
- Receipt of requests is now closed
Overview
The Fonds Essor Entreprises L'Islet (FEEL) is a program designed to support businesses in various developmental phases and initiatives that bolster the local economy, with a maximum funding of $25,000 per project. Eligible activities include strategic planning, market development, competitiveness improvement, and feasibility studies.
At a glance
Funding available
- Launch or market a product/service
- Maximum amount : 25,000 $
- Up to 40% of project cost
- Receipt of requests is now closed
Eligible candidates
- All industries
- De L'Islet
- Saint-Jean-Port-Joli
- Chaudière-Appalaches
- Quebec
- For-profit business
- Social economy enterprise
- All revenue ranges
- All organization sizes
- Rural or Northern Residents
- Startups
Next Steps
Activities funded
This fund focuses on supporting business growth and economic development within the MRC de L'Islet by assisting companies in several critical phases of their projects. Eligible activities are designed to enhance the competitiveness and strategic development of businesses.
- Conducting diagnostics on company functions.
- Developing strategic plans.
- Devising recovery plans.
- Creating marketing and market development plans.
- Initiatives aimed at improving competitiveness.
- Project refinement and development.
- Undertaking prefeasibility and feasibility studies.
- Engaging in investment projects.
Eligibility
Who is eligible?
The Fonds Essor Entreprise L’Islet (FEEL) supports private businesses and social economy enterprises based in the MRC de L’Islet. These entities must meet certain criteria related to their business characteristics and financial structure.
- Private enterprise, registered or incorporated, with a place of business in the MRC de L’Islet.
- Social economy enterprise with a place of business in the MRC de L’Islet, demonstrating that at least 51% of its revenue comes from autonomous sales of goods and services, member contributions, or other sources.
Eligible expenses
Eligible expenses for the grant are those that directly relate to the execution of the project and are supported by proper documentation.
- Professional fees.
- Materials essential for project execution.
- Salaries and employer social charges for employees specifically hired for the project.
- Capital expenses such as land, buildings, equipment, machinery, and rolling stock.
- Expenses related to incorporating the entity or similar expenditures.
Eligible geographic areas
This grant is specifically available to businesses operating within the MRC de L'Islet. The geographical eligibility is limited to ensure targeted economic development in this region.
- Businesses with their place of business located in the MRC de L'Islet.
Additional information
Here are additional relevant details for this grant:
- The application period for the FEEL fund is currently closed, and prospective applicants should reach out to the Director of Economic Development for future opportunities.
- Financial assistance granted through the FEEL program is repayable, with a maximum repayment period of 10 years, and notably, no interest is charged on this loan.
- The applicant's own contribution and community funding must constitute at least 20% of the eligible project costs.
- For projects initiated by the MRC itself, the limitation on the percentage of costs covered by the grant does not apply.
- Changes to eligibility criteria, selection standards, or management frameworks can be made by the MRC of L'Islet at their discretion.