MRC La Vallée-de-l'Or — Local Investment Funds FLI-FLS - Val-d'Or - Quebec - Canada
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MRC La Vallée-de-l'Or — Local Investment Funds FLI-FLS

Local financing for business projects in La Vallée-de-l'Or
MRC La Vallée-de-l'Or (MRCVO)
Last Update: April 9, 2026
Funding available
$ 5,000 - $ 150,000
Timeline
  • Open Date : May 17, 2023
Location
Val-d'Or, Abitibi-Témiscamingue, Quebec, Canada

Overview

Local financing supports business start-up, growth, transformation, and succession projects in MRC La Vallée-de-l'Or. Maximum support can reach $300,000 for the FLI, with eligible loans, guarantees, or equity investments depending on the project.
/100
Opportunity Score
Moderate potential, but conditions must align.

At a glance

Funding available

Financing goals
  • Increase performance through digital transformation
  • Increase production or service capacity
  • Increase operational productivity
Eligible Funding
  • Maximum amount : 150,000 $
  • Minimum amount : 5,000 $
  • Up to 80% of project cost
Timeline
  • Open Date : May 17, 2023

Eligible candidates

Eligible Industries
  • Mining, quarrying, and oil and gas extraction
  • Manufacturing
  • Wholesale trade
  • Retail trade
  • Professional, scientific and technical services
  • Health care and social assistance
Location
  • La Vallée-de-l’Or
  • Val-d'Or
  • Abitibi-Témiscamingue
  • Quebec
Legal structures
  • Non-profit
  • Public or Parapublic institution
  • Non-financial cooperative
  • Social economy enterprise
  • For-profit business
Annual revenue
  • All revenue ranges
Organisation size
  • 100 employees maximum
Audience
  • Startups
Non-profit candidates
Sector of operation
  • Economic, Social and Community Development
  • Employment and Training
Target groups
  • Rural / Remote communities
  • Business owners / entrepreneurs
  • Nonprofits / charities
Revenue structures
  • Mixed revenue (50%+ earned)
  • Fee-for-service model
Scope
  • Regional

Next Steps

1
Determine your project
2
Validate your eligibility

Activities funded

  • Business start-up projects.
  • Business improvement and digital transformation projects.
  • Business growth and expansion projects.
  • Entrepreneurial succession and business transfer projects.
  • Business recovery projects under the FLS only.

Eligibility

Who is eligible?

  • For-profit businesses incorporated under Quebec or Canadian law.
  • Social economy enterprises, including cooperatives and eligible non-profits with market activities.
  • Businesses operating in the MRC de La Vallée-de-l'Or.

Who is not eligible

  • Businesses listed in the Register of Enterprises Ineligible for Public Contracts (RENA).
  • Government-owned or government-controlled entities.
  • Businesses under bankruptcy or creditor arrangement protection.
  • Businesses mainly active in weapons, fossil fuels, gambling, violent games, sexual exploitation, tobacco, or drugs.
  • Pre-startup projects and direct financing to individuals, except in business succession cases.

Eligible expenses

  • Working capital needed to carry out the project.
  • Equipment, machinery, technology, vehicles, land, buildings, and related construction or renovation.
  • Professional fees such as feasibility studies, audits, and impact studies.
  • Acquisition of shares, assets, and transaction-related fees for business succession projects.

Ineligible Costs and Activities

  • Pre-development projects.
  • Debt service, loan repayments, and capital replacement.
  • Normal operating expenses and R&D expenses.
  • Transactions between related businesses or partners.
  • Projects in weapons, fossil fuels, gambling, violent games, sexual exploitation, tobacco, drugs, or recreational cannabis.

Eligible geographic areas

  • MRC de La Vallée-de-l'Or, Quebec

Processing and Agreement

  • Applications are analyzed by the MRC financial analyst and reviewed by the investment committee.
  • The committee may issue an opinion, approve, or refuse the request.
  • Decisions can be made quickly, and the committee may meet within 48 hours.
  • Approved projects must enter into a loan agreement with the MRC.
  • Project follow-up and periodic financial reporting may continue after approval.

Additional information

  • The program is managed by the MRC de La Vallée-de-l'Or through its local development team.
  • Applications may be reviewed quickly, and the committee can meet within 48 hours when needed.
  • Approved projects must sign a loan agreement with the MRC.
  • Ongoing financial and management reporting may be required during the project.

Other components of this program

Explore related funding streams and grants that belong to the same program.

Frequently Asked Questions about the MRC La Vallée-de-l'Or — Local Investment Funds FLI-FLS Program

What is the MRC La Vallée-de-l'Or — Local Investment Funds FLI-FLS?

Local financing supports business start-up, growth, transformation, and succession projects in MRC La Vallée-de-l'Or. Maximum support can reach $300,000 for the FLI, with eligible loans, guarantees, or equity investments depending on the project.

How much funding can be received?

MRC La Vallée-de-l'Or — Local Investment Funds FLI-FLS Funds up to 80% of admissible expenses, capped at $150,000 per project.

Who is eligible for the MRC La Vallée-de-l'Or — Local Investment Funds FLI-FLS program?

To be eligible for the MRC La Vallée-de-l'Or — Local Investment Funds FLI-FLS program, you must: Legally incorporated business or social economy enterprise. Registered in Quebec and active locally. Project must match an eligible business stage.

What expenses are eligible under MRC La Vallée-de-l'Or — Local Investment Funds FLI-FLS?

Business start-up projects. Business improvement and digital transformation projects. Business growth and expansion projects. Entrepreneurial succession and business transfer projects. Business recovery projects under the FLS only.

Who can I contact for more information about the MRC La Vallée-de-l'Or — Local Investment Funds FLI-FLS?

You can contact MRC La Vallée-de-l'Or (MRCVO).

Where is the MRC La Vallée-de-l'Or — Local Investment Funds FLI-FLS available?

The MRC La Vallée-de-l'Or — Local Investment Funds FLI-FLS program is available Abitibi-Témiscamingue, Quebec.

Is the MRC La Vallée-de-l'Or — Local Investment Funds FLI-FLS a grant, loan, or tax credit?

MRC La Vallée-de-l'Or — Local Investment Funds FLI-FLS is a Loans and Capital investments