Targeted support for Quebec’s economically vulnerable RCMs

The MRC du Golfe-du-Saint-Laurent is one of the areas targeted by the new Canada Economic Development (CED) measure for the regions of Quebec.

Types of projects targeted : Projects must generate concrete economic spin-offs that will have a positive effect on the revitalization of these RCMs.

Examples of eligibles projects :

Launch and growth of businesses working mainly at the local or regional level.
Development and improvement of assets (tourism offering and other fixed assets related to local economic development) and planning of economic diversification initiatives.
Establishment of collective equipment in the heart of industrial zones that may contribute to economic development or community dynamism and become factors that attract.
Support to structure a local ecosystem that meets the needs of these businesses, stimulates collaboration among economic players, and fosters an entrepreneurial environment conducive to innovation and growth.

For SMEs :

Financial assistance of up to 75% of authorized costs.
This amount is generally repayable, without interest and without guarantee. Repayments begin two years after a project ends.
On an exceptional basis, non-repayable assistance below $100K may be considered, if certain conditions are met.

For NPOs :

Non-repayable financial assistance of up to 90% of authorized costs.

More details : https://shorturl.at/ipbH6