MRC La Matanie — Local Investment Funds
Overview
The grant program provides a maximum funding of $250,000 to support entrepreneurs in acquiring, expanding, or starting businesses, with a particular focus on sustainable job creation and economic development within the MRC de La Matanie. Eligible activities include business acquisition, professional expertise, marketing, consolidation, and projects in underserved rural retail and restaurant sectors.
At a glance
Funding available
- Develop a new product
- Reduce the ecological footprint
- Develop employee skills
- Maximum amount : 250,000 $
- Open continuously
Eligible candidates
- Retail trade
- Accommodation and food services
- Other services (except public administration)
- Public administration
- La Matanie
- Bas-Saint-Laurent
- Quebec
- For-profit business
- Social economy enterprise
- All revenue ranges
- All organization sizes
- Rural or Northern Residents
- Startups
Activities funded
This grant provides financial support to accelerate the realization of business projects, offering both repayable contributions and non-repayable assistance to encourage economic activity and employment in the region of MRC de La Matanie. The eligible projects focus on business viability, employment development, and community enhancement.
- Creating and sustaining viable businesses through financial support.
- Financing the startup, expansion, or acquisition/transfer of businesses.
- Supporting projects for business succession planning and acquisition.
- Providing funds for employment development initiatives.
- Contributing to the economic development of the territory.
- Maintaining and creating sustainable employment through non-repayable contributions.
- Encouraging business innovation with expertise and commercialization support.
- Supporting retail and restaurant services in underserved rural communities.
- Fostering community projects with structural impacts extending beyond municipalities.
Eligibility
Eligibility for this grant is determined by specific requirements related to the applicant's business profile and intended projects.
- Entrepreneurs must be willing to create and support viable businesses.
- Projects must focus on the start-up, expansion, succession, or acquisition of businesses.
- The initiative should support job development and contribute to the economic development of the MRC de La Matanie territory.
- Entrepreneurs or groups must aim to acquire at least 25% significant participation in an existing business for certain funding options.
- Only accredited social economy enterprises, if formed as non-profits under Part III of the Quebec Companies Act, are eligible for local funds.
- Projects should align with strategic priorities and create direct and indirect community benefits.
Who is eligible?
Entrepreneurs or groups of entrepreneurs wishing to acquire a significant participation in an existing business (at least 25% of the business value) are eligible for the FLI volet Relève. Accredited social economy enterprises are the only non-profits eligible for local funding under this program. For non-repayable contributions, promoters and businesses in the MRC of La Matanie focused on job maintenance and creation, business consolidation, and innovation are eligible. Furthermore, applicants for the donations and sponsorships program must have their activities or events possess significant impact on the territory, and for special collaborations, projects must have a structuring effect on community or economic development with broad territorial impact.
Eligible expenses
The grant offers financial support for various aspects of project development to maintain and create sustainable jobs, consolidate businesses, and support innovation.
- Expenses related to business startup and expansion.
- Costs incurred for business acquisition or succession.
- Professional expertise expenses.
- Commercialization costs.
- Consolidation expenses.
- Service-related expenses in under-served rural retail and restaurant sectors.
Eligible geographic areas
This grant is focused on supporting businesses within the MRC de La Matanie area. Eligible locations are specifically tailored to local economic development objectives.
- Businesses operating within the MRC de La Matanie region.
How to apply
Identify the program
- Consult the various available programs such as FLI, FLS, PAE, etc.
- Analyze the conditions and eligibility corresponding to the project's needs.
Preparation of the request
- Gather the required documents such as the business plan, financial statements, and any other relevant documentation.
- Write a detailed description of the project including the objectives, funding needs, and expected economic benefits.
Contacting
- Contact one of the managers such as Jean Langelier or Valérie Landry-Cayouette to clarify the specific details of the chosen program.
- Set up an appointment if necessary to discuss your project and funding needs.
Submission of the request
- Fill out the application form associated with the targeted program.
- Send all required documents to the address or contact specified by the organization.
- Follow up on the application for any additional questions or information required by the organization.
Confirmation and follow-up
- Wait for confirmation of receipt of the request by the organization.
- Stay in contact with the organization to follow the progress of your file.
Additional information
Here are additional relevant details for this grant:
- The FLI volet Relève offers a six-month capital repayment holiday and no interest for the first 24 months.
- The maximum investment limit for FLI volet Relève is $250,000.
- The Program of Grants and Sponsorships is focused on activities with significant social, cultural, environmental, economic, or sporting impact.
- Projects under the Community Development Program - Special Collaborations must have a structuring effect on community or economic development.
