MRC La Matanie — FLI Succession Stream
La Matanie, QC, Canada
Grant program offers financial support for business development activities
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
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- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
Loans and Capital investments
grant_single|eligibleIndustries
- Retail trade
- Accommodation and food services
grant_single|grantors
- MRC La Matanie
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grant_card_status|open
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The grant program offers up to a maximum funding of $250,000 to support entrepreneurs in acquiring significant stakes in existing businesses, financing business start-ups, expansions, and acquisitions to promote economic development and job creation. Eligible activities include business start-up/expansion, acquisition/transition, professional expertise, commercialization, and other value-driven projects in under-served rural areas.
grant_single_labels|projects
This grant is designed to support businesses and organizations in the MRC de La Matanie by encouraging growth, innovation, and the strengthening of local communities. The projects eligible for funding focus on enterprise development, employment generation, and collaborative community projects.
- Creation and support of viable businesses.
- Financing for business start-ups, expansions, and acquisitions/transitions.
- Support for employment development.
- Projects that contribute to the economic development of the region.
- Assisting entrepreneurs to acquire a significant stake in an existing business.
- Non-profit projects in the fields of social, cultural, environmental, economic, or sports activities.
- Structuring projects with a significant impact on the development of communities, living environments, or the regional economy.
grant_single_labels|admissibility
Eligibility for this grant is determined by specific conditions and requirements related to the business profile and project intentions.
- The applicant must operate within the territory of the MRC de La Matanie.
- Entrepreneurs or groups of entrepreneurs must be looking to acquire at least 25% of an existing business value under the FLI volet Relève.
- Eligible projects include business startups, expansion efforts, or business succession/acquisition.
- For the Programme d’accompagnement des entreprises (PAE), the focus is on job creation and retention, business consolidation, and innovation support.
- Eligible entities for the Programme d’accompagnement des entreprises (PAE) must be within the areas such as retail and restaurant services in underserved rural communities.
- Social economy enterprises accredited as non-profit organizations (OBNL) are eligible for local funds under the right conditions.
grant_eligibility_criteria|who_can_apply
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.
grant_eligibility_criteria|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.
grant_eligibility_criteria|zone
This grant is aimed at supporting businesses located within a specific region to foster economic development. The funding is particularly available for companies situated in a defined administrative territory.
- Companies operating within the MRC de La Matanie.
grant_single_labels|register
- 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.
grant_single_labels|otherInfo
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.
grant_single_labels|contact
581
Apply to this program
Strategic Financial Support for Business Growth
This grant offers tailored financial solutions for businesses seeking to grow, acquire, or develop within the MRC de La Matanie, focusing on creating viable enterprises and boosting local economic development. The program provides both repayable and non-repayable contributions, helping companies and entrepreneurs achieve their project goals effectively.
Detailed Overview of the Financial Assistance Programs
The grant initiative is structured to provide comprehensive financial assistance to businesses within the MRC de La Matanie through a variety of supportive programs. The aim is to support economic sustainability and expansion in the region, emphasizing the importance of creating viable businesses and promoting local economic growth. Two primary types of financial support are available: repayable contributions through local investment funds and non-repayable grants under specialized programs.
Repayable contributions focus on accelerating business projects that have the potential to create viable enterprises. The Fonds local d’investissement (FLI) and Fonds local de solidarité (FLS) are crucial in providing the necessary financial tools. These funds are designed to support new ventures, expansions, acquisitions, and business transition projects. They play a vital role in enhancing employment opportunities and contributing to the broader economic landscape of the MRC de La Matanie. The FLI, specifically its Relève component, targets entrepreneurs investing in significant company ownership stakes by offering favorable terms, such as a six-month capital repayment holiday and two years of interest-free financing, with investments capped at $250,000.
On the other hand, non-repayable contributions are administered through programs like the Programme d’accompagnement des entreprises (PAE) and other community-oriented initiatives. These grants aim to bolster local businesses by facilitating startup or expansion phases, aiding in acquisitions or business transitions, and enhancing professional expertise and marketing efforts. The PAE's versatile funding supports consolidation and innovation efforts, targeted particularly at underserved rural retail and food service sectors. These programs also encourage collaborations that foster cross-sector development, thereby supporting the overall economic ecosystem.
Furthermore, the Programme d’octroi de dons et commandites enriches the community by funding initiatives with significant economic, social, cultural, environmental, or sporting impacts. This contribution strengthens community ties and aligns with the strategic objectives of MRC de La Matanie by reflecting the region’s commitment to enhancing its social capital and promoting its brand image through diversified developments. Similarly, the Programme de développement des communautés - volet collaborations spéciales, fosters projects with substantial impacts on local development, integrating multiple municipalities to ensure a sustained economic, cultural, and social influence across the region.
These financial interventions reflect a commitment to nurturing business dynamism and socio-economic development, ensuring that MRC de La Matanie continues to thrive as a vibrant business hub. By aligning themselves with these grant programs, businesses can position themselves for growth, innovation, and success. Access to these financial resources, along with structural support, sets a foundation for emerging and existing businesses to overcome financial barriers and achieve their strategic goals, ultimately contributing to the long-term prosperity of the MRC de La Matanie.
