MRC Témiscamingue — Tourism Attraction Fund
Last Update: May 13, 2025
Ville-Marie, QC
Financial assistance for launching new tourism businesses in Témiscamingue
MRC Témiscamingue — Tourism Attraction Fund at a glance
Eligible Funding
- From $5,000 to $20,000
- Up to 15% of project cost
Timeline
- Continuous Intakes
Financing Type
Loans and Capital investments
Eligible Industries
- Arts, entertainment and recreation
- Accommodation and food services
- Other services (except public administration)
- Public administration
Grant Providers
- MRC Témiscamingue
Status
Open
Overview of the MRC Témiscamingue — Tourism Attraction Fund program
The MRC Témiscamingue Tourism Attraction Fund provides up to $20,000 in no-interest loans to stimulate the launch of new tourism businesses and services in the region. Eligible activities include capital investments, technology acquisition, and initial working capital for adventure-nature, outdoor, guiding, lodging, and cultural tourism projects.
Financing terms and conditions
- Minimum financial support of $5,000 per project.
- Maximum financial support of $20,000 per project.
- Mandatory private contribution between 15% and 25% of the project budget.
- Maximum financial support period of 5 years.
- No interest charged for the entire duration of the loan.
Eligible projects & activities
- Launch of new tourism businesses or services in the Témiscamingue region.
- Expansion of existing non-tourism businesses into the tourism sector with new service offerings.
- Development of adventure or nature-based tourism projects, including outdoor recreation services.
- Creation of cultural tourism initiatives that enhance the region's tourism offering.
- Establishment of services supporting tourism such as guiding, equipment rental, or accommodation.
Eligibility criteria of the MRC Témiscamingue — Tourism Attraction Fund program
- The applicant must be a legally constituted company, which may include a sole proprietorship, general partnership, corporation, social economy enterprise, or legally established cooperative.
- The company must have its head office located within the tourism territory of the MRC de Témiscamingue.
- The project must target a predominantly tourist clientele.
- The applicant must submit a comprehensive business plan demonstrating financial viability.
- The project must comply with all applicable laws and regulations in Quebec.
Who is eligible?
- Existing legally constituted companies not yet active in tourism but planning to develop new tourism services
- New legally constituted companies
- Sole proprietorships
- General partnerships
- Corporations
- Social economy enterprises
- Legally constituted cooperatives
Who is not eligible
- Businesses whose main activity is in the restaurant sector.
- Companies without their head office located in the MRC de Témiscamingue tourism area.
Eligible expenses
- Capital expenses for land, buildings, equipment, and machinery
- Acquisition of technologies, software, or software packages
- Working capital for business operations during the first year of start-up or new service launch
Eligible geographic areas
- Businesses with their head office located in the MRC de Témiscamingue tourist area, Quebec.
Eligibility criteria of the MRC Témiscamingue — Tourism Attraction Fund program
- Profitability: Projected revenues must cover expenses and generate a surplus.
- Management Team: The team's knowledge, experience, training, and networks are evaluated.
- Repayment Capacity: The company must demonstrate the ability to repay the principal on all loans.
- Debt Ratio: Ideally, the company's debt ratio should be below 80%.
- Value of Guarantees and Sureties.
- Job Creation and Retention.
How to apply to the MRC Témiscamingue — Tourism Attraction Fund program
1
Verify eligibility criteria
- Ensure your business is legally incorporated and not currently active in the tourism sector, or newly established
- Business must have its head office in the Témiscamingue region
- Target clientele must be mainly tourists
2
Prepare required documents
- Prepare a complete business plan demonstrating financial viability
- Ensure your project complies with applicable Québec laws and regulations
3
Complete and assemble application
- Fill out the application form (contact Société de développement du Témiscamingue if needed)
- Provide all supporting documents, including your business plan and details on project financing
- Prepare for an opening fee of 1% of the loan amount or a minimum of $100
4
Submit application and await evaluation
- Submit your application and documents to the Société de développement du Témiscamingue
- Wait for evaluation based on criteria such as profitability, management team, repayment ability, debt ratio, value of guarantees, and job creation
Additional information
- An opening fee applies, calculated as 1% of the loan amount, with a minimum of $100.
- Loan guarantees may involve movable or immovable mortgages, which can be second rank if residual value exists on the assets.
Contact MRC Témiscamingue
info@lasdt.com
8196293355