How much funding can be received?

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.

grant_single_labels|terms_and_conditions

This grant provides diversified financing modalities to support entrepreneurs and businesses in the MRC de La Matanie. These funding options are designed to facilitate business creation, expansion, and economic development.

Local Investment Funds provide contributions that can be either repayable or non-repayable, based on the project requirements.
Repayable contributions come with an interest-free period of 24 months and include a six-month capital repayment holiday.
Investments are capped at $250,000, emphasizing significant ownership stakes in business acquisitions.
Non-repayable contributions through various programs target employment creation, business consolidation, and innovation support.
Specific non-repayable support for socio-economic, cultural, and structurally impactful community projects.

grant_single_labels|projects

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.

grant_single_labels|admissibility

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.

grant_eligibility_criteria|who_can_apply

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.

grant_eligibility_criteria|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.

grant_eligibility_criteria|zone

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.

grant_single_labels|register

Here are the steps to submit an application for this grant:

Step 1: Review Eligibility and Program Criteria
Examine the detailed information about the various programs offered by DEM, such as the Fonds locaux d’investissement and the Programme d’accompagnement des entreprises.
Ensure your project aligns with the objectives of these programs, such as creating and supporting viable businesses, financing business expansions, or developing employment in the MRC de La Matanie.
Step 2: Gather Necessary Documentation
Prepare relevant business documents, such as project plans, financial statements, and evidence of business viability.
Collect any necessary professional endorsements or support letters that may strengthen your application.
Step 3: Develop Project Proposal
Draft a comprehensive proposal that outlines your project objectives, anticipated outcomes, and alignment with the funding priorities of the DEM programs.
Ensure your proposal clearly addresses how your project will support sustainable job creation and contribute to the regional economy.
Step 4: Submit Application
Use the contact information provided to initiate your application process by getting in touch with one of the listed contacts, such as Jean Langelier or Dominic Noël.
Submit your completed proposal and any supplementary documents as per the guidelines provided by the DEM funding body.
Step 5: Confirmation and Follow-Up
Await confirmation of receipt of your application from the appropriate DEM contact.
Be prepared to provide additional information or clarification if requested by the funding body.

grant_single_labels|otherInfo

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.

grant_single_labels|contact

418 566-4222

Apply to this program

An Opportunity for Business Financing and Community Development

The DEM grant program offers financial support through repayable contributions and non-repayable contributions to foster viable business projects and community development in the MRC de La Matanie. It is designed to accelerate entrepreneurial initiatives and enhance the socio-economic landscape of the region.

Support and Growth through Targeted Financing Programs

The DEM grant initiative is a pivotal financial driver for businesses within the MRC de La Matanie, aiming at sustainable economic growth and community renewal. Its multifaceted approach to funding is captured through various programs tailored to meet diverse business needs. Whether a business is in the startup phase, poised for expansion, or transitioning ownership, the DEM grants help not just with financial backing but also with strategic guidance. The Funds Locaux d'Investissement (FLI) are a standout feature, particularly with specialized components like the FLI Volet Relève, which supports entrepreneurs acquiring significant stakes in existing businesses. This specific stream champions economic continuity and the creation of durable employment by alleviating the financial burden through interest-free conditions in the initial phase.

Similarly, the Programme d'accompagnement des entreprises (PAE) focuses on enhancing business resilience and competitiveness. By offering non-repayable contributions, the program ensures businesses can access professional expertise, expand market reach, and consolidate their operations without the immediate pressures of financial repayment. Such strategic financial assistance aims to shore up sectors that need revitalization, particularly in regions experiencing under-service.

The importance of community-driven projects is also emphasized through non-repayable contributions under the Programme de développement des communautés. By encouraging cross-municipal collaborations and projects with wide-reaching economic, social, or cultural impacts, this program ensures that developments not only serve immediate community needs but also forge stronger inter-community ties and economic synergies.

In addition to financial backing, the DEM grants underscore its commitment to strategic community building with structured interventions in social, cultural, and environmental initiatives. This holistic approach to funding mirrors the strategic vision of MRC de La Matanie, promoting regional identity, cohesion, and an integrated image. As such, it positions itself as not just a financial benefactor but as a key catalyst for comprehensive regional development. For businesses and organizations looking to leverage these funding opportunities, the DEM grants provide a pathway not just to enhance individual growth but to contribute meaningfully to MRC de La Matanie’s collective prosperity.

In exploring these dynamic financing avenues, beneficiaries are encouraged to consult DEM partners and collaborators. This cooperative framework helps recipients navigate the financial options tailored to their projects’ specificities, thereby establishing an optimal financing structure. By engaging with these stakeholders, grant applicants can synthesize an approach that aligns closely with their visionary goals and operational realities. Consequently, the DEM programs effectively serve as a launchpad for entrepreneurs and communities aiming to elevate their developmental trajectories, sustainably and innovatively.