RCM de la Vallée-Du-Richelieu — Local investment funds (FLI)

• The applicant must be a legally incorporated for-profit business, cooperative, or non-profit organization with commercial activities, established under Quebec or Canadian law.
• The organization must operate its business in Quebec and be legally constituted to do so.
• The applicant must not be listed in the Register of Enterprises Ineligible for Public Contracts (RENA).
• Applicants must have fulfilled all previous financial aid obligations with the Quebec government or regional county municipality (MRC) for at least the past two years.
• The applicant must not be a government-controlled entity, state corporation, or majority-owned subsidiary of such organizations.
• The company must not be bankrupt, insolvent, or involved in unethical conduct that could damage the integrity or reputation of the Quebec government.
• The project must be eligible under the MRCVR investment policy.

Who is eligible?

• For-profit companies legally constituted in Quebec or Canada.
• Collective enterprises such as cooperatives and non-profit organizations (NPOs) engaged in commercial activities.
• Agricultural enterprises with their head office and activities in the territory of the MRC de la Vallée-du-Richelieu.
• Social economy enterprises located in the territory of MRCVR.
• Young entrepreneurs aged 18 to 39 wishing to start or develop a business.

Who is not eligible

• Businesses listed in the Register of Enterprises Ineligible for Public Contracts (RENA).
• State-owned companies or businesses directly or indirectly controlled by a government (municipal, provincial, or federal), municipal entity, or enterprises majority-owned by a state corporation.
• Companies in bankruptcy or insolvency.
• Organizations or businesses with ethical violations or that offer products or services likely to harm the integrity or reputation of the Quebec government.

Eligible expenses

• Additional working capital needs, justified and reasonable, required for project completion (for up to two years).
• Capital expenditures directly related to project realization, including acquisition of technology, land, buildings, equipment, machinery, and vehicles, as well as expenses for construction, expansion, renovation, and improvement of premises or land.
• Professional fees for preliminary project activities, such as feasibility analysis, external audit, or impact study.
• Professional fees directly related to the implementation of the project, including integration of technology, equipment, and machinery, as well as acquisition, construction, renovation, or layout of land and premises.
• Acquisition costs for company ownership titles (voting shares or units) and assets as part of a business succession.
• Professional fees directly tied to the transaction, acquisition, and management transition during business succession.

Eligible geographic areas

• Organizations legally constituted to operate in Quebec.
• Businesses within the territory of the Vallée-du-Richelieu Regional County Municipality (MRCVR).

• The advisory team assists applicants in preparing and reviewing business models, financial structures, and financial forecasts for their funding requests.
• Applicants must not use subcontractors listed in the Register of Enterprises Ineligible for Public Contracts (RENA).
• Prior financial assistance obligations to the Quebec government or the MRC must have been respected in the past two years.