MRC Portneuf — Business Support Fund
Portneuf, QC, Canada
Portneuf's multi-faceted business support fund offering grants
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- grant_single|openingDateMay 20, 2020
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Grant and Funding
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- MRC Portneuf
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The grant from the MRC de Portneuf offers non-repayable financial contributions, with a maximum funding amount ranging between $1,000 and $15,000, depending on the nature and impact of the project. It aims to support the creation, transfer, innovation, and expansion of new or existing enterprises in sectors such as tourism, technology, and collective entrepreneurship, through activities like feasibility studies, capital expenditures, and marketing strategies.
grant_single_labels|terms_and_conditions
The MRC Portneuf Business Support Fund provides financing through non-refundable contributions, subject to specific terms and agreements between the MRC and the project promoter. The fund's disbursement conditions and promoter obligations are clearly defined in the protocol of agreement.
- All accepted projects require a protocol of agreement outlining the financial assistance terms and party obligations.
- Financial support is non-refundable and available for several business development activities under the fund's eight components.
- Project promoters undergo technical and administrative monitoring during their funding request and the two years following the last payment.
- Funds are granted based on availability, with combined financial assistance from various government levels not exceeding 80% for collective enterprises and 50% for private enterprises of eligible expenses.
- The promoter must contribute at least 20% of the total project cost, with the contribution amount determined by the MRC based on the funding structure.
grant_single_labels|projects
This grant provides support for a wide range of projects aiming to bolster business development, innovation, and expansion within the region. The eligible activities cover a variety of sectors, from business creation to technological advancements.
- Support for creating new enterprises and businesses.
- Assistance for the transfer or succession of existing businesses.
- Backing for collective entrepreneurship initiatives.
- Assistance for emerging business projects, diversification, and consolidation.
- Support for developing the tourism offer.
- Aid for businesses in the information technology sector.
- Support for innovation projects within businesses.
- Assistance for business expansion projects.
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Eligibility for this grant requires companies to meet specific criteria related to their legal status, operational focus, and geographic location.
- The company must be legally constituted, either as a private or collective enterprise.
- The company headquarters and/or primary activities must be located within the territory served by the MRC de Portneuf.
- Applicants must include individuals aged 18 and over who are Canadian citizens or permanent residents, and businesses can be either profit-oriented or non-profit, including cooperatives.
- Applicants must demonstrate relevant experience or training pertinent to their project.
- The company is not excluded by the sectors listed in Annex A of the grant documentation.
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This grant is available to individuals aged 18 and above who are Canadian citizens or permanent residents, as well as businesses, cooperatives, or non-profit organizations located within the MRC de Portneuf.
- Individuals must be at least 18 years old and Canadian citizens or permanent residents.
- Applicants can be for-profit businesses, cooperatives, or non-profit organizations (social economy) based in the MRC de Portneuf area.
- The business or its main activities must be located within the MRC de Portneuf.
grant_eligibility_criteria|who_cannot_apply
This grant excludes certain companies and industries due to their nature or primary activities. The exclusions aim to guide funding towards ventures that align with the MRC's objectives and ethical standards.
- Companies related to gambling, esotericism, and personal growth.
- Pawn shops and pyramid sales businesses.
- Projects with military, discriminatory, sexual, religious, or political themes.
- Commercial representatives and internet site management businesses.
- Businesses involved in real estate management and operation, except structural hotel projects.
- Photography, graphic design, and interior decoration services.
- Secretarial, bookkeeping, and professional consulting services.
- Private daycares and franchises.
- Various service providers like photocopying, animal grooming, and infographics.
- Sectors subject to rigorous analysis, such as landscaping, event organization, and regulated trades.
grant_eligibility_criteria|eligible_expenses
The grant covers various eligible expenses that support the creation, transfer, and development of businesses, focusing on capital, operational, and technological needs.
- Expenditures on capital such as land, building, equipment, machinery, and rolling stock.
- Incorporation fees related to business formation.
- Professional fees and expertise costs related to capital and equipment expenses (architect, notary, lawyer, etc.).
- Acquisition of technologies, software, patents, licenses, or manufacturing agreements.
- Working capital needs strictly related to the company's first-year operations.
- Expenditures on acquiring computer equipment and training personnel on IT projects.
- Consultation fees for feasibility studies, market studies, and business diagnostics.
- Costs associated with developing prototypes, including materials and professional fees.
- Expenses for implementing expansion plans include installation fees, legal costs, professional fees, and employee training related to the project.
- Research and development expenses, both internal and external.
grant_eligibility_criteria|zone
This grant is targeted at businesses operating within the jurisdiction of the MRC de Portneuf. The fund is specifically aimed at supporting local economic development within this regional county municipality.
- Companies with their headquarters located within the MRC de Portneuf.
- Businesses whose primary activities are conducted within the MRC de Portneuf's service area.
grant_single_labels|register
Here are the steps to apply for the "Politique de soutien aux entreprises de la MRC de Portneuf" grant:
- Step 1: Verify Eligibility
- Ensure the business is legally constituted and fits within the eligible sectors defined by the MRC de Portneuf.
- Confirm that the business is located within the territory served by the MRC de Portneuf.
- Step 2: Prepare Application Documents
- Prepare a comprehensive business plan demonstrating project profitability, market validation, timeline, sales, and marketing strategy.
- Compile financial data showing financial viability over three years, including project cost, financing structure, and budget forecasts.
- Provide the curriculum vitae of the business promoter(s) and personal financial records.
- Include proof of financing commitments and any required municipal and government authorizations.
- For consultations requiring financial aid, submit complete service offers from at least two consultants.
- Step 3: Review and Assemble Documents
- Ensure all required documents are complete and meet the criteria outlined by the MRC.
- Verify inclusion of necessary shareholder agreements, incorporation documents, and financial statements.
- Step 4: Submit Application
- If applicable, consult with the MRC to clarify required documents.
- Submit the complete application to the MRC of Portneuf before the deadline.
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Here are additional relevant details for the grant applicants:
- All awarded projects will require a formal agreement outlining financial aid conditions and promoter obligations, ensuring compliance throughout project completion and for two years post-final disbursement.
- Applicants may only submit one application per 12-month period, except for research and development, allowing one application every 24 months.
- The enterprise headquarters or primary activities must be located within the MRC de Portneuf's territory.
- Funding cannot be used for debt servicing, upcoming debt repayments, or regular operations, with rare exceptions for the first operational year for social economy enterprises, extendable to two years.
- Technical support is provided by the economic development team for business plan analysis before submission to the decision-making committee.
- A project's eligibility is first reviewed by the economic development team before formal submission.
- The MRC reserves the right to reject projects deemed misaligned with its strategic directions.
Apply to this program
Comprehensive Support for Portneuf Businesses
The MRC de Portneuf offers a multi-faceted grant program to support business creation, development, and expansion within its region. This initiative is designed to foster entrepreneurship, innovation, and diversification across various sectors, helping to drive local economic growth.
Navigating the MRC de Portneuf Business Support Policy
The MRC de Portneuf has implemented a robust policy aimed at bolstering its local economy through a structured business support fund, catering to a diverse range of entrepreneurial needs. This comprehensive fund operates under eight specific streams, each tailored to address distinct facets of business development: from seed funding for new enterprises and facilitating ownership transitions to encouraging collective entrepreneurship and supporting business innovation and expansion. Launched in 2020, this policy leverages non-repayable financial contributions to stimulate business vitality across Portneuf.
Through this integrated policy, the MRC de Portneuf targets several core objectives, including the initiation and sustainability of both private and collective enterprises, support for pre-project studies, and the encouragement of business diversification and innovative practices. Each stream under the policy addresses a different facet of the business life cycle, thus ensuring that entrepreneurs at various stages of their journey have access to necessary support.
The available funding is subject to several conditions, such as the requirement for a business to be legally constituted and for its primary operations to be based in Portneuf. Criteria for fund allocation are stringent, reflecting the MRC's dedication to fostering sustainable business practices and ensuring responsible disbursement of resources. The total combined financial support from various government levels, including federal, provincial, and municipal, along with the MRC funds, must not exceed a specific percentage of eligible expenses, ensuring a balanced and fair distribution.
Each application is meticulously evaluated to ensure alignment with the fund’s objectives and strategic priorities. The MRC provides technical assistance during the evaluation process, which includes analyzing business plans and ensuring all documentation is prepared comprehensively. This approach not only aids entrepreneurs in accessing funds but also helps them sharpen their business strategies, positioning them for long-term success.
The policy further delineates the eligibility and expenses for each business activity stream. For instance, expenses related to capital requirements, professional fees, and essential technology acquisitions are typically eligible, encouraging businesses to invest in resources that contribute to their growth and sustainability. Moreover, the MRC actively encourages innovation through targeted support, particularly for projects that demonstrate a substantial potential for regional impact.
Given the strategic emphasis on innovation, many streams prioritize projects that incorporate cutting-edge technologies or approaches that promise to enhance productivity and market reach. The move towards technological integration is reflected in the policy objectives, encouraging local businesses to adopt modern solutions to remain competitive in a fast-evolving market landscape.
The MRC's approach to funding is notably flexible and insightful, tailoring support to meet the specific needs of businesses while simultaneously fostering a vibrant and resilient local economy. Through its varied initiatives, the MRC de Portneuf exemplifies proactive economic stewardship, providing businesses with opportunities to thrive and contributing to the broader goal of sustainable regional development.