
MRC Beauce-Sartigan — Social Economy Enterprise Development Fund (FDEÉS)
At a glance
- Max. $10,000
- Up to 50% of project cost
- Unspecified
- Other services (except public administration)
- Public administration
Overview
The Fonds de développement des entreprises d'économie sociale (FDEÉS) provides interest-free loans ranging from $5,000 to $20,000, supporting projects that enhance quality of life through novel social enterprises in the MRC de Beauce-Sartigan. Eligible activities include financially viable projects by non-profit organizations or cooperatives that produce goods and services, create sustainable jobs, and generate at least 20% of their revenues autonomously.
Financing terms and conditions
This grant offers interest-free loans to support the development of social economy enterprises within the MRC of Beauce-Sartigan. The financing modalities are structured to enhance financial sustainability and support job creation in the region.
- Interest-free loans ranging from $5,000 to $20,000.
- Funding amount not exceeding 50% of the total project cost.
- Loan amortization period is based on the organization's repayment capacity, with a maximum duration of 8 years.
Activities funded
Eligible projects for this grant are those aimed at improving the quality of life by supporting social ventures that produce goods and services typically not offered by the traditional public or private sectors. These projects should also strive towards being self-financing while fostering sustainable job creation.
- Development of new goods and services within social enterprises or cooperatives that address unmet needs in the community.
- Projects that focus on the creation of long-term, sustainable employment in the social economy sector.
- Initiatives that generate a diversified revenue stream to meet the financial viability requirements of nonprofit organizations and cooperatives.
- Programs that enhance self-reliance by achieving autonomous revenue generation, covering at least 20% of an organization's income.
Eligibility
Eligibility for this grant is determined by specific requirements related to the organization's location, operations, and financial health.
- The organization must be a non-profit or cooperative.
- The organization must have a place of business on the territory of the MRC de Beauce-Sartigan.
- The organization must primarily serve the territory of the MRC de Beauce-Sartigan.
- The organization must produce goods and services.
- The organization must be financially viable.
- The organization must create sustainable employment.
- The organization must have diversified sources of funding.
- The organization must generate autonomous revenue representing at least 20% of the organization's total revenue.
Who is eligible?
The Fonds de développement des entreprises d'économie sociale (FDEÉS) is open to non-profit organizations (OBNL) and cooperatives that have a business location and primarily serve the territory of the MRC de Beauce-Sartigan. These organizations must engage in the production of goods and services, demonstrate financial viability, create sustainable employment, have diversified sources of funding, and generate at least 20% of their income autonomously.
Eligible geographic areas
This grant is specifically available to organizations situated within the MRC of Beauce-Sartigan. Eligible locations are targeted to support regional development and social enterprise growth in this area.
- Organizations located in the MRC of Beauce-Sartigan.
How to apply
Initial contact
Preparation of the request
- Prepare a detailed description of the project including social and economic objectives.
- Gather documents proving the financial viability of the organization.
- Prepare evidence of diversified funding and self-generated income representing at least 20% of the organization's revenues.
- Document the structure of the business and the nature of the jobs created.
Consultation
Submission of the request
- Submit the application accompanied by all the required supporting documents.
- Ensure that the complete submission complies with the program's requirements.
Additional information
Here is additional relevant detail for this grant:
- The loan amount is interest-free, providing a financial advantage for social economy enterprises and cooperatives.
Contacts
Frequently Asked Questions about the MRC Beauce-Sartigan — Social Economy Enterprise Development Fund (FDEÉS) Program
What is the MRC Beauce-Sartigan — Social Economy Enterprise Development Fund (FDEÉS)?
How much funding can be received?
What expenses are eligible under MRC Beauce-Sartigan — Social Economy Enterprise Development Fund (FDEÉS)?
What is the deadline to apply?
Is the MRC Beauce-Sartigan — Social Economy Enterprise Development Fund (FDEÉS) a grant, loan, or tax credit?
Who are the financial supporters of the MRC Beauce-Sartigan — Social Economy Enterprise Development Fund (FDEÉS)?
Who is eligible for the MRC Beauce-Sartigan — Social Economy Enterprise Development Fund (FDEÉS) program?
Who can I contact for more information about the MRC Beauce-Sartigan — Social Economy Enterprise Development Fund (FDEÉS)?
Where is the MRC Beauce-Sartigan — Social Economy Enterprise Development Fund (FDEÉS) available?
Are women eligible for the MRC Beauce-Sartigan — Social Economy Enterprise Development Fund (FDEÉS) program?
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