MRC La Matanie — FLI Succession Stream
- Open continuously
Overview
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.
At a glance
Funding available
- Develop an online presence
- Reduce environmental footprint
- Develop workforce skills
- Maximum amount : 250,000 $
- Open continuously
Eligible candidates
- Retail trade
- Accommodation and food services
- La Matanie
- Matane
- Bas-Saint-Laurent
- Quebec
- For-profit business
- Social economy enterprise
- All revenue ranges
- All organization sizes
- Rural or Northern Residents
- Startups
Next Steps
Activities funded
This grant aims to support entrepreneurs in acquiring significant ownership in existing businesses, as well as fostering employment and economic development in the MRC de La Matanie region. The eligible projects focus on business acquisition, support for sustainable job creation, and activities that enhance the overall economic environment.
- Acquisition of at least 25% ownership in an existing business.
- Projects that finance business succession and continuity.
- Initiatives that support sustainable job creation and employment development.
- Projects contributing to the economic development of the MRC de La Matanie.
Eligibility
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.
Additional information
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.