MRC Portneuf — Joint Investment Fund FLI/FLS QC Canada

MRC Portneuf — Joint Investment Fund FLI/FLS

QC, Canada
Joint Investment Policy supporting Quebec enterprises and employment
grant_single_labels|summary
grant_single_labels|preview
grant_single_labels|projects
grant_single_labels|admissibility
grant_single_labels|criteria
grant_single_labels|register
grant_single_labels|otherInfo

grant_single_labels|summary

grant_single|eligibleFinancing
  • grant_single|maxCount
  • grant_single|projectCostPercent
grant_single|deadlines
  • grant_single|openingDateJuly 13, 2023
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
  • Other services (except public administration)
  • Public administration
grant_single|grantors
  • MRC Portneuf
grant_single|status
grant_card_status|open

grant_single_labels|preview

The grant program, jointly administered by the Fonds local d’investissement (FLI) and Fonds local de solidarité (FLS), aims to support the development and economic growth of businesses within the MRC de Portneuf by providing essential financial contributions for various stages of a business lifecycle, including startup, expansion, and entrepreneurship transition, with a maximum funding amount not exceeding $150,000 for FLI and $100,000 for FLS per beneficiary. Eligible activities funded by the program include business startup, acquisition, expansion, improvement, and other projects that promote entrepreneurial initiatives, job creation, and socio-economic benefits in the region.

grant_single_labels|projects

The Politique d’investissement commune FLI/FLS provides financial support for various entrepreneurial activities on the territory of the MRC, focusing on the growth and sustainability of businesses. Eligible projects include initiatives in business development, expansion, and improvement.
  • Business startups in their commercialization phase.
  • Business improvement and transformation projects, including productivity enhancements and digital transformation.
  • Business growth and expansion projects for established enterprises.
  • Entrepreneurial succession for new owners acquiring substantial parts of an existing business.
  • Business acquisition, focusing on purchasing existing business assets or shares.
  • Temporary financing for anticipated confirmed revenue sources, such as bridging loans.
  • Business turnaround under specific conditions, involving strong management and planning.

grant_single_labels|admissibility

Eligibility for this grant is determined by specific requirements related to the applicant's profile, location, and registration status.
  • The applicant must be a for-profit business legally constituted under the laws of the Government of Quebec or Canada, or a collective enterprise such as a cooperative or nonprofit organization with commercial activities, as defined under the Social Economy Act.
  • The business must operate within the territory of the MRC and have its headquarters in Quebec.
  • The business must be registered with the Quebec Business Register (REQ).
  • Social economy enterprises applying for the local solidarity fund (FLS) must meet specific conditions outlined in Annex A.

grant_eligibility_criteria|who_can_apply

This grant primarily aims to support legally constituted for-profit businesses and social economy enterprises operating in the MRC territory, aiming for economic impact within Quebec while contributing to local economic development.
  • For-profit businesses legally constituted under Quebec or Canadian laws.
  • Social economy enterprises such as cooperatives and not-for-profit organizations that meet specific conditions.
  • Enterprises operating in sectors aligned with annual intervention priorities adopted by the MRC council.
  • Businesses with a registered office in Quebec and registered with the Quebec Business Register.
  • Enterprises committed to creating, maintaining, or safeguarding jobs in the MRC territory.

grant_eligibility_criteria|who_cannot_apply

This grant excludes certain companies and industries due to their status, involvement in prohibited activities, or ethical considerations. Restrictions ensure that funds support businesses contributing positively to the local economic ecosystem.
  • Companies registered on the Register of companies not eligible for public contracts (RENA) or with subcontractors listed on RENA.
  • Enterprises that have failed to meet obligations with previous financial aid from the Ministry or the MRC within the last two years.
  • State-owned enterprises or those controlled directly or indirectly by any government level.
  • Companies under protection of the Companies' Creditors Arrangement Act or Bankruptcy and Insolvency Act.
  • Organizations exhibiting unethical behavior that could tarnish the image of governmental or MRC integrity.
  • Businesses engaged in legal disputes with the MRC of Portneuf or its municipalities.
  • Companies with a history of not complying with environmental laws or employment and human rights legislation.
  • Involvement in the production or distribution of armaments, non-transition fossil fuels, gambling, violent or exploitative activities, and real estate management and development.
  • Activities related to the production, sale, and service of tobacco or non-healthcare-related drugs, including certain cannabis products.

grant_eligibility_criteria|eligible_expenses

The grant covers specific expenses directly related to the investment project for businesses.
  • Additional working capital needed due to the project's activities for up to two years.
  • Capital expenditures directly linked to the project's realization, such as technology, land, buildings, equipment, machinery, and rolling stock acquisitions.
  • Professional fees incurred prior to the project's realization, including feasibility studies, external audits, or impact assessments.
  • Professional fees strictly and directly related to the implementation of technology, equipment, and machinery, as well as the acquisition, construction, renovation, and layout of the land and premises.
  • Acquisition costs of voting shares or parts of the target company and assets involved in entrepreneurial succession projects.
  • Professional fees strictly and directly related to the acquisition transaction and the leadership transition of the company.

grant_eligibility_criteria|zone

This grant is available to companies operating within the geographical jurisdiction of the MRC of Portneuf. Eligible companies must have their operations based in this region to qualify for funding.
  • Businesses located within the territory of the MRC of Portneuf.
  • Companies with their headquarters registered in Québec.

grant_single_labels|criteria

The evaluation and selection of projects for the Fonds locaux d’investissement (FLI) and Fonds local de solidarité (FLS) grants focus on several specific criteria to ensure the projects align with economic viability, experience, societal and environmental impact, among other considerations.
  • Economic viability of the funded enterprise: The project must demonstrate sustainable profitability, repayment capacity, and positive future prospects.
  • Knowledge and experience of the promoters: Demonstrated relevant expertise and management skills are crucial, although external support can be considered if internal resources are insufficient.
  • Environmental and societal impacts: Projects should contribute positively to the socio-economic and environmental landscape through sustainable business practices.
  • Openness towards employees: Consideration of the company’s attitude and approach to labor relations and employee engagement.
  • Subcontracting and privatization of operations: Funds should not be used to invest in projects solely focused on subcontracting or privatizing operations that merely shift economic activity and jobs.
  • Participation of other financial partners: It is highly desirable to have capital input from additional sources, including minimal involvement of a financial institution and promoter contributions.
  • Sustainability of the funds: The self-financing potential of the project is assessed to ensure the long-term balance and sustainability of the funds.

grant_single_labels|register

Here are the steps to submit an application for this grant:
  • Step 1: Verify Eligibility
  • Ensure your business or project meets the eligibility criteria outlined in the policy, such as being located within the MRC de Portneuf and operating within approved sectors.
  • Step 2: Gather Required Documentation
  • Prepare all necessary documents as per the requirements listed in the application form, which may include project proposals, financial statements, and business plans.
  • Step 3: Complete Application Form
  • Fill out the application form provided by the MRC de Portneuf or its designated body.
  • Ensure all information is accurate and complete before submission.
  • Step 4: Submit Application
  • Submit the completed application along with all required documents to the MRC de Portneuf.
  • Ensure submission is done within any specified deadlines to avoid disqualification.
  • Step 5: Await Decision
  • The application will be reviewed by the committee responsible for investment, who meets monthly to approve financial assistance.
  • Be prepared to provide additional information if requested by the committee.
  • Step 6: Receive Notification
  • Once a decision is made, a notification will be sent informing the applicant of the outcome.

grant_single_labels|otherInfo

Further considerations for this grant include:
  • The grant committee meets monthly to review and approve financial assistance requests.
  • Projects should demonstrate sustainability and balance within the overall fund portfolio.
  • The applicant must submit all necessary documentation through the specified financial aid application form.
  • The investment policy can be modified by the MRC within established frameworks, but all changes must be communicated to relevant overseeing bodies.

Apply to this program

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