MRC De la Côte-de-Gaspé - Investment support fund

• The applicant must be a private company with a place of business located within the territory of the MRC de La Côte-de-Gaspé.
• The company must have been in operation for at least 2 years.
• The project must involve investment in capital assets or specialized equipment.
• The initiative should lead to a significant increase in revenue or net profit.
• The company must continue operations and retain the new assets for at least 2 years following the investment.

Who is eligible?

• Privately-owned businesses established in the MRC de La Côte-de-Gaspé territory

Who is not eligible

• Financial cooperatives.
• Restaurants.
• Retail businesses.
• Bed and breakfast establishments.
• Bars and arcades.
• Residential or commercial rental property businesses, except those with a tourism focus.
• Projects of a sexual, religious, or political nature, or activities considered controversial (e.g., dating agencies, war games, weaponry, pawn shops).

Eligible expenses

• Purchase of land or buildings (capital expenses).
• Acquisition or construction of fixed capital assets.
• Purchase of equipment and specialized machinery.
• Purchase of specialized rolling stock (excluding non-specialized vehicles).
• Costs related to business incorporation.
• Acquisition of quotas or any other similar eligible asset.
• Purchase of specialized equipment improving productivity.

Eligible geographic areas

• Businesses with a place of business within the territory of the MRC de La Côte-de-Gaspé.

• The project must involve a minimum investment in capital assets or specialized equipment of at least $10,000.
• The project must demonstrate a significant positive impact on sales revenue or net profit.
• For investments over $2,500, the investment committee will make the decision; for $2,500 or less, the general management will decide.
• The MRC may adjust the grant amount if it considers that the financial support will not have a substantial impact on the project’s financing.

• All approved projects require the signing of an agreement outlining the conditions of financial support and both parties' obligations.
• The MRC reserves the right to adjust the grant amount if the anticipated financial impact is deemed insufficient.
• Certain expenditures may be excluded if they are subject to personal use, such as non-specialized vehicles.
• For funding requests over $2,500, decisions are made by an investment committee, while requests of $2,500 or less are decided by general management.