MRC Rimouski-Neigette — Local Investment Fund QC Canada

MRC Rimouski-Neigette — Local Investment Fund

Rimouski, QC, Canada
FLI/FLS funds support Quebec economic impact projects
grant_single_labels|summary
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grant_single_labels|projects
grant_single_labels|admissibility
grant_single_labels|criteria
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grant_single_labels|summary

grant_single|eligibleFinancing
  • grant_single|fromMinToMax
  • grant_single|projectCostPercent
grant_single|deadlines
  • grant_single|openingDateJune 20, 2023
  • grant_single|closingDateJuly 05, 2023
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
  • Manufacturing
  • Retail trade
  • Information and cultural industries
  • Professional, scientific and technical services
  • Health care and social assistance
  • Arts, entertainment and recreation
  • Accommodation and food services
  • Other services (except public administration)
  • Public administration
grant_single|grantors
  • MRC Rimouski-Neigette
grant_single|status
grant_card_status|open

grant_single_labels|preview

The POLITIQUE D'INVESTISSEMENT COMMUNE DES FONDS LOCAUX provides financial support for businesses in the MRC de Rimouski-Neigette for projects related to startup, business improvement, expansion, and entrepreneurial succession, with a maximum funding amount of $150,000 under the FLI within a twelve-month period. Eligible activities include the acquisition of business assets, improvement of productivity, digital transformation, and support for new business ventures.

grant_single_labels|projects

The eligible projects for this grant focus on supporting various stages of business growth and transformation in Quebec. These activities aim to aid businesses in reaching commercial maturity, improving productivity, and facilitating leadership renewal.
  • Démarrage: Support for businesses in their start-up phase from commercialization to reaching profitability.
  • Relève Entrepreneuriale: Financial aid for individuals or groups acquiring a significant participation in an existing business for succession purposes.
  • Acquisition d'Entreprise: Financing for entities acquiring the assets or shares of an existing business.
  • Amélioration et Transformation d'Entreprise: Support for projects aimed at improving productivity and implementing sustainable practices.
  • Croissance et Expansion d'Entreprise: Aid for profitable businesses to support new product/service commercialization, export projects, or opening subsidiaries.
  • Financement Temporaire: Short-term loans while awaiting confirmed revenue sources.
  • Redressement: Support for businesses undergoing restructuring if permitted by the financial portfolio balance.

grant_single_labels|admissibility

Eligibility for this grant is determined by specific requirements related to the nature and legal status of the company.
  • The applicant must be a legally constituted for-profit enterprise under Quebec or Canadian government laws.
  • The applicant can be a collective enterprise such as cooperatives and non-profit organizations (NPOs) engaged in commercial activities as defined by the Social Economy Act.
  • The enterprise must operate within the territory of the MRC de Rimouski-Neigette and have its head office in Quebec.
  • The enterprise must be registered with the Quebec Enterprise Register (REQ).
  • For the Local Solidarity Fund (FLS), social economy enterprises must meet specific conditions outlined in Annex A.

grant_eligibility_criteria|who_can_apply

This grant is aimed at businesses to support their development and create, maintain, or preserve jobs in the MRC de Rimouski-Neigette region. Eligible applicants include legally constituted for-profit companies and collective enterprises operating on the MRC territory and having their head office in Quebec.
  • For-profit businesses legally constituted under Quebec or Canadian laws.
  • Collective enterprises, such as cooperatives and non-profit organizations (OBNL), with market activities under Quebec's social economy law.
  • Businesses must have their operations and headquarters in the MRC territory.
  • Must be registered with the Quebec Business Registry (REQ).
  • FLS also considers social economy enterprises meeting specific conditions outlined in Annex A.

grant_eligibility_criteria|who_cannot_apply

This grant excludes certain companies and industries due to their status or main activity. The restrictions aim to ensure that funds are directed toward strategic sectors aligned with the grant's objectives.
  • Companies registered in the Register of companies ineligible for public contracts (RENA).
  • Entities that failed to meet previous financial aid obligations within two years prior to the application.
  • State-owned enterprises or those controlled by a government.
  • Entities under the protection of insolvency laws or bankruptcy.
  • Companies with unethical behavior affecting the reputation of public entities.
  • Entities with poor environmental responsibility.
  • Companies with a history of violating labor or human rights regulations.
  • Industries involved in the production or distribution of weapons.
  • Activities connected to fossil fuel extraction and refining, except for those promoting a low-carbon economy transition.
  • Gambling operations, including casinos and bingo halls.
  • Industries involving violent games or combat sports with living beings.
  • Enterprises related to sexual exploitation, including erotic clubs and pornographic production.
  • Real estate management and development, except where financing equipment for better living conditions.
  • Tobacco or drug-related products and services, with certain exceptions for cannabis and hemp when meeting specific criteria.

grant_eligibility_criteria|eligible_expenses

The grant covers specific expenses related to the realization of eligible business projects, particularly in the start-up phase, business improvement, transformation, growth, and entrepreneurial succession.
  • Additional working capital needed for project execution for a maximum period of two years.
  • Capital expenditures directly linked to project realization, such as acquiring technology, land, buildings, equipment, machinery, and vehicles, as well as construction, expansion, renovation, and landscaping of sites and premises.
  • Professional fees incurred before project realization, including feasibility analysis, external audit, or impact studies.
  • Professional fees directly associated with project realization, such as technology implementation, equipment, machinery acquisition, and development of sites and premises.
  • Expenses related to acquiring ownership titles or assets for entrepreneurial succession.
  • Professional fees directly linked to the transaction and acquisition of a business, as well as the succession of business leadership.

grant_eligibility_criteria|zone

This grant is focused on companies that operate within a specific geographical area in Quebec, Canada. The eligible area is defined to support regional economic development efforts.
  • Companies operating on the territory of the MRC de Rimouski-Neigette.

grant_single_labels|criteria

The evaluation and selection of projects for the POLITIQUE D'INVESTISSEMENT COMMUNE DES FONDS LOCAUX are based on ensuring project viability and strategic alignment with the fund's objectives to support economic development in the MRC of Rimouski-Neigette.
  • The economic viability of the financed enterprise, demonstrating a character of permanence, profitability, repayment capacity, and good prospects.
  • The knowledge and experience of the promoters, with a focus on ensuring they possess necessary management skills and have access to necessary internal and external resources if weaknesses are identified.
  • Environmental and societal impacts, encouraging practices that improve socioeconomic and environmental outcomes through sustainable business practices.
  • Openness towards workers and approach to labor relations considered in the financing request analysis.
  • Avoidance of projects solely involving subcontracting or privatization that merely shift economic activity and jobs from one organization to another.
  • Participation of other financial partners, with an emphasis on capital contribution from other sources such as financial institutions and promoters.
  • Sustainability of funds, ensuring self-financing potential guides enterprise selection, with impact on fund balance and sustainability evaluated for each investment case.

grant_single_labels|register

Here are the steps to submit an application for this grant:
  • Step 1: Review Eligibility Criteria
  • Ensure your business or project meets the eligibility criteria outlined in the grant policy.
  • Verify that your project aligns with the economic and social impact goals of the fund.
  • Step 2: Prepare Documentation
  • Complete the required grant application form, ensuring all fields are accurately filled.
  • Prepare a detailed business plan or project proposal including objectives, timelines, and expected outcomes.
  • Gather financial statements for the past three years and any interim statements.
  • Compile any additional documentation required by the policy, such as proofs of Quebec business registration.
  • Step 3: Submission of Application
  • Submit the completed application package to SOPER as specified in the policy document.
  • Ensure you meet any deadlines for submission to be considered for the funding period.
  • Include a cover letter detailing how your application meets the fund’s objectives and criteria.
  • Step 4: Await Confirmation
  • Wait for confirmation from SOPER that your application has been received and is under review.
  • Be prepared to provide additional information or clarification if requested by the reviewing body.

Apply to this program