PME MTL — New Community Businesses
Montréal, QC
Money for community-based businesses in Montreal
grant_single|update January 24, 2025
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|fromMinToMax
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
Loans and Capital investments
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- PME MTL
grant_single|status
grant_card_status|open
grant_single_labels|preview
Your new community-based venture may be eligible to receive $23,000 in loans and subsidies.
grant_single_labels|terms_and_conditions
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.
grant_single_labels|projects
This grant supports new community-based businesses in their early development stages on Montréal Island. It aims to provide financial assistance for foundational and operational activities to ensure economic viability.
- Support for creating and refining a comprehensive business plan demonstrating economic viability.
- Initial funding to cover early business expenses and development activities.
- Financing support for membership with the Caisse d’économie solidaire.
grant_single|admissibleProjectsExample
$ 23,000
Establishing a community-based recycling center to promote environmental sustainability
$ 23,000
Developing a community makerspace to boost local craftsmanship and innovation
$ 23,000
Launching a health-focused community café with sustainable practices
$ 23,000
Opening of a local artisan bakery with a focus on organic ingredients
grant_single_labels|admissibility
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.
grant_eligibility_criteria|who_can_apply
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
grant_eligibility_criteria|who_cannot_apply
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
grant_eligibility_criteria|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
grant_eligibility_criteria|zone
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.
grant_single_labels|criteria
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
grant_single_labels|apply
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