MRC La Nouvelle-Beauce — Local investment and solidarity funds (FLI and FLS)
QC, Canada
Support for job creation and business growth in Nouvelle-Beauce
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|fromMinToMax
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- Agriculture, forestry, fishing and hunting
- Manufacturing
- Arts, entertainment and recreation
- Accommodation and food services
grant_single|grantors
- MRC de La Nouvelle-Beauce
grant_single|status
grant_card_status|open
grant_single_labels|preview
The Fonds locaux d'investissement et de solidarité aims to create and maintain jobs by supporting the start-up, expansion, and ownership transfer of businesses located in the MRC of La Nouvelle-Beauce. The program offers financing in the form of loans up to $250,000 for eligible activities, including capital expenditures, technology acquisition, and working capital.
grant_single_labels|projects
This grant seeks to facilitate the creation and maintenance of jobs by supporting new businesses, expansions, and ownership transfers in La Nouvelle-Beauce's given sectors. The eligible projects are primarily located within this region and span across primary, secondary, and key tertiary sectors.
- Projects focused on business start-ups in La Nouvelle-Beauce.
- Business expansion initiatives aiming to increase capacity and market reach.
- Ownership transfer projects ensuring business continuity and employment stability.
- Capital investment projects including land, building, and equipment acquisitions.
- Technology acquisition projects involving software, hardware, or intellectual property purchases.
- Working capital funding to support day-to-day operational expenses during growth phases.
grant_single_labels|admissibility
Eligibility for the Fonds locaux d’investissement et de solidarité grant is determined by specific criteria related to the business's location, type, and viability.
- The company must be a start-up, expanding business, or undergoing a business succession.
- The main activity of the business must be located within the MRC de La Nouvelle-Beauce territory.
- The company must operate in the primary, secondary (manufacturing), or key tertiary sectors, including tourism.
- The project must be viable, profitable, and contribute to creating or maintaining permanent jobs.
- The promoter must demonstrate relevant knowledge and experience in the chosen activity sector as well as management skills.
- The project must include a financial contribution from the promoter.
grant_eligibility_criteria|eligible_expenses
The grant covers specific expenses necessary for the development and operation of the business project.
- Capital expenses such as land, building, equipment, and machinery.
- Acquisition of technology including software, software packages, and patents.
- Working capital funds to support business operations.
grant_eligibility_criteria|zone
This grant is available to companies whose primary activities are located within a specific geographical area. Eligibility is limited to entities operating on the territory of a particular administrative region.
- Companies operating exclusively in the MRC de La Nouvelle-Beauce.
grant_single_labels|register
- Step 1: Contact Advisors
- Reach out to Jérôme Leclerc or Erica Couture for guidance on the application process.
- Discuss your project idea to determine eligibility and gather necessary information.
- Step 2: Prepare Application Materials
- Draft a comprehensive business plan including project details, objectives, and financial projections.
- Gather all necessary documents supporting project viability and your experience.
- Prepare statements detailing the fund’s usage, such as capital expenses or technology acquisition.
- Step 3: Complete the Application
- Fill out the application form provided by the Fonds locaux d’investissement et de solidarité.
- Ensure all sections are completed accurately and thoroughly to avoid delays.
- Step 4: Submit Application
- Send the completed application along with all required documents to the funding organization's address or email.
- Ensure submission before the specified deadline to be considered for the grant.
- Step 5: Confirmation and Follow-Up
- Confirm receipt of your application by contacting the office if needed.
- Wait for further correspondence regarding the status of your application.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- Financing is provided in the form of a loan with amounts ranging from $10,000 to $250,000.
- The loan can be amortized over a period of up to seven years.
- It is important to demonstrate relevant knowledge and experience in the chosen field of activity, along with management skills.
- A financial contribution is required from the project promoter.
- Contact information is provided for business advisors for inquiries.
grant_single_labels|contact
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Apply to this program
Empower Your Business with Local Investment Support
The Fonds locaux d’investissement et de solidarité (FLI et FLS) is geared towards fostering employment and economic growth within La Nouvelle-Beauce by financing business endeavors in various stages such as start-up, expansion, or succession. This initiative provides crucial support to enterprises operating in primary, secondary, and tourism sectors through loans, thereby ensuring the region’s economic vitality and sustainability.
In-Depth Examination of the Fonds Locaux d’Investissement et de Solidarité
The Fonds locaux d’investissement et de solidarité (FLI et FLS) plays a fundamental role in driving economic stability and job creation within the MRC of La Nouvelle-Beauce. It focuses on offering financial backing to businesses at different life stages - including start-ups, expansions, or those undergoing ownership transfers. Aimed at firms operating in primary industries like agriculture, secondary sectors such as manufacturing, and essential service areas like tourism, the program underscores the commitment to nurturing industries that are pivotal to regional prosperity.
One of the foremost features of this grant is its strategic contribution to maintaining and fostering permanent employment opportunities. By bolstering viable and profitable business projects, the fund aims to ensure that enterprises not only survive but thrive, thereby reinforcing the local workforce's stability. The grant is distinctly tailored to meet the specific economic needs of La Nouvelle-Beauce, ensuring the region remains competitive and economically vibrant.
Eligible expenses under this support scheme include capital costs such as land acquisition, building construction or renovation, and procurement of equipment and machinery. Additionally, the acquisition of technological assets like software and patents also qualifies, representing an effort to drive modernization and efficiency in operational processes. Moreover, working capital is another critical component that businesses can leverage to ensure sufficient liquidity to manage daily operations effectively.
Financial assistance is primarily dispensed in the form of loans, ranging from an amount of $10,000 to $250,000, with a repayment term extending up to seven years. This format provides businesses with not only the financial means to implement their growth strategies but also the fiscal flexibility to do so over a manageable timeline. Such financial packaging allows businesses to concentrate on innovation and expansion without immediate financial strain, promoting sustainable growth and job creation.
The fund mandates that recipients exhibit a thorough understanding and experience in their chosen industry sector, accompanied by solid managerial competencies. This ensures that the resources are utilized effectively and are more likely to lead to successful outcomes. By requiring a personal financial contribution to the project, the program also encourages a level of commitment and responsibility from business owners towards their investment endeavors.
In summary, the Fonds locaux d’investissement et de solidarité (FLI et FLS) is not merely a financial assistance program; it manifests as a crucial economic tool that propels local businesses toward greater productivity and innovation. By aligning with the strategic aims of sustaining permanent employment and enhancing local industry capabilities, the fund significantly fosters entrepreneurial vitality and regional economic development. With its structured financial support, profound emphasis on viable business practices, and commitment to local economic fortification, the FLI et FLS stands as a cornerstone of economic empowerment in La Nouvelle-Beauce.
