QEPD — Diversify your economy - CED (QC)
QC, Canada
Money to develop local economy and tourism in Quebec
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|openingDateJune 09, 2022
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Information and cultural industries
- Professional, scientific and technical services
- Arts, entertainment and recreation
- Accommodation and food services
- Other services (except public administration)
grant_single|grantors
- Government of Canada
- Canada Economic Development for Quebec Regions (CED)
grant_single|status
grant_card_status|open
grant_single_labels|preview
Support for SMEs and NPOs to attract international organizations to the regions, draw tourists from outside Quebec or acquire community economic facilities.
grant_single_labels|projects
This funding is specifically targeted at Regional County Municipalities (RCMs) in Quebec that are experiencing slow economic growth and Montréal’s East End. These areas are emphasized to ensure that the support benefits regions with particular economic challenges and opportunities for development.
- Regions identified as economically vulnerable RCMs in Quebec.
- Montréal’s East End.
grant_single|admissibleProjectsExample
$250,000
Establishment of a community center to support local entrepreneurship
$160,000
Enhancement of a nature park to attract tourists
$170,000
Implementation of strategies to enhance local cultural festivals
$120,000
Development of a commercialization strategy for local products
$150,000
Support for a community kitchen initiative
$280,000
Renovation and promotion of a historical site to boost tourism
grant_single_labels|admissibility
Eligibility for this grant is determined by specific criteria related to the applicant's type and the nature of the project.
- The applicant must be a non-profit organization, economic development organization, municipality, regional county municipality, organization tasked with attracting international organizations and foreign investment, local business, co-op, business association, or Indigenous organization.
- The project must involve activities such as boosting tourist spending from outside Quebec, increasing the presence of international organizations, or developing community economic facilities.
- The project must align with regional priorities and contribute to local economic development.
- The applicant should not belong to sectors like retail, food services, transportation services, housing construction, daycare services, hair and beauty salons, nightclubs, bars, and cabarets, as these are ineligible.
- Additional eligibility may apply to SMEs or NPOs in economically vulnerable regions, offering flexible program conditions.
grant_eligibility_criteria|who_can_apply
Small and Medium Enterprises (SMEs), Non-profit Organizations (NPOs), municipalities, regional county municipalities (RCMs), economic development organizations, co-ops, business associations, Indigenous organizations, and organizations tasked with attracting international organizations and foreign investment are eligible to apply for this grant. Eligible applicants should be involved in projects that seek to diversify economic activities, attract international organizations, increase tourism, or develop community economic facilities.
grant_eligibility_criteria|who_cannot_apply
This grant excludes specific types of companies and industries based on their status or primary activities. The aim is to direct resources towards enhancing regional economic development in line with the grant's objectives.
- Retail businesses such as clothing stores, grocery stores, or automobile sales and maintenance outlets.
- Food services, including restaurants and cafés.
- Transportation services.
- Housing construction.
- Daycare services.
- Hair and beauty salons.
- Nightclubs, bars, and cabarets.
grant_eligibility_criteria|eligible_expenses
This funding supports projects aimed at boosting economic diversity and development in Quebec's regions through international attraction and infrastructure enhancement. Eligible projects emphasize regional tourism development, international engagement, and community economic facilities.
- Development of the tourism industry, including promotional tools and event participation.
- Development and enhancement of tourist attractions, festivals, sporting events, and cultural productions.
- Specifications, studies, diagnoses, or action plans addressing economic issues.
- Acquisition of community facilities or implementation of infrastructure for economic development.
- Support for local entrepreneurship, including acquisition of production equipment and hiring of experts.
- Marketing of products and services to increase regional economic activity.
- Enhancement of the capacity to innovate and develop new products or processes.
grant_eligibility_criteria|zone
The grant covers eligible costs that are directly related and essential to the implementation of the project.
- All costs directly related to the project deemed reasonable by CED.
grant_single_labels|criteria
The evaluation and selection of projects for this grant are based on specific criteria that assess the expected outcomes, organizational capabilities, and the fit with regional development priorities.
- The expected results of the project.
- The viability of the business or organization.
- Technical and financial management capacity.
- Contribution of partners in terms of financial resources or professional services.
- The degree of risk involved.
- For community economic facilities projects, the project must benefit multiple users, primarily businesses.
- The project's prioritization in the region.
- The project's alignment with the region’s development approach.
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Preliminary Assessment
- Review the eligibility criteria to ensure your organization qualifies for the grant.
- Determine if your project aligns with the funding objectives, such as boosting tourism or acquiring community facilities.
- Step 2: Gather Necessary Information
- Collect details about your organization, including financial statements and strategic plans.
- Compile project specifics, such as expected outcomes, budget, and timelines.
- Identify partners and stakeholders who will contribute to the project.
- Step 3: Contact CED for Guidance
- Reach out to Canada Economic Development (CED) via telephone at 1-800-561-0633 or email to discuss your project.
- Seek advice on the application process and clarify any queries.
- Step 4: Prepare the Application
- Draft a comprehensive project proposal, ensuring to include strategic impact on regional economic development.
- Include all required documents, such as project plans, budget estimates, and letters of support.
- Step 5: Submit the Application
- Ensure that all parts of the application are complete and accurate.
- Submit the application to CED as per the guidelines provided during your contact with them.
- Step 6: Follow-up and Confirmation
- After submission, await confirmation of receipt from CED.
- Maintain communication with CED to track the progress of your application.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- Businesses or organizations in economically vulnerable regions, such as Montreal's East End, may be eligible for more flexible program conditions.
- NPOs can receive up to 90% non-repayable financial assistance for their projects.
- Financial assistance for SMEs is repayable but interest-free, with repayment starting two years after project completion.
- Eligible costs include those deemed reasonable and essential to the project, while non-essential costs are ineligible.
- Non-essential costs include refinancing of existing debt, assets purchased above fair market value, amortization expenses, and goodwill costs.
grant_single_labels|contact
1-800-561-0633
Apply to this program
Enhancing Regional Economic Growth in Quebec
This grant aims to stimulate economic development in Quebec regions by supporting SMEs and NPOs in attracting international organizations and tourists. It also provides funding for acquiring community economic facilities to bolster local economies.
Understanding the Key Aspects of the Grant for Quebec Regional Development
The Canada Economic Development for Quebec Regions programs are pivotal in enhancing regional economies, particularly through the Quebec Economic Development Program (QEDP) which is dedicated to diversifying the economic landscape. This grant focuses on driving positive externalities such as increased tourist spending and the presence of international organizations, alongside invigorating local business ventures and investments.
With a primary emphasis on stimulating economic activities that have lasting regional benefits, this grant provides substantial backing for initiatives that showcase the potential to attract international tourists or organizations or those focusing on acquiring and developing community economic facilities. These facilities are instrumental in generating substantial economic spin-offs, often fostering new business opportunities and collaborations that ripple across the entire region.
The types of projects supported under this grant are varied, yet all share a common purpose of regional enhancement. For instance, the development of the tourism sector is encouraged, with funding available for promotional strategy creation, participating in significant events, and elevating tourist attractions, including cultural festivities and sporting events. Similarly, support extends to communities facing economic stagnation or shocks, focusing on analytical endeavors like economic diagnostics and action plans that propose sustainable solutions aligned with community needs.
The grant also extends its remit to propelling local entrepreneurship and capacity building. This includes financing the acquisition of new production equipment, hiring of expertise for skill enhancement, and marketing endeavors to extend product and service reach. Innovation is a key focus area, providing companies with the ability to explore new product developments or processes that may otherwise be financially inaccessible without support.
In terms of financial assistance structure, SMEs can typically access up to 50% of authorized project costs, with the advantage of a repayable and interest-free scheme, allowing a two-year repayment grace period post-project completion. This is particularly significant for expanding businesses needing capital expenditure support without the immediate financial pressure. NPOs benefit from greater financial leeway, with up to 90% of authorized costs covered on a non-repayable basis, significantly supporting community-focused initiatives and ensuring vital projects are sustained without the burden of debt.
Eligibility for this grant is designed to be inclusive, encompassing a wide spectrum of organizational types, from economic development organizations to local businesses and Indigenous organizations. However, it deliberately excludes certain sectors where economic benefits to the wider regional economy are deemed less significant. The rigorous analysis criteria ensure that projects with the highest potential for regional benefit, viability, and overall impact are prioritized in funding decisions.
Through this structured funding approach, the grant aims not just to assist individual entities but to underpin more comprehensive economic development objectives within Quebec. By strategically deploying resources where they can achieve the most tangible benefits, the program not only enhances immediate economic development but also lays the groundwork for long-term regional prosperity, encouraging a thriving economic ecosystem that is inclusive and dynamic.
