PME MTL — New Community Businesses

This grant provides a structured financial assistance package aimed at supporting new community-based businesses on Montréal Island. The financing is designed to ensure these enterprises have access to necessary subsidies, grants, and loans.

• A $3,000 subsidy from the Caisse d’économie solidaire Desjardins.
• A $10,000 grant from PME MTL through the Fonds de développement de l’économie sociale.
• A $10,000 loan from PME MTL, the Caisse d’économie solidaire Desjardins, or another partner in the social economy network.

To be eligible for the Fonds Jeunes entreprises collectives financing, community-based businesses must meet specific criteria as outlined below.

• Be a new community-based business (less than 5 years old).
• Operate the business on Montréal Island.
• Be a member of the Caisse d’économie solidaire or be prepared to join.
• Submit a business plan showing that the enterprise is economically viable.

Who is eligible?

Eligible community-based businesses for this grant must be new (less than 5 years old), operate on Montréal Island, be a member of the Caisse d’économie solidaire or willing to join, and demonstrate economic viability in their business plan.

• New community-based businesses (less than 5 years old)
• Operating on Montréal Island
• Membership in the Caisse d’économie solidaire or willingness to join
• Presentation of an economically viable business plan

Who is not eligible

Some companies may not be eligible for this grant. Eligibility criteria include:

• Companies older than 5 years
• Companies operating outside Montréal Island
• Companies not willing to become a member of the Caisse d’économie solidaire
• Companies lacking an economically viable business plan

Eligible expenses

The Fonds Jeunes entreprises collectives grant offers financing for eligible community-based businesses. Eligible expenses for this grant include:

• Startup costs
• Operational expenses
• Marketing and promotion

Eligible geographic areas

This grant is targeted at community-based businesses specific to a defined geographical area within a region. Eligible locations are restricted to align with local socio-economic development initiatives.

• Businesses operating on Montréal Island.

Every application for the Fonds Jeunes entreprises collectives grant is reviewed by the joint investment committee (CIC) to assess the entrepreneur's qualifications and the viability of the business plan within the fund's objectives and requirements.

• New community-based business (less than 5 years old)
• Operate the business on Montréal Island
• Be a member of the Caisse d’économie solidaire or be prepared to join
• Submit a business plan demonstrating economic viability