MRC Rimouski-Neigette — Local Investment Fund

Who is eligible?

• Legally incorporated for-profit companies under Quebec or Canadian law
• Collective enterprises such as cooperatives and non-profit organizations (NPOs) with commercial activities, recognized under the Social Economy Act
• Small and medium-sized businesses (SMEs) from all sectors, except those explicitly excluded

Who is not eligible

• Companies listed in the Register of enterprises ineligible for public contracts (RENA), including their subcontractors.
• Government-owned corporations, government-controlled companies, or businesses majority-owned by a public corporation.
• Companies under bankruptcy protection, restructuring, or insolvency proceedings.
• Businesses involved in sectors such as arms production or distribution, fossil fuel extraction/refining (except low-carbon transition activities), gambling and games of chance, violent gaming or combat sports with living creatures, and the sex industry.
• Businesses with a history of ethical misconduct, non-compliance with environmental laws, or violations of labor or human rights standards.

Eligible expenses

• Additional working capital required for the execution of the project, up to a maximum of two years.
• Capital expenditures directly linked to the project, including acquisition of technology, land, buildings, equipment, machinery, and vehicles.
• Construction, expansion, renovation, and layout costs for land and premises directly related to the project.
• Professional fees necessary prior to the project’s implementation, such as feasibility analysis, external audits, or impact studies.
• Professional fees directly related to the execution of the project, such as implementation of technology, equipment, and machinery, or for acquisition, construction, renovation, and layout of property and premises.
• For entrepreneurial succession projects: expenses for acquiring business ownership titles (voting shares or equity) and business assets, as well as professional fees directly related to the business transaction and succession process.

Eligible geographic areas

• Companies operating within the territory of the MRC (Municipalité Régionale de Comté) de Rimouski-Neigette.
• Businesses with their head office located in Quebec.

• The decision-making process and management of the funds are overseen by a common investment committee (CIC), which may request exceptions to the investment framework under certain conditions.
• The policy is subject to change by the managing organization but must remain within the authorized frameworks established by external partners such as the MEIE and Fonds locaux de solidarité FTQ, s.e.c.
• If changes to the investment policy compromise joint investment principles, CIC input is required before implementation.
• The policy explicitly states that in no case can an exception be granted for a business with a negative net worth after the project.