REGI — Jobs and Growth Fund — CED (QC) — For profit
Highlights
This program is designed specifically for businesses like yours to thrive and grow. By applying, you can access interest-free repayable contributions for up to 50% of eligible costs, making it an affordable way to invest in your business's future. This funding can help you transition to a green economy, adopt new technologies, and enhance your competitiveness.
What You Get:
- Interest-free financing for up to 50% of eligible costs
- Support for activities that promote clean technology and sustainable growth
- Assistance in adopting digital solutions to increase productivity and resilience
Being approved for this program means you can future-proof your business, build resilience, and prepare for long-term growth. The application process is straightforward, ensuring that you can quickly access the funds you need to make impactful changes. This is a unique opportunity to secure government-backed financing tailored to support your business's specific needs.
Financing Details
Type of Financing:
- Interest-free repayable contributions for up to 50% of eligible costs.
Repayment Terms:
- Eligible businesses could receive interest-free repayable contributions for up to 50% of eligible costs.
- Eligible not-for-profit organizations could receive non-repayable contributions for up to 90% of eligible costs.
- Eligible Indigenous recipients can receive non-repayable contributions for up to 100% of eligible costs.
Eligible Expenses:
- Includes costs related to transitioning to a green economy, fostering an inclusive recovery, enhancing competitiveness, and creating jobs for Canadians.
Ineligible Expenses:
- Funds cannot be used for expenses that do not align with the program's goals of job creation and long-term economic growth.
Fees:
- No specific fees mentioned in the provided context.
Qualifications
- Must be a business, including co-operatives, or a not-for-profit organization.
- Indigenous-led organizations and/or businesses are strongly encouraged to apply.
- Business must be operating in Quebec.
Must be working on projects that support the transition to a green economy, foster an inclusive recovery, enhance competitiveness, or create jobs.
- Disqualifications:
- None explicitly mentioned.
Description
This program offers your business a chance to receive interest-free, repayable contributions for up to 50% of your project’s costs. This funding can help you transition to a green economy, foster an inclusive recovery, enhance competitiveness, and create jobs.
You can use the money for various activities. These include adopting clean technology, planning sustainable economic growth, and developing green regional clusters. It also supports businesses owned by underrepresented groups, helping them participate more in the economy. Additionally, you can invest in digital solutions to boost productivity and resilience.
Eligible businesses can receive up to 50% of their project costs as interest-free loans, while not-for-profit organizations can get up to 90% as non-repayable contributions. Indigenous-led businesses can receive up to 100% of their costs covered. This funding is a great opportunity to future-proof your business and contribute to long-term economic growth.
Program Steps
1. Prepare Business Documentation: Gather the necessary documents to support your application. These include:
- Business plan
- Financial statements
- Proof of business registration
- Project proposal detailing how the funds will be used
- Any additional documents that demonstrate your business's eligibility and need for the funding
2. Visit the CED Website: Go to the Canada Economic Development for Quebec Regions website to access the application portal.
3. Complete the Online Application Form: Fill out the application form with accurate and detailed information about your business and the project you are seeking funding for.
4. Upload Required Documents: Attach all the prepared documentation to your online application. Ensure each document is clearly labeled and easy to read.
5. Review and Submit: Double-check all the information and documents in your application to ensure accuracy. Submit the completed application through the online portal.
6. Follow Up: After submission, monitor your email and the CED website for any updates or requests for additional information. Respond promptly to any inquiries to keep your application moving forward.
7. Await Decision: Wait for the review process to be completed. If approved, you will receive further instructions on how to proceed with the funding and project implementation.