MRC Joliette — Business Assistance Fund (FAE) – Stream 1
Joliette, QC, Canada
Non-repayable financial support for new businesses in Joliette
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
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- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- MRC de Joliette (CDÉJ)
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grant_card_status|open
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The grant program provides non-repayable financial assistance up to a maximum of $7,000 to support the launch, acquisition, or succession of businesses within the MRC de Joliette territory. Eligible activities include business creation, acquisition, and succession projects in prioritized economic sectors, aiming to increase the initial funding capitalization and create full-time jobs.
grant_single_labels|projects
This grant supports the initiation and growth of businesses through starting, acquiring, or inheriting an enterprise in the MRC de Joliette region. The eligible projects aim to enhance economic activities and job creation in the area.
- Creation of a new business by eligible entrepreneurs or enterprises legally constituted within the last 18 months.
- Acquisition of an existing business that has not previously received any non-repayable contribution from the CDÉJ, where the entrepreneur will hold at least 50% of the voting and participating shares.
- Business succession plans with a credible and well-defined transfer strategy, not previously funded by CDÉJ or CLD Joliette, where the entrepreneur will hold at least 25% of the shares.
- Projects that create at least one full-time job within 18 months, including employment for the promoter.
grant_single|admissibleProjectsExample
$5,000
Developing a sustainable community garden initiative
grant_single_labels|admissibility
Eligibility for this grant is determined by specific requirements related to the applicant's profile and the nature of the business project.
- The project must be a creation of a new business by an eligible entrepreneur or a legally constituted business in operation for less than 18 months.
- If it is an acquisition project, it should not have received any non-repayable contributions from CDÉJ to date, and the eligible FAE promoter must hold at least 50% of the voting and participating shares.
- If it is a business succession project, it must have a credible and well-defined transfer plan without any previous non-repayable contributions from CDÉJ or CLD Joliette, with the eligible FAE promoter holding at least 25% of the voting and participating shares.
- The business headquarters and operational location must be situated within the MRC de Joliette territory.
- The business project must be within one of the priority sectors of activity as described in annex 1.
- The project must result in the creation of at least one permanent full-time job (30 hours per week), including that of the promoter, within 18 months of the project's initiation.
grant_eligibility_criteria|who_can_apply
To be eligible to apply for the Volet 1 - Lancement d’entreprise grant, candidates must meet several criteria:- Be a Canadian citizen or a permanent resident of Quebec.- Be over 18 years of age.- Have relevant experience and/or training for the project.- Commit to working full-time in the business (minimum of 30 hours/week).- Not be enrolled in full-time studies (up to 3 courses allowed).- Commit to investing, in cash and asset transfer, half of the financial aid requested from FAE, with at least $1,000 in cash.- Not have previously received a grant from the CDÉJ for a business start-up project.- Not have previously received non-repayable financial assistance from the Jeune Promoteur fund or the Volet 1 of the CLD Joliette's Fonds d’émergence entrepreneuriale (FÉE).Projects must also meet criteria such as being in operation for less than 18 months or have a credible and defined transfer plan if it's a business succession project. Additionally, the business headquarters and operations must be located in the MRC de Joliette, and the project must create at least one full-time permanent job within 18 months of starting.
grant_eligibility_criteria|who_cannot_apply
This grant specifically targets businesses situated within certain prioritized sectors and restricts funding based on these criteria. Companies not operating within these strategic areas might be ineligible for financial assistance.
- Projects not conducted in an economic sector prioritized by the CDÉJ.
- Consultant fees and administration fees for companies where the entrepreneur has a stake.
grant_eligibility_criteria|eligible_expenses
The grant covers specific expenses related to capital investments, technology acquisition, working capital needs, and professional fees essential for the business's operations and setup.
- Capital expenses such as land, building, equipment, machinery, and rolling stock.
- Incorporation fees and other similar capital expenses, excluding goodwill-related expenses.
- Acquisition of technology, including know-how, licenses, manufacturing agreements, and patents.
- Purchasing software or software packages and other similar expenses.
- Working capital strictly necessary for the company's operations for the first two years.
- Professional fees, expert fees, and other costs incurred for consultants or specialists to carry out studies.
grant_eligibility_criteria|zone
This grant is available for businesses located within a specific regional area as determined by the funding body. The designated territory ensures that the support aligns with local economic development objectives.
- Companies headquartered and operating within the territory of the MRC de Joliette.
grant_single_labels|criteria
The evaluation and selection of projects for this grant are based on specific criteria to ensure the viability and alignment with the program's objectives.
- Viability and profitability of the project demonstrated in a comprehensive business plan, including financial forecasts for two years.
- A financial structure that respects the conditions for the contribution of funds and is likely to be realized, thereby favoring the success of the project.
- The promoter must demonstrate to the satisfaction of the CDÉJ that the financial assistance is significant to the realization of their project.
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Verify Eligibility
- Ensure you meet all the eligibility criteria as specified in the grant details, including residency, age, investment requirements, and previous grant restrictions.
- Step 2: Project Preparation
- Develop a comprehensive business plan demonstrating the viability and financial projections for the next two years.
- Gather supporting documents, including proof of residency, evidence of relevant experience or training, and project specifics.
- Step 3: Application Preparation
- Complete the official application form provided by the CDÉJ.
- Prepare a detailed explanation of how the grant will aid in project realization.
- Compile all necessary documents, including financial forecasts and project plans.
- Step 4: Submit Application
- Submit the completed application form along with all supporting documents to the CDÉJ.
- Ensure submissions are made before any specified deadlines.
- Step 5: Await Confirmation
- Wait for a confirmation of receipt from the CDÉJ, which may include an application reference number.
- Keep this confirmation for your records.
grant_single_labels|otherInfo
Additional relevant information for this grant includes:
- The funding is non-refundable, meaning that it is granted as a gift rather than a loan.
- A protocol agreement between the CDÉJ and the enterprise will define the conditions under which funding is provided and obligations of both parties.
- The grant is distributed based on specific conditions linked to the number of jobs created within the first 18 months of operation.
grant_single_labels|contact
info@cdej.ca
(450) 752-5566
Apply to this program
Support for Emerging Business Ventures in Joliette
This grant aims to assist entrepreneurs in the Joliette MRC region in starting, acquiring, or taking over local businesses. With a non-repayable financial aid of up to $7,000, it supports the capitalization efforts of eligible projects.
In-Depth Exploration of the Business Launch Support Program
The "Business Launch" grant is instrumental in nurturing entrepreneurship within the MRC of Joliette, focusing on helping local business ideas flourish. The program is structured to alleviate initial financial barriers that entrepreneurs often face. It is designed to support citizens or permanent residents of Quebec who have a compelling business plan backed by relevant experience or education. This initiative emphasizes a full-time commitment to the new business venture, ensuring that recipients are thoroughly invested in their projects.
This grant is not just about funding; it's a stepping stone for budding entrepreneurs who need a solid foundation to start their journey. The eligibility criteria ensure that only those committed to their business plans and with a significant personal investment are considered. This includes the requirement for applicants to match half of the granted amount with their own capital to ensure they have "skin in the game," which promotes responsibility and dedication to their proposed business.
Projects eligible for this grant include new business ventures, acquisitions that have not previously received similar aid, and business succession plans with clearly defined transfer strategies. It is pivotal that these projects create employment within 18 months, supporting the economic growth of the region by requiring at least one full-time position be generated. Additionally, the headquarters and operational sites of these businesses must be located within the Joliette MRC, further cementing the program's local focus.
The funds received through this grant can cover a variety of pivotal startup costs, from capital expenditures like equipment and technology acquisition to critical professional services needed during the launch phase. By covering these essential expenses, the grant removes financial strain and allows entrepreneurs to focus on business growth and development.
An interesting aspect of this grant is its detailed evaluation criteria, which stress the importance of project viability and financial soundness. Applicants must present a comprehensive business plan demonstrating potential for success and profitability within the first two years. The assessment by the investment committee looks for projects where the grant significantly impacts realization, ensuring resources are allocated effectively to those who will benefit most.
In conclusion, this grant presents a significant opportunity for prospective business owners in Joliette, breaking down barriers to entrepreneurship by providing financial support where it's most needed. By fostering local business initiatives, the grant not only helps individual entrepreneurs succeed but also contributes to the broader economic vitality of the MRC of Joliette. It's a chance for entrepreneurs to build a thriving business, supported by local interests and situated for growth in Quebec's dynamic market.