MRC Marguerite-D'Youville — Local investment and solidarity funds (FLI and FLS)

Who is not eligible

This grant excludes certain companies and industries based on specific criteria related to their activities or associations. These exclusions ensure the funds are allocated to sectors that align with the community and environmental objectives.

• Entities listed in the Register of Enterprises Ineligible for Public Contracts (RENA).
• Applicants who have previously failed to meet obligations related to financial aid.
• State-owned or government-controlled corporations.
• Companies under protection of bankruptcy or insolvency laws.
• Organizations with ethical issues or reputational risks.
• Businesses with irresponsible environmental practices.
• Companies with a credit rating below 620.
• Entities with a history of violating labor or human rights legislation.
• Industries involved in weapon production or distribution.
• Activities related to fossil fuels, except those transitioning to low-carbon models.
• Operations in gambling, such as casinos or bingo halls.
• Businesses exploiting violent games or involving combat sports.
• Organizations engaged in sexual exploitation.
• Real estate management and development, unless linked to tenant services.
• Certain sectors in restaurant services, except where they serve underrepresented communities.
• Industries related to tobacco or drug consumption, with exceptions for compliant cannabis initiatives.

Eligible expenses

The grant through the Fonds local d’investissement (FLI) supports a range of eligible expenses that are crucial for the realization and growth of projects.

• Additional working capital required for the implementation of the business project, over a maximum period of two years.
• Capital expenditures directly linked to the project, including acquisition of technologies, land, buildings, equipment, machinery, and vehicles, as well as construction, expansion, renovation, and the setup of premises.
• Professional fees incurred before project implementation, such as feasibility studies, external audits, or impact assessments.
• Professional fees directly tied to the execution of the project, such as for technology implementation, equipment and machinery acquisition, and property development.
• Expenditures on acquiring equity such as shares or property assets for entrepreneurship succession projects.
• Professional fees associated with the transaction and acquisition of a business, including the handover process.

Eligible geographic areas

This grant is available to companies that are operational within a specified geographical area. The eligibility is determined by the residing territory of the Marguerite-D'Youville Regional County Municipality.

• Territory of the Marguerite-D'Youville Regional County Municipality (MRC).

Here are additional relevant details for this grant:

• Applicants may need to pay a non-refundable dossier opening fee of 150 CAD.
• The committee of investment (CIC) consists of a diverse group including representatives from the MRC and Fonds de solidarité FTQ, among others.
• Decisions on funding exceeding 50,000 CAD require approval from the MRC council.
• Moratoriums on capital repayments differ between FLI and FLS projects, with specific maximum durations applicable.
• The policy entered into force on September 14, 2023, and replaces previous investment policies.
• There is a formal process for handling appeals, although the decisions of the committee are final and without appeal.