How much funding can be received?

The MRC Marguerite-D'Youville Business Support Fund – Stream 4 offers a maximum funding of $10,000, aimed at supporting eligible projects within prioritized intervention areas such as digital transformation, innovation, and sustainable development. The program allows for expenditures related to equipment acquisition, technology, and relevant operational costs.

grant_single_labels|terms_and_conditions

The Business Support Fund – Stream 4 offers specific financing modalities aimed at aiding businesses in their strategic projects while coordinating with other funding mechanisms.

The maximum grant amount is set at $10,000 and is calibrated to 10% of the loan granted by the MRC through its Local Investment Funds.
Eligible expenses may include equipment or technology acquisition and other relevant expenditures as determined by the MRC, excluding support service costs.
Financing cannot cover portions accounted for by other government programs, nor can it be used for pre-application expenses, debt repayment, R&D expenses, or sales taxes.
For business succession or acquisition projects, eligible expenses may also include acquisition of voting shares, enterprise assets, and professional fees directly linked to the transaction.
In the event of early loan repayment within the first two years, a prorated reimbursement of the grant will be required based on the elapsed time from loan disbursement to repayment.

grant_single_labels|projects

This grant specializes in providing financial assistance for projects that align with the strategic development objectives within the MRC Marguerite-D'Youville region. These include areas such as digital transformation, innovation, and sustainable development.

Digital transformation initiatives.
Innovative projects that improve business processes or products.
Efforts to increase export capabilities.
Projects that enhance the attractiveness of the MRC territory.
Sustainable development and environmentally friendly practices.
Succession planning or business acquisition activities.
Projects aimed at improving overall productivity.

grant_single|admissibleProjectsExample

$ 8,000

Implementing a recycling initiative across local schools

$ 35,000

Constructing an eco-friendly community center

$ 17,000

Building a digital library to improve literacy

$ 12,000

Establishing a local artisan cooperative market

$ 11,000

Launching a food bank for underprivileged families

$ 15,000

Developing an app for cultural storytelling

grant_single_labels|admissibility

Eligibility for this grant depends on fulfilling specific conditions concerning the company's profile and project alignment.

The company must be capable of obtaining financing from the MRC via its Local Investment Funds and comply with all related criteria outlined in the Common Investment Policy.
The requested expenditures have to align with priority intervention areas determined by the MRC.
Expenses must be related to eligible categories like equipment or technology purchases, or working capital strictly tied to the project's execution.
For business succession/acquisition, eligible expenses include buying voting shares or business assets and professional fees directly linked to the transaction.
Expenditures cannot cover areas already financed by other government programs.
Companies in the retail, restaurant sectors, or industries with excessive competition are not eligible.

grant_eligibility_criteria|who_can_apply

The MRC Marguerite-D'Youville Business Support Fund – Stream 4 is designed for established businesses within the MRC Marguerite-D'Youville area. Eligible applicants must be companies that align their project with one of several prioritized intervention areas, including digital transformation, innovation, exportation, territorial attraction, sustainable development, business succession or acquisition, and productivity enhancement. Businesses seeking funding must be able to secure a loan through the MRC's local investment funds and comply with the investment policy criteria. Importantly, enterprises in the retail, restaurant sectors, or in highly competitive industries are ineligible for this fund.

grant_eligibility_criteria|who_cannot_apply

This grant excludes certain businesses from eligibility based on their industry sector and competitive environment. The aim is to prioritize support for sectors that align with strategic regional objectives.

Retail sector companies.
Businesses in the restaurant industry.
Companies or projects operating in highly competitive fields.

grant_eligibility_criteria|eligible_expenses

The grant funds eligible expenses that align with the priority intervention areas as defined by the MRC.

Acquisition of equipment or technology.
Working capital for businesses undertaking the project internally, limited to two years of operation and strictly related to the project's execution.
Purchase of voting shares or business assets for business acquisition or succession.
Professional fees directly related to the business transaction or acquisition, and the transition of business management.

grant_eligibility_criteria|zone

This grant is available to businesses within the jurisdiction of the MRC of Marguerite-D'Youville. Eligible companies must operate in areas that align with the strategic objectives of this regional body.

MRC Marguerite-D'Youville region

grant_single_labels|register

Here are the steps to submit an application for this grant:

Step 1: Prepare Required Information
Gather information about the applicant including contact details.
Collect detailed company information such as the business name, legal form, location, and start date of operations.
Compile personal information for shareholders, including names, addresses, citizenships, and shareholding percentages.
Step 2: Identify Project Interventions
Select the relevant axis of intervention for the project, such as Digital Transition, Innovation, Export, etc.
Step 3: Financial Information
Provide details about the financial aspects of the project including the amount requested, personal funding, other government aids, and total project cost.
Describe current employment numbers in full-time and part-time capacities.
Step 4: Detail Project Needs and Expenses
Elaborate on the needs and anticipated expenses related to the requested grant.
Step 5: Submission of Application
Email the completed application form to the specified email address: dev.econo@margueritedyouville.ca.

grant_single_labels|otherInfo

Here are additional relevant details for this grant:

The subvention cannot be disbursed before the related loan from the MRC's local investment funds is granted.
If the associated MRC loan is paid off within the first two years, the grant must be proportionally reimbursed based on the time elapsed.
The applicant agrees to allow the SDE to publicly announce any support received if the application is successful.
Submission of personal information in this application is mandatory, not optional.
The signatory of this document must have the necessary authority to commit the company.
The electronic signing of this application is considered equivalent to a traditional signature.