MRC Roussillon — Local investment and solidarity funds (FLI and FLS)

• Term loans ranging from $5,000 to $250,000 per project.
• Maximum of $50,000 available for companies in operation for less than 3 years.
• Minimum equity contribution of 20% of the project cost required.
• Funding may cover up to 50% of the total project cost.

Eligibility for this grant is determined by specific requirements related to the applicant's legal status and location.

• The applicant must be a legally constituted for-profit enterprise or a collective enterprise, such as cooperatives and non-profit organizations, under the laws of Quebec or Canada.
• The applicant must have its head office located in Quebec and be registered in the Registre des entreprises du Québec (REQ).

Who is eligible?

• For-profit companies legally incorporated in Quebec or Canada
• Collective enterprises such as cooperatives
• Non-profit organizations (NPOs) as defined by the Act on the Social Economy

Eligible expenses

The grant supports expenses associated with investment projects.

• Capital expenditures such as the acquisition of technology, land, buildings, equipment, machinery, and rolling stock.
• Professional fees related to the project's realization and implementation.
• Asset acquisitions including real estate, equipment, and rolling stock, excluding goodwill expenses.
• Purchases of software, technologies, and patents, excluding research and development activities.
• Additional working capital necessary for project completion for a maximum period of two years.

Eligible geographic areas

This grant supports businesses aiming to enhance the economic landscape within a defined regional area. Eligible locations are specified to foster employment and economic growth in the region.

• Businesses with their headquarters located within the MRC Roussillon.

Here are additional relevant details for this grant:

• The Funds (FLI and FLS) are designed to complement existing bank financing, indicating their role in enhancing access to comprehensive funding solutions.
• A minimum 20% equity or contribution toward the project's total costs is required from the applicant, ensuring the business' commitment and responsibility.
• The grant aims at helping businesses not only grow but also to sustainably support employment in the region, emphasizing long-term economic stability.