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 covering up to 50% of eligible costs. This is a significant advantage over traditional loans, which often come with high interest rates and rigid repayment terms.

Key Benefits:

• Interest-free financing up to 50% of eligible costs
• Support for green economy transition and digital adoption
• Increased competitiveness through technology and market expansion

Approval can help your business become more resilient and competitive. It supports activities like adopting clean technology, scaling operations, and enhancing digital capabilities. The application process is straightforward, and as a qualifying business, you have a strong chance of approval.

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-Free Repayable Contributions: No interest charged on repayable contributions.
• Non-Repayable Contributions: No repayment required for non-repayable contributions.
• Non-Repayable Contributions for Indigenous Recipients: No repayment required for non-repayable contributions to Indigenous recipients.

Eligible Expenses:

• Eligible costs can include expenses related to transitioning to a green economy, fostering an inclusive recovery, enhancing competitiveness, and creating jobs.

Ineligible Expenses:

• Funds cannot be used for expenses that do not align with the program's objectives or are not deemed eligible by the guidelines provided.

Fees:

• No specific fees mentioned in the provided context for accessing the funding.

This program offers your business a chance to receive funding that can help you grow and create jobs. You could get up to 50% of your project costs covered with an interest-free loan. If you run a not-for-profit, you could receive up to 90% of the costs covered without having to pay it back. Indigenous-led businesses can receive 100% of the costs covered as a non-repayable contribution.

The money can be used for various activities that support your business’s growth and resilience. This includes transitioning to a green economy, adopting clean technologies, and planning for sustainable growth. It also supports businesses led by underrepresented groups and helps increase their participation in the economy.

By taking part in this program, you can future-proof your business, enhance your competitiveness, and contribute to a more inclusive and resilient economy. This is a great opportunity to secure financial support for your projects and drive long-term growth for your business.

1. Gather Required Documentation:

• Business plan
• Financial statements (last two years)
• Proof of business registration
• Project proposal detailing the intended use of funds
• Quotes or estimates for project costs
• Identification documents for business owners

2. Visit the CED Website:

• Go to the Canada Economic Development for Quebec Regions website.
• Navigate to the Funding section.

3. Access the Application Form:

• Locate the application form for the program.
• Download or open the form online.

4. Complete the Application Form:

• Fill out all required fields accurately.
• Ensure all information matches the gathered documentation.

5. Attach Supporting Documents:

• Attach all required documentation to the application form.
• Ensure all documents are clear and legible.

6. Review and Submit:

• Review the completed application form and attached documents for accuracy.
• Submit the application through the specified submission method (online or by mail).

7. Follow Up:

• Monitor your email or contact the CED office for updates on your application status.
• Be prepared to provide additional information if requested.

8. Await Decision:

• Wait for the decision on your application.
• If approved, review the terms and conditions of the funding agreement.

9. Accept Funding:

• Sign and return any required agreements or contracts.
• Begin utilizing the funds as outlined in your project proposal.

10. Report Progress:

• Submit regular progress reports as required by the funding agreement.
• Keep detailed records of how the funds are used.

Following these steps will help ensure a smooth application process and increase the likelihood of securing funding for your business.