MRC Maskinongé — Local Investment Fund (FLI) and Solidarity Fund (FLS)
Last Update: January 24, 2025
QC, Canada
Funding support for Quebec startups and business expansion
MRC Maskinongé — Local Investment Fund (FLI) and Solidarity Fund (FLS) at a glance
Eligible Funding
- No Condition
Timeline
- Continuous Intakes
Financing Type
Loans and Capital investments
Eligible Industries
- Manufacturing
Grant Providers
- MRC de Maskinongé
Status
Open
Overview of the MRC Maskinongé — Local Investment Fund (FLI) and Solidarity Fund (FLS) program
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.
Eligible projects & activities
This fund aims to financially support business start-ups, expansions, and transitions within the Maskinongé region. Projects eligible for this support must focus on viable short- and long-term business objectives in specific sectors.
- Business expansion projects in manufacturing, tourism, agri-food, agriculture, and business services sectors.
- Start-up ventures that require capital investment for equipment, machinery, and technology acquisition.
- Projects involving business ownership transfer or succession for young entrepreneurs aged 18 to 35.
- Initiatives for acquiring voting shares or equity in existing businesses by eligible individuals.
- Investments in acquiring and implementing software, patents, or similar technologies.
Eligibility criteria of the MRC Maskinongé — Local Investment Fund (FLI) and Solidarity Fund (FLS) program
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.
Who is eligible?
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.
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.
Eligible geographic areas
This grant is targeted at companies whose operations are situated within the boundaries set by the funding organization. The eligible location is specifically designed to support regional economic development strategies.
- Companies must be located on the territory of the MRC de Maskinongé.
How to apply to the MRC Maskinongé — Local Investment Fund (FLI) and Solidarity Fund (FLS) program
1
Consultation of eligibility criteria
- Analyze the eligibility criteria for the general stream or the stream for successors.
- Ensure that your business or project corresponds to the accepted sectors of activity.
2
Preparation of the required documents
- Collect all necessary documents such as the business plan, financial statements, and proof of project viability.
- Gather information regarding eligible expenses.
3
Drafting the request
- Draft the request by ensuring that the project's objectives and its contribution to local development are well detailed.
- Highlight the aspects of economic viability and the potential benefits.
4
Contact with an advisor
- Contact a business development advisor at the MRC of Maskinongé for any clarification.
- Discuss specific aspects of the project to strengthen the application.
5
Submission of the request
- Send the complete request to the MRC de Maskinongé before the expenses are incurred.
- Include all supporting documents and the completed application form.
6
Follow-up and confirmation
- Receive a confirmation of the receipt of your request by the MRC.
- Track the progress of the file with the assigned advisor.
Apply to this program
Grant and FundingClosed
Quebec, Canada
Enhancing productivity through food industry automation assistance
Grant and FundingOpen
Quebec, Canada
Funding to optimize the operation of building mechanical systems
Grant and FundingClosed
Quebec, Canada
SEB supports Quebec agri-food market expansion outside Quebec
Grant and FundingOpenClosing Soon
Quebec, Canada
Market Access Support for Quebec Food Processors
Grant and FundingOpen
Quebec, Canada
Money for energy management systems in Quebec
Grant and FundingOpen
Granby, Quebec
Support for Quebec's food processing digital transformation initiative
Tax CreditsOpen
Quebec, Canada
Tax credit for commercialization of intellectual property (IP) in Quebec
Grant and FundingOpen
Quebec, Canada
DÉPART supports economic diversification and growth in targeted areas
Grant and FundingOpen
Québec, Quebec
Supports industrial productivity through advanced technology funding
Grant and FundingOpen
Québec, Quebec
Grant program supports strategic consultancy for business growth