MRC des Appalaches - Economic Diversification Fund (FDE)

• Total financial assistance provided amounted to $26.4 million between May 2, 2018, and March 31, 2022.
• Private investments constituted 52% of the funding for supported projects.
• Funding leveraged additional public and private contributions equivalent to 2.7 times the amount granted by the program.

• The applicant company must be located within the MRC des Appalaches.
• The project must align with the objectives of the Economic Diversification Fund (FDE) des Appalaches.
• The project must be coherent with government strategies and action plans related to economic diversification in the region.

Who is eligible?

• Companies located in the MRC des Appalaches

Eligible geographic areas

• MRC des Appalaches

• Relevance of the project to the objectives of the Economic Diversification Fund (FDE).
• Coherence with other public interventions and government strategies.
• Demonstration of value added and utility to the region.
• Achievement of targeted operational results and contribution to economic development.
• Compliance with program guidelines and sound management practices.

• The fund evaluation highlights a high level of client satisfaction, with a reported 100% satisfaction rate among beneficiaries.
• The evaluation found that the fund was coherent with other government strategies and action plans, without overlapping other interventions.
• The program emphasizes ongoing improvement, with recommendations for enhanced governance and reporting mechanisms.
• The evaluation noted positive socio-economic impacts, including job creation and wealth generation for supported projects.