Open
MRC Rimouski-Neigette — Local Investment Fund
Financing for business growth and succession
Last Update: April 10, 2026
Funding available
$ 10,000 - $ 150,000
Timeline
- Open Date : July 5, 2023
Location
Rimouski, Bas-Saint-Laurent, Quebec, Canada
Overview
Funding can reach up to 150,000 CAD through the FLI, while FLS financing may reach 100,000 CAD per business group. It supports business start-up, improvement, expansion, acquisition, succession, and temporary financing projects.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Increase performance through digital transformation
- Increase production or service capacity
- Increase operational productivity
Eligible Funding
- Maximum amount : 150,000 $
- Minimum amount : 10,000 $
- Up to 50% of project cost
Timeline
- Open Date : July 5, 2023
Eligible candidates
Eligible Industries
- 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
Location
- Rimouski-Neigette
- Rimouski
- Bas-Saint-Laurent
- Quebec
Legal structures
- Non-profit
- For-profit business
- Social economy enterprise
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Startups
Non-profit candidates
Sector of operation
- Economic, Social and Community Development
Target groups
- Rural / Remote communities
- Business owners / entrepreneurs
- Nonprofits / charities
Revenue structures
- Mixed revenue (50%+ earned)
Scope
- Regional
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Business start-up projects
- Business improvement and transformation projects
- Business growth and expansion projects
- Business acquisition projects
- Entrepreneurial succession projects and temporary bridge financing
Documents Needed
- Completed, dated and signed application form
- Business plan or detailed project description
- Detailed project expense breakdown
- Project financing plan and confirmation of other funding
- Financial statements and forecasts
Eligibility
Who is eligible?
- For-profit businesses
- Cooperatives
- Non-profit organizations with economic activities
- Small and medium-sized businesses
Who is not eligible
- Businesses listed in the RENA registry
- Publicly controlled companies or state-owned enterprises
- Businesses under bankruptcy or insolvency protection
- Companies involved in weapons, fossil fuels, gambling, violent games, sexual exploitation, real estate development, tobacco or drug-related activities
Eligible expenses
- Working capital needed for the project
- Equipment, machinery, technology, and vehicle purchases
- Construction, renovation, expansion, and site or premises fitting
- Professional fees related to feasibility, audits, impact studies, implementation, acquisition, or transfer
- Purchase of shares, parts, or assets for business succession
Ineligible Costs and Activities
- Costs incurred before the application is filed
- Debt service, future loan repayments, and capital replacement
- Research and development expenses
- Normal operating expenses and Quebec sales taxes
- Projects involving pre-startup, loan guarantees under FLS, or subprime sectors such as weapons, fossil fuels, gambling, violent games, sexual exploitation, or real estate development
Eligible geographic areas
- MRC of Rimouski-Neigette
- Businesses with head office in Quebec
Processing and Agreement
- Applications are reviewed, analyzed, and decided by SOPER.
- Files are processed continuously once the required information and documents are provided.
- Assessment is done while considering fairness, budget availability, and the program rules.
- If approved, financing is governed by a loan contract and the applicable terms.
- Non-compliance can lead to recovery procedures.
Additional information
- The SOPER manages the review and decision process.
- Applications are processed on an ongoing basis as files are completed.
- The policy took effect on July 5, 2023.
- Modified versions must respect MEIE and Fonds locaux de solidarité FTQ frameworks.
Contacts
Frequently Asked Questions about the MRC Rimouski-Neigette — Local Investment Fund Program
Here are answers to the most common questions about the MRC Rimouski-Neigette — Local Investment Fund. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.
What is the MRC Rimouski-Neigette — Local Investment Fund?
Funding can reach up to 150,000 CAD through the FLI, while FLS financing may reach 100,000 CAD per business group. It supports business start-up, improvement, expansion, acquisition, succession, and temporary financing projects.
How much funding can be received?
MRC Rimouski-Neigette — Local Investment Fund Funds up to 50% of admissible expenses, capped at $150,000 per project.
Who is eligible for the MRC Rimouski-Neigette — Local Investment Fund program?
To be eligible for the MRC Rimouski-Neigette — Local Investment Fund program, you must:
Legally incorporated business
Operating in the MRC territory
Head office in Quebec
What expenses are eligible under MRC Rimouski-Neigette — Local Investment Fund?
Business start-up projects
Business improvement and transformation projects
Business growth and expansion projects
Business acquisition projects
Entrepreneurial succession projects and temporary bridge financing
Who can I contact for more information about the MRC Rimouski-Neigette — Local Investment Fund?
You can contact MRC Rimouski-Neigette by email at none or by phone at none.
Where is the MRC Rimouski-Neigette — Local Investment Fund available?
The MRC Rimouski-Neigette — Local Investment Fund program is available Bas-Saint-Laurent, Quebec.
Is the MRC Rimouski-Neigette — Local Investment Fund a grant, loan, or tax credit?
MRC Rimouski-Neigette — Local Investment Fund is a Expert Advice