MRC Caniapiscau — Joint FLI/FLS investment

• Business plan, mandatory for startup projects
• Projected financial statements for 3 years
• Financial statements for the last three years, plus interim statements if the financial statements are more than six months old or if the business is less than one year old
• Offer to sell for succession or acquisition files
• Personal balance sheet

Who is eligible?

Eligible applicants for the FLI/FLS investment policy include legally constituted for-profit businesses under the laws of Quebec or Canada, as well as collective enterprises such as cooperatives and non-profit organizations as defined by the Social Economy Act. Additionally, businesses must operate within the MRC territory and have their headquarters in Quebec. They must be registered with the Quebec Business Registry (REQ).

Who is not eligible

This grant excludes certain applicants based on their status or involvement in specific industries. These restrictions ensure alignment with the intended economic and social impact goals.

• Applicants registered in the Register of enterprises ineligible for public contracts (RENA).
• Entities with recent financial non-compliance with governmental directives.
• State-owned enterprises or those indirectly controlled by any level of government.
• Businesses under protection from bankruptcy or insolvency proceedings.
• Companies with unethical practices potentially tarnishing the government's image.
• Entities with poor environmental responsibility records.
• Businesses with a history of violating labor standards or human rights legislation.
• Industries involving armament production or distribution.
• Companies engaged in fossil fuel-related activities, except those transitioning to low-carbon models.
• Gambling and betting enterprises.
• Businesses involved in activities like violent gaming or animal combat sports.
• Enterprises in the sex industry, including erotic bars and escort agencies.
• Real estate management and development activities, with some exceptions.
• Businesses focused on tobacco or drug-related products, with specified exclusions for pharmaceutical-grade cannabis and industrial hemp.

Eligible expenses

The grant covers specific expenses related to the start-up, improvement, transformation, growth, and expansion of businesses, as well as entrepreneurial succession projects.

• The need for additional working capital compared to current operating expenses, necessary for the realization of the project's business, for a maximum period of two (2) years corresponding to the year of project realization and the following year, and determined based on justified and reasonable expenses.
• Capital expenditures strictly and directly related to the realization of the business project, such as the acquisition of technology, land, buildings, equipment, machinery, and rolling stock, as well as construction, expansion, renovation, and development of the land and premises.
• Professional fees prior to the realization of the business project, such as feasibility analysis, external audit, or impact study.
• Professional fees strictly and directly related to the realization of the business project, such as the implementation of technology, equipment, and machinery, as well as acquisition, construction, renovation, and development of land and premises.
• Expenses for the acquisition of ownership titles of the targeted company (voting shares or units) and assets of the targeted company in the case of entrepreneurial succession projects.
• Professional fees strictly and directly related to the transaction and acquisition of the company as well as the transfer of company management in entrepreneurial succession projects.

Ineligible Costs and Activities

• Pre-startup projects.
• Projects limited only to subcontracting or the privatization of operations that only shift economic activity and jobs from one organization to another.
• The simple purchase of shares or assets that is not part of a transfer of direction and ownership to ensure business continuity.

Eligible geographic areas

• MRC de Caniapiscau

The selection of projects for this grant focuses on specific investment criteria to ensure alignment with the economic, environmental, and operational sustainability goals.

• Economic viability of the funded enterprise, ensuring profitability and repayment capability.
• The knowledge and experience of the promoters, including relevant industry and management skills.
• Environmental and societal impacts of the enterprise, emphasizing sustainable business practices.
• Openness towards workers and labor relations approach.
• Non-reliance on subcontracting or privatization of operations that would displace economic activities and jobs.
• Involvement of other financial partners, such as financial institutions and promoter's equity.
• Sustainability of the local funds, ensuring balanced portfolio management.

• Choose how to present the business file: a complete business plan, an executive summary, or the MRC financial aid form.
• Complete the MRC form with the key information required by the municipality, including the requested financing type and project type.
• Return the form before signing so the MRC can validate that all required information is present.

• The MRC analyzes the file, assesses risk, and prepares recommendations for the CIC.
• Eligible files are reviewed by the CIC based on the joint FLI/FLS investment policy and the general objectives for local and regional development.
• The CIC submits its recommendations to the council of the MRC de Caniapiscau for approval.
• The MRC or its recognized economic development service prepares financing offers linked to the CIC decisions, as well as repayment schedules, correspondence, client meetings, invoicing, and collection steps.

• Sections 1, 2 and 3 are optional if you attach a complete CV.