QEPD — Diversify your economy - CED (QC)
At a glance
- No Condition
- Open Date : June 09, 2022
- All industries
- Government of Canada
- Canada Economic Development for Quebec Regions
Overview
Eligibility criteria
The eligibility criteria for this grant include:
- Non-profit organizations (NPOs)
- Economic development organizations
- Municipalities and regional county municipalities (RCMs)
- Organizations tasked with attracting international organizations and foreign investment
- Local businesses
- Co-ops
- Business associations
- Indigenous organizations
Who is eligible
Eligible types of companies for this grant include:
- Non-profit organizations (NPOs)
- Economic development organizations
- Municipalities and regional county municipalities (RCMs)
- Organizations tasked with attracting international organizations and foreign investment
- Local businesses
- Co-ops
- Business associations
- Indigenous organizations
Who is not eligible
Some types of companies are ineligible for this grant. Retail businesses such as clothing stores, grocery stores, or automobile sales and maintenance outlets, as well as food services like restaurants and cafés, transportation services, housing construction, daycare services, hair and beauty salons, and nightclubs, bars, and cabarets are not eligible.
- Retail businesses (e.g., clothing stores, grocery stores or automobile sales and maintenance outlets)
- Food services (e.g., restaurants and cafés)
- Transportation services
- Housing construction
- Daycare services
- Hair and beauty salons
- Nightclubs, bars and cabarets
Eligible expenses
Eligible expenses for this grant include costs directly related to the project that are reasonable and essential for implementation. Examples of eligible expenses are:
- Development and enhancement of tourist attractions
- Acquisition of production equipment
- Hiring experts or professionals
- Marketing of products and services
- Capacity building for innovation and new product development
Eligible projects & activities
There are eligible projects and activities for this grant. The funding supports initiatives such as development of the tourism industry, implementation of commercialization strategies, enhancement of tourist attractions, support for communities with economic challenges, acquisition of community facilities, and assistance for local entrepreneurship.
- Development of the tourism industry
- Implementation of commercialization strategies
- Enhancement of tourist attractions
- Support for communities with economic challenges
- Acquisition of community facilities
- Assistance for local entrepreneurship
Eligible geographic areas
There are specific geographic areas targeted for this grant.
- Regions experiencing slow economic growth targeted by Canada Economic Development for Quebec Regions
Evaluation & selection criteria
The evaluation and selection criteria for this grant include assessing the expected results, the viability of the business or organization, technical and financial management capacity, partner contributions, and the degree of risk. In the case of projects involving community economic facilities, additional criteria of benefit to users, regional priority, alignment with the region's development approach, and targeting RCMs experiencing slow economic growth apply.
- Expected results of the project
- Viability of the business or organization
- Technical and financial management capacity
- Contribution of partners in terms of financial and professional services
- Degree of risk
- For projects involving community economic facilities:
- Benefit to users, primarily businesses
- Priority for the region
- Alignment with the region's development approach
- Targeting RCMs with slow economic growth
How to apply
- Step 1: Review funding description and eligibility criteria
- Understand the objectives of the funding program
- Ensure your project aligns with the intended goals
- Check if your organization type is eligible
- Step 2: Prepare project proposal and budget
- Develop a detailed project proposal outlining objectives, activities, and expected outcomes
- Create a budget that includes all necessary project costs
- Step 3: Submit application to Canada Economic Development for Quebec Regions
- Complete the application form with accurate information
- Include all required documents and supporting materials
- Step 4: Await review and decision
- Wait for the funding agency to review your application
- Expect communication regarding the status of your application
Contact information
Grant Summary
This grant program offered by Canada Economic Development for Quebec Regions aims to support SMEs and NPOs in diversifying their local economies by attracting international organizations, increasing tourism, and investing in community economic facilities. It provides financial assistance to eligible clients for projects that promote regional development and economic growth.
Grant Overview
The grant program by Canada Economic Development for Quebec Regions focuses on fostering economic development in Quebec through support for Small and Medium Enterprises (SMEs) and Non-profit Organizations (NPOs). The funding is part of the Quebec Economic Development Program (QEDP) and aims to diversify local economies, promote tourism, attract international organizations, and generate economic spin-offs.
Eligible projects include initiatives to boost tourism spending, enhance the presence of international organizations, support local business projects, and acquire community economic facilities. Examples of funded projects range from the development of the tourism industry to initiatives that support local entrepreneurship, innovation, and economic activity.
The financial assistance offered is generally up to 50% of authorized costs for SMEs, which is repayable without interest, while NPOs can receive non-repayable financial assistance of up to 90% of authorized costs. Eligible costs include those directly related to the project and deemed essential for implementation, with restrictions on certain expenses like refinancing existing debt or purchasing assets above fair market value.
Eligible clients for this grant program include NPOs, economic development organizations, municipalities, RCMs, organizations attracting international organizations and foreign investment, local businesses, co-ops, business associations, and Indigenous organizations. Ineligible clients include retail businesses, food services, transportation services, housing construction, and other specified categories.
Projects are evaluated based on criteria like expected results, organizational viability, technical and financial management capacity, partner contributions, and the level of risk involved. Projects involving community economic facilities must align with regional development priorities and benefit a significant number of users, especially businesses in targeted RCMs experiencing slow economic growth.
In conclusion, this grant program supports initiatives that enhance local economies, promote tourism, attract international organizations, and strengthen community economic development in Quebec regions. It offers financial assistance to eligible clients for projects that contribute to regional growth, innovation, and economic diversification.
