MRC Maskinongé — Local Investment Fund (FLI) and Solidarity Fund (FLS)
QC, Canada
Funding support for Quebec startups and business expansion
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- Manufacturing
grant_single|grantors
- MRC de Maskinongé
grant_single|status
grant_card_status|open
grant_single_labels|preview
The Fonds local d'investissement (FLI) aims to financially support start-ups, expansions, and business transfers in the MRC de Maskinongé, with eligible expenses including capital expenditures and working capital needs. The program offers up to $150,000 in funding for viable projects in sectors such as manufacturing, tourism, agri-food, agriculture, and business services.
grant_single_labels|projects
The eligible activities for this grant focus on providing financial support to businesses in various stages of operation within specified economic sectors on the territory of the MRC de Maskinongé. These projects include capital expenditures and acquisition of essential resources to ensure business viability and development.
- Acquisition of land, buildings, and equipment for business operations.
- Investment in machinery, rolling stock, and incorporation costs.
- Purchase of technologies, software, and patents necessary for business growth.
- Provision of working capital specifically related to the initial year of operation or without restrictions for FLS.
- Professional service fees related to the acquisition of business ownership such as voting shares or partnership interests.
grant_single_labels|admissibility
Eligibility for the FLI and FLS grant is determined by specific requirements related to the company and its proposed activities.
- The applicant must be a Quebec-based company located in the MRC de Maskinongé, with its head office in Quebec.
- The company can be in start-up, expansion, consolidation, or acquisition phases, including those in the social economy.
- Eligible sectors include manufacturing, tourism, agri-food, agriculture, business services, and tertiary engines.
- The project must demonstrate viability both in the short and long term.
grant_eligibility_criteria|who_can_apply
Eligible applicants for the FLI under the General component include any business in startup, expansion, consolidation, or acquisition process, including those in the social economy sector, with objectives aligned with the Maskinongé MRC's investment policy. Applicants must be Québec-based businesses located within the Maskinongé MRC territory, potentially operating in sectors such as manufacturing, tourism, agri-food, agriculture, or business services. Projects should be viable short- and long-term. For the Succession component, any Canadian citizen or permanent resident of Quebec, aged 18 to 35, committed to full-time work in the business, is eligible. The business should be in the process of succession or transfer and operate in the aforementioned sectors, ensuring project viability.
grant_eligibility_criteria|eligible_expenses
Eligible expenses for the grant include various capital and acquisition costs directly associated with the development and operation of the business.
- Capital expenditures such as land, building, equipment, machinery, rolling stock, incorporation fees, and other similar expenses, except goodwill.
- Acquisition of technologies, software or application software, patents, and similar expenditures excluding research and development activities.
- Working capital needs strictly related to business operations calculated for the first year of operation.
- Acquisition of ownership titles of the targeted business (voting shares or parts) and professional fees directly linked to the acquisition transaction.
- Working capital required for the successful completion of a project.
grant_eligibility_criteria|zone
This grant is specifically available to companies located on the territory of the MRC de Maskinongé. Applicants need to have their business activity localized within this region to ensure eligibility.
- Companies located within the MRC de Maskinongé.
grant_single_labels|register
- Step 1: Contact a Consultant
- Reach out to Audrey Pichette, Rémi Gagnon, or Sandrine Renou for initial consultation.
- Discuss your project and confirm eligibility under the Fonds local d’investissement (FLI) or Fonds de solidarité (FLS).
- Step 2: Prepare Application Materials
- Gather necessary documents, including project proposal, business plan, and financial statements.
- Ensure all expenditures align with the funding criteria.
- Step 3: Application Submission
- Submit the completed application form and supporting documents to the MRC de Maskinongé.
- Verify that the application is complete and includes all required information.
- Step 4: Await Review
- Wait for the review process to be completed by the MRC de Maskinongé.
- Be prepared to provide additional information if requested.
- Step 5: Receive Notification
- Receive notification about the decision on your application.
- If approved, follow instructions for accessing funds.
grant_single_labels|contact
819
Apply to this program
Secure Financial Support for Business Growth in Maskinongé
The Fonds local d’investissement (FLI) and Fonds local de solidarité (FLS) offer robust financial support to businesses in Maskinongé seeking to start, expand, or transfer ownership. These funds provide necessary capital for businesses within key industries, aiming to enhance economic vitality in the region.
Insights into the FLI and FLS Funding Initiatives: Empowering Local Enterprises
Located in the vibrant setting of Maskinongé, the Fonds local d’investissement (FLI) and Fonds local de solidarité (FLS) stand as pillars of economic development, dedicated to fostering local business growth through strategic financial investments. These initiatives back a wide array of enterprises ranging from startups to firms undergoing ownership transition, especially within the sectors of manufacturing, tourism, agro-food, agriculture, and various service industries. By aligning with the MRC de Maskinongé's investment policies, these funds bolster the local economy by nurturing projects that are not only viable in the short run but also promising in the long term.
The FLI intervenes through two distinct modules — the general module and the business succession module — thereby providing tailored support to enterprises at different growth stages. The general module is open to all eligible businesses, including social enterprises, which meet the specified economic and industrial criteria. In contrast, the FLS focuses exclusively on the general module, emphasizing broader business expansion initiatives without succession stipulations. This dual-module system ensures comprehensive coverage, motivating a wide spectrum of entrepreneurs to pursue their expansion goals with confidence.
Admissible expenses under these funds encompass essential capital investments such as land, buildings, equipment, machinery, and significant operational investments like technology acquisitions and software upgrades. Additionally, the funds prioritize working capital needs necessary for the sustainability and growth of projects, undeterred by the preliminary expenses incurred before the formal approval of aid requests. This approach creates an accommodating financial environment, allowing businesses to focus on enhancing productivity and competitiveness.
Moreover, the business succession module under the FLI is specifically designed to assist the next generation of entrepreneurs, encouraging young Quebec residents aged between 18 and 35 to step into leadership roles. By providing financial assistance for acquiring ownership stakes and covering crucial professional service fees, this module reduces barriers to entry and supports new leaders in maintaining business continuity and preservation of local jobs.
Applicants seeking funding are encouraged to collaborate closely with the well-versed advisors at MRC de Maskinongé. These include Audrey Pichette and Rémi Gagnon, who specialize in business development, and Sandrine Renou, who provides expert guidance in agro-food industry needs. Their expertise aids in navigating the application process, ensuring that projects not only secure the requisite funding but also comply with the strategic vision of the investment policy.
In sum, the FLI and FLS grant initiatives represent invaluable resources for Maskinongé's entrepreneurial community. By offering essential financial backing and fostering a culture of innovation and growth, these funds significantly contribute to the socio-economic development of the region. Enterprises leveraging these resources can anticipate not only enhanced operational capabilities but also strengthened ties within the community, paving the path towards a sustainable and dynamic economic future.
