MRC Maskinongé — Social Economy Fund (ES)
QC, Canada
Social Economy Fund supports community-focused entrepreneurial projects
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
grant_single|deadlines
- grant_single|openingDateMay 1, 2023
- grant_single|closingDateJune 1, 2023
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Agriculture, forestry, fishing and hunting
- Manufacturing
- Arts, entertainment and recreation
- Other services (except public administration)
- Public administration
grant_single|grantors
- MRC de Maskinongé
grant_single|status
grant_card_status|open
grant_single_labels|preview
The Social Economy Fund (Fonds Économie sociale) aims to promote collective entrepreneurship projects providing services to members or the community, offering up to $15,000 in financial support for the creation or consolidation of an enterprise. Eligible activities include developing projects with a social purpose that align with local economic plans, create jobs, and demonstrate viability within the Maskinongé region.
grant_single_labels|terms_and_conditions
The Social Economy Fund (ES) offers tailored financial support to stimulate collective entrepreneurship through specific financing modalities. These modalities are designed to assist projects focusing on social objectives and sustainable development.
- Financial assistance of up to $5,000 for the concretization of a business project.
- Financial assistance of up to $15,000 for the creation or consolidation of a social enterprise.
- Eligible expenditures include capital expenses such as land, buildings, and equipment.
- Technical assistance from MRC Maskinongé’s professional resources for project elaboration and monitoring.
- Non-eligibility of professional fees and consultant services costs if the entrepreneur has a stake in the consulting company.
- Exclusion of financing for pre-startup projects; only projects in the commercialization stage are considered.
grant_single_labels|projects
The MRC Maskinongé Social Economy Fund supports projects that have a social mission and contribute to community needs. Eligible projects focus on creating sustainable employment and aligning with local economic and employment action plans.
- Projects that fulfill a social mission and address community social needs.
- Projects that align with the local economic and employment action plan of the MRC de Maskinongé.
- Projects that enable job creation within the MRC de Maskinongé territory.
- Projects with a business plan demonstrating good viability prospects for the first two years.
- Cooperative projects that reinvest annual surpluses into the business for at least two years.
- Projects that do not create unfair competition or service duplication.
grant_single_labels|admissibility
Eligibility for this grant is determined by specific criteria related to the nature and operations of the business or organization applying.
- The applicant must be an organization without a profit motive including cooperatives, and must have economic activities.
- The business or organization must operate on the territory of the MRC and have its head office in Quebec.
- The organization must be registered in the Quebec Business Register (REQ).
- The applicant must demonstrate financial viability and sustainable job creation.
- The applicant must have diversified funding sources and generate autonomous revenues.
- The organization must comply with the principles and rules emerging from the definition proposed by the Chantier de l'économie sociale.
grant_eligibility_criteria|who_can_apply
The Fonds Économie sociale (ES) grant in Canada targets organizations that are actively pursuing collective entrepreneurship projects with a primary focus on social service objectives. Eligible applicants must resonate with the following eligibility conditions:1. Non-profit organizations, cooperatives, or companies whose aim is social rather than profit-driven.2. Entities engaged in the production of goods and services that pursue a social goal and have a viable financial model, ensuring sustainable employment opportunities.3. Organizations with diversified funding sources generating autonomous revenues.4. Projects should align with the principles and guidelines set out by the Chantier de l'économie sociale in Canada, which emphasize democratic decision-making processes, autonomy of management, and prioritizing people and work over capital.5. Entities must reinvest any annual surplus back into the enterprise for at least two years if they are a cooperative, without engaging in unfair competition or duplicating existing services.Eligibility for this grant requires adhering to specific local economic and employment action plans and can only apply to projects that are materialized within specific territories, such as the MRC de Maskinongé.
grant_eligibility_criteria|who_cannot_apply
This grant excludes certain companies and industries due to their status or main activity. The restrictions aim to ensure that funds are directed towards sustainable and socially responsible sectors aligned with the grant's objectives.
- Companies involved in sectors well-covered by competition within the MRC of Maskinongé.
- Activities related to home support already financed by the government.
- Organizations with religious, sexual, political, spiritual, or esoteric natures, or those with potentially controversial activities that could tarnish the reputation of the MRC of Maskinongé and other government bodies.
- Businesses intending to invest in capital assets during creation or expansion.
- Companies listed in the Register of enterprises ineligible for public contracts (RENA).
- Enterprises that failed to meet obligations on previous financial aid from the Ministry or MRC.
- State-controlled or government-majority-owned entities.
- Businesses under creditor protection laws or bankruptcy.
- Organizations with ethical behaviors that may damage the government's image of integrity.
- Companies with irresponsible environmental practices.
- Entities with a history of non-compliance with labor or human rights laws.
- Companies in the arms trade or fossil fuel industries, except for those transitioning to a low-carbon economy.
- Gambling-related operations like casinos or bingo halls.
- Organizations involved in animal testing, combat sports involving animals, or adult entertainment.
- Real estate management and development, except for service-related investments.
- Businesses related to tobacco or drugs, except for specific cannabis and hemp activities under strict conditions.
- Organizations whose financial aid would benefit ineligible entities.
grant_eligibility_criteria|eligible_expenses
The grant covers expenses directly related to capital investments and operational needs essential for the project's realization.
- Expenses in capital, including land, building, equipment, machinery, and motor vehicles.
- Incorporation fees and other similar expenses, except for goodwill.
- Acquisition of technologies, software programs, patents, and other similar expenses, excluding research and development activities.
- Working capital needs strictly related to the operations of the enterprise calculated for the twelve months following the realization of the project.
- Professional fees, expertise fees, and other expenses incurred by the entrepreneur for consultant or specialist services required for conducting the study.
grant_eligibility_criteria|zone
This grant is specifically available to entities operating within a designated local region to foster economic and community development. The eligible geographical area aligns with the territorial jurisdiction of the grant-providing body.
- Companies and organizations must be located within the MRC de Maskinongé.
grant_single_labels|register
Here are the steps to submit an application for the Fonds Économie Sociale (ES) grant:
- Step 1: Confirm Eligibility
- Ensure your organization is a non-profit, cooperative, or enterprise with a social mission as per the outlined criteria.
- Verify that your project aligns with local action plans and is designed to benefit the community socially and economically.
- Step 2: Prepare Required Documents
- Gather necessary documents including a business plan demonstrating project viability.
- Prepare financial statements and forecasts for the next two years.
- Compile any additional required declarations or certifications, such as francization certificates if applicable.
- Step 3: Complete Application Form
- Fill out the application form, ensuring all sections are accurately completed based on your project and organizational details.
- Step 4: Submit Application
- Submit your completed application form and all required documents to the MRC de Maskinongé.
- Ensure submission is done before any stated deadlines, possibly contacting local representatives for handover details.
- Step 5: Follow Up
- Contact Adele Pichette or another specified representative if you have questions or need confirmation of receipt.
- Be prepared for potential inquiries or additional requests for information from the reviewing committee.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- The Fonds Économie sociale aims to stimulate collective entrepreneurship projects, prioritizing service to members or the community, management autonomy, democratic decision-making, prioritization of people over capital in surplus distribution, and individual and collective responsibility.
- Applicants must ensure projects concretize within the MRC Maskinongé territory and align with local economic and employment action plans.
- Project surplus reinvestment is required for a minimum of two years in the case of cooperatives.
- The financial support from the "Fonds locaux" operates primarily through loans, with adjustable repayment schedules tailored to business realities such as seasonal activity.
- There's a shared investment mechanism between FLI and FLS, aiming for a well-distributed financial intervention across different entrepreneurial projects.
grant_single_labels|contact
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