MRC La Matanie — FLI Succession Stream

Who is eligible?

Eligible applicants for the grants include entrepreneurs, groups of entrepreneurs, and companies within the MRC de La Matanie region in Quebec, Canada. Specifically, those seeking support for business creation, expansion, acquisition or succession, employment development, or economic development within the region are targeted. Additionally, accredited social economy organizations formed under Part III of the Quebec Companies Act are also eligible for local funds. Entrepreneurs looking to acquire at least 25% of an existing business are eligible for the FLI Volet Relève.

Eligible expenses

The grant covers specific expenses directly related to various stages and areas of business development and community projects.

• Démarrage/Expansion costs for new or growing businesses.
• Acquisition/Relève expenses related to business succession or purchase.
• Costs for expertise professionnelle such as professional consulting or advisory services.
• Commercialisation expenses to promote and sell products or services.
• Consolidation costs for strengthening existing business operations.
• Support for services in retail and restaurant sectors in underserved rural communities.
• Funding via the La Ruche Bas-Saint-Laurent crowdfunding platform for qualifying projects.

Eligible geographic areas

This grant is designated for companies operating within specific regions under the jurisdiction of the MRC de La Matanie. Eligible locations are focused to bolster local economic initiatives.

• Companies located in the MRC de La Matanie region.

• Step 1: Identify Eligible Programs
• Review the funding programs available on the website, such as Fonds locaux d’investissement, Fonds local de solidarité, and Programme d’accompagnement des entreprises (PAE).
• Identify which program aligns with your specific project needs.
• Step 2: Gather Supporting Documentation
• Prepare financial statements, business plans, and any other necessary documentation that supports your application.
• Ensure that documents are complete and meet any specified requirements of the selected program.
• Step 3: Application Preparation
• Complete the necessary application forms for the selected funding program.
• Draft a detailed project proposal, including project objectives, expected outcomes, and detailed budget breakdowns.
• Step 4: Liaison with Program Contact Person
• Contact the relevant program representative, such as Jean Langelier or Dominic Noël, for guidance and clarification on the application process.
• Schedule a meeting or call to discuss the application and resolve any queries.
• Step 5: Submit Application
• Submit the completed application form along with all required documents to the designated submission address or platform specified by the funding body.
• Ensure submission is made before any stipulated deadlines.
• Step 6: Confirmation of Submission
• Await confirmation of receipt of your application from the fund provider.
• Keep a record of any reference numbers or receipts provided for future reference.

Here are additional relevant details for this grant:

• Non-profit organizations must be accredited social enterprises to be eligible for local funds.
• For the FLI Relève, there is a repayment holiday on principal for the first six months and interest-free for the first 24 months.
• The investment ceiling for the FLI Relève is $250,000.
• The MRC de La Matanie structures its financial support in donations and sponsorships based on five strategic areas: social, cultural, environmental, economic, or sporting activities.
• Strategic projects require an intersectoral approach and collaboration between multiple municipalities to create impactful economic, social, or cultural outcomes.