This program is designed specifically for businesses like yours to help create jobs and support long-term growth. By applying, you can access interest-free repayable contributions for up to 50% of eligible costs, making it easier to invest in your business without the burden of high-interest loans. If you are an Indigenous-led business, you could receive non-repayable contributions for up to 100% of eligible costs.

Key Benefits:

• Interest-free financing: Reduces financial strain and allows for flexible repayment.
• Support for green transition: Funding for adopting clean technology and sustainable practices.
• Inclusive recovery: Opportunities for businesses led by underrepresented groups.
• Digital adoption: Invest in technologies to increase productivity and resilience.

Qualifying for this program is straightforward, as it is tailored to support businesses like yours. Approval will provide you with the resources needed to future-proof your business, enhance competitiveness, and contribute to a more inclusive and sustainable economy.

Type of Financing:

• Repayable Contributions: Eligible businesses can receive interest-free repayable contributions for up to 50% of eligible costs.
• Non-Repayable Contributions: Eligible not-for-profit organizations can receive non-repayable contributions for up to 90% of eligible costs.
• Non-Repayable Contributions for Indigenous Recipients: Indigenous recipients can receive non-repayable contributions for up to 100% of eligible costs.

Repayment Terms and Interest Rates:

• Interest Rate: Interest-free for eligible businesses.
• Repayment Term: Repayable contributions for businesses are interest-free and need to be repaid within the specified terms outlined in the agreement.

Eligible Expenses:

• Cost Coverage: The funding can cover up to 50% to 100% of eligible costs for businesses, not-for-profit organizations, and Indigenous recipients.

Ineligible Expenses:

• Restrictions: The funds cannot be used for expenses that do not align with the program's objectives and guidelines.

Fees:

• No Fees: There are no specific fees mentioned in the program details, ensuring a straightforward application process without additional financial burdens.

This program offers your business a chance to receive funding to help create jobs and support long-term growth. You can get up to 50% of your project costs covered with interest-free repayable contributions. If you are a not-for-profit organization, you could receive up to 90% of your project costs covered as non-repayable contributions. Indigenous-led businesses can get up to 100% of their project costs covered.

The funding can be used for various activities, such as transitioning to a green economy, fostering an inclusive recovery, and enhancing competitiveness. This includes adopting clean technology, supporting businesses owned by underrepresented groups, and investing in digital solutions to boost productivity.

This is a great opportunity for your business to build resilience and prepare for future growth. The program aims to help you adapt to new market conditions, diversify your supply chain, and scale up operations. By participating, you can strengthen your business and contribute to the economic recovery of your community.

1. Visit the CED Website: Go to the Canada Economic Development for Quebec Regions (CED) website to access the application portal.

2. Create an Account: Register for an account on the CED website if you do not already have one. This will allow you to save your progress and return to your application later.

3. Prepare Documentation: Gather the necessary documents to support your application. These include:

• Business plan
• Financial statements (past 2-3 years)
• Proof of business registration
• Project proposal outlining how the funds will be used
• Environmental impact assessment (if applicable)
• Any additional documents specific to your project or business type

4. Complete the Application Form: Fill out the application form on the CED website. Provide detailed information about your business, the project, and how the funding will help create jobs and support long-term growth.

5. Submit Supporting Documents: Upload the prepared documentation to the application portal. Ensure all documents are clear and complete to avoid delays in processing.

6. Review and Submit Application: Carefully review your application for accuracy and completeness. Once satisfied, submit the application through the CED portal.

7. Monitor Application Status: After submission, monitor the status of your application through your CED account. Be prepared to provide additional information if requested.

8. Await Decision: The CED will review your application and notify you of their decision. If approved, you will receive instructions on the next steps for receiving the funding.

9. Sign Agreement: If your application is approved, you will need to sign a funding agreement outlining the terms and conditions of the contribution.

10. Implement Project: Once the agreement is signed, you can begin implementing your project as outlined in your proposal. Ensure you keep detailed records of how the funds are used.

11. Report Progress: Periodically report on the progress of your project to the CED, as required by the funding agreement. This may include financial reports and updates on job creation and other project outcomes.

12. Complete Project: Upon project completion, submit a final report to the CED detailing the outcomes and how the funds were utilized.