MRC Minganie — Local Investment and Solidarity Funds (FLI-FLS)

• Completed and signed application form
• Business plan or detailed project description
• Detailed project costs, financing plan, and financial statements or forecasts
• Proof of financing or partnership, if applicable
• Francization and employment equity declarations, if applicable

Who is eligible?

• For-profit SMEs
• Corporations
• Cooperatives
• Social economy non-profits with market activities

Who is not eligible

• Businesses registered in the public contracts exclusion register (RENA)
• State-owned or government-controlled companies
• Businesses under bankruptcy or creditor protection
• Businesses focused on subcontracting only, or on excluded sectors such as arms, fossil fuels, gambling, violent games, sexual exploitation, real estate development, tobacco, or drugs
• Individuals applying directly outside an entrepreneurial succession project

Eligible expenses

• Additional working capital needed for the project
• Capital costs for technology, land, buildings, equipment, machinery, vehicles, construction, renovation, and site or premises improvements
• Professional fees for feasibility studies, audits, impact studies, and project implementation
• Acquisition costs for shares or assets in a business succession or acquisition
• Professional fees related to the acquisition and ownership-transfer transaction

Ineligible Costs and Activities

• Expenses incurred before the application is submitted
• Debt service, future loan repayments, capital losses, or capital replacement
• Research and development expenses
• Normal operating expenses and Quebec sales taxes
• Pre-start-up projects, direct funding for individuals, and projects limited to subcontracting, arms, fossil fuels, gambling, violent games, sexual exploitation, real estate development, or tobacco and drug-related activities

Eligible geographic areas

• MRC de Minganie

• Economic viability and repayment capacity of the business.
• Promoters’ knowledge and relevant experience.
• Environmental and social impact of the project.
• Quality of labour relations and openness toward workers.
• Participation of other financial partners and long-term sustainability of the funds.

• Step 1: Review the investment policy
  • Read the FLI-FLS investment policy before applying.
  • Contact the MRC for guidance if needed.
• Step 2: Complete the application form
  • Fill in the financial assistance request form.
  • Sign and date the form.
• Step 3: Prepare supporting documents
  • Attach the business plan or detailed project description.
  • Add the project costs, financing plan, financial statements, forecasts, and any required compliance declarations.
• Step 4: Submit the application
  • Send the file by email, mail, or in person to the MRC.
  • Make sure the application is complete before submission.

• Applications are reviewed continuously once all required information and documents have been received.
• The MRC handles eligibility review, analysis, and the funding decision.
• Files must be complete before processing can begin.
• The review considers fair treatment between businesses, available funding, and compliance with the policy.

• The MRC of Minganie provides support, advice, and technical assistance to promoters.
• The program is managed under a common FLI-FLS investment policy adopted on September 26, 2023.
• Applicants are encouraged to consult the investment policy before submitting a request.