Support Policy For Businesses
Trois-Rivières, QC, Canada
Support Policy for Businesses provides non-repayable grants to private and social economy businesses for growth-generating projects in Trois-Rivières.
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Manufacturing
- Professional, scientific and technical services
- Arts, entertainment and recreation
- Accommodation and food services
grant_single|grantors
- City of Trois-Rivières
grant_single|status
grant_card_status|open
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The support policy for businesses, created in conjunction with the regional development fund, aims to assist private and social economy businesses in their expansion or start-up projects. It targets tourism, industrial, commercial, agricultural, and scientific development sectors with an emphasis on growth-generating initiatives. Eligible expenses include capital assets, collaborative projects for information tools, specialized analysis projects, and the purchase of technologies, excluding R&D activities.
grant_single_labels|projects
This grant is targeted towards the region of Trois-Rivières as indicated by the funding body, Innovation et Développement économique Trois-Rivières.
- Businesses located in Trois-Rivières.
grant_single|admissibleProjectsExample
$40,000
Trois-Rivières
Tourism enhancement project to develop eco-friendly boat tours
$40,000
Trois-Rivières
Construction of a new agricultural research facility to support sustainable farming practices
grant_single_labels|admissibility
Eligibility for this grant is determined by specific requirements related to the types of organizations and their sector of operation.
- The applicant must be a cooperative.
- Eligible entities include private non-profit businesses operating within the social economy sector.
- The applicant can be a private incorporated company, excluding those in the financial sector.
grant_eligibility_criteria|who_can_apply
Cooperatives, private non-profit businesses operating in the social economy sector, and private incorporated companies, with the exception of private businesses in the financial sector, are eligible to apply for this grant.
grant_eligibility_criteria|who_cannot_apply
This grant is focused on supporting specific sectors and types of businesses. Restrictions exist to maintain a strategic focus on sectors that align with the grant’s objectives.
- Private businesses in the financial sector.
grant_eligibility_criteria|eligible_expenses
This grant aids in the expansion or start-up projects for businesses, focusing on key sectors with significant growth potential and innovative development. The eligible projects concentrate on enhancing infrastructure, leveraging technology, and fostering job creation in various domains.
- Tourism projects that diversify offerings and generate growth.
- Innovative industrial, commercial, agricultural, and scientific initiatives that create permanent and quality employment.
- Capital asset improvements including leasehold improvements and related professional fees.
- Collaborative efforts in developing informational tools like websites, including translation costs.
- Analysis projects utilizing specialized expertise for initiating significant growth projects.
- Procurement of technologies such as software, patents, excluding R&D activities.
grant_eligibility_criteria|zone
The grant covers specific expenses essential to support the start-up or expansion efforts and enhance project viability.
- Capital assets including leasehold improvements and professional fees associated with capital assets.
- Equipment such as machinery or rolling stock.
- Projects for implementing information tools like websites, including translation costs.
- Analysis projects requiring specialized expertise for growth-generating initiatives.
- Purchase of technologies, software, patents, excluding research and development activities.
grant_single_labels|criteria
The evaluation and selection of projects for this grant are based on specific criteria with allocated scores to ensure alignment with the grant’s objectives.
- Growth-generating impact of the project (local priority, tangible benefits, job creation).
- Financial structure and package of the project (proponent’s contribution, rigorous search for financing, applicability of the assistance requested, financial health of the proponent, reliable, realistic financial data, self-financing prospects) and the long-term financial viability of the business.
- Relevance of the project (targeted clientele, uniqueness of the project, competition, quality of the offer, innovation).
- Feasibility of the project (realistic timeline, marketing and communication strategy, quality of the business plan).
- Proponent’s expertise and experience.
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Determine Eligibility
- Review the eligibility criteria to ensure your organization and project qualify for the grant.
- Step 2: Gather Required Documentation
- Prepare detailed project descriptions highlighting the growth-generating impact, financial viability, and innovation.
- Compile financial data, including a budget and financing structure.
- Gather documentation demonstrating your expertise and experience.
- Draft a business plan and marketing strategy, if applicable.
- Step 3: Complete Application
- Fill out the application form provided by the funding body.
- Step 4: Submit Application
- Submit the completed application form and all supporting documents to the designated contact at Innovation et Développement économique Trois-Rivières via the provided contact method (e.g., email, online portal, or physical delivery).
- Step 5: Confirmation and Follow-Up
- Receive confirmation of submission from the funding body.
- Keep a record of your application details for future reference.
grant_single_labels|otherInfo
The grant aims to support private and social economy businesses in their expansion or start-up projects, giving priority to initiatives with significant growth-generating impacts and with special attention to certain demographics and industries.
- Non-repayable grant with a maximum amount of $20,000, which can increase to $40,000 for projects with significant growth impacts.
- Assistance rate up to 80% for social economy businesses and 50% for private for-profit businesses.
- Projects selected are subject to a memorandum of understanding detailing disbursement conditions and obligations.
- Priority is given to business succession projects and proponents aged 18 to 35, particularly in industrial and high-tech sectors.
grant_single_labels|contact
info@idetr.com
819 374-4061
Apply to this program
Boost Your Business with Strategic Financial Assistance
This grant is tailored to support private and social economy businesses in Trois-Rivières, facilitating their expansion or startup projects. It aims to aid these businesses in generating growth and fostering innovation across various sectors.
Detailed Insights into the Grant's Potential and Strategic Value
Trois-Rivières has become a fertile ground for economic development with the launch of the support policy for businesses, crafted in collaboration with the regional development fund. This strategic initiative invites private and social economy sectors to leverage this grant for launching or expanding businesses, particularly in tourism, industrial, commercial, agricultural, and scientific domains. The primary focus is on projects that can generate sustainable economic growth while creating high-quality employment opportunities.
The support policy stands out by targeting key areas such as tourism expansion with an eye for diversification and enhancement of current offerings. This not only attracts more visitors but also stimulates local economies by creating new revenue streams. Furthermore, the policy encourages industrial and scientific advancement with a strong preference for innovative projects that enrich the community with stable, well-paid jobs.
Eligible recipients include cooperatives, non-profit social economy businesses, and private incorporated companies, except those in the financial sector. The grant covers a broad spectrum of expenses such as capital improvements, machinery acquisition, and the development of online platforms including their translation. This flexibility allows businesses to adapt and respond to specific growth challenges and opportunities.
Financial assistance is typically capped at $20,000 per project but may extend to $40,000 if the project is shown to have a crucial impact on growth. The amount being non-repayable provides a significant boost to project proponents, allowing them to focus on execution without the burden of debt. Social economy businesses benefit from a generous 80% assistance rate on allowable costs, while private profit-oriented businesses receive support covering up to 50% of their expenses.
The application process involves evaluating the project's expected impact on local economies, job creation prospects, and the soundness of its financial plan. Projects demonstrating long-term viability, with strong financial backing and strategic planning, stand a higher chance of obtaining the grant. Special consideration is given to projects that empower young entrepreneurs aged 18 to 35, reflecting an investment in the next generation of business leaders.
Recipients are required to enter into a memorandum of understanding, establishing clear guidelines and obligations for both parties regarding the disbursement and usage of funds. This ensures accountability and aligns the project outcomes with strategic regional development goals. This initiative not only supports the immediate financial needs of businesses but also establishes a foundation for sustained economic impact, promoting prosperity and development in Trois-Rivières.
In sum, this grant serves as a vital resource for innovators and entrepreneurs looking to make significant strides in their respective industries. By understanding and utilizing this financial tool effectively, businesses can unlock growth potential, contributing to a resilient and dynamic economic framework in the region.
