Official Languages Economic Development Initiative
no fixed amount
Grant, Loan
Description:
The aim of this funding is to foster the economic development of official language minority communities (OLMCs). The funding may serve to kickstart innovative or entrepreneurial projects, solidify partnerships or diversify economic activities in these communities.
Comments on Funding:
Financial assistance
For SMEs
Financial assistance generally amounting to up to 50% of authorized costs.
The funding is repayable, without interest. Repayment begins two years after the end of the project.
Continuous Intake
Eligibility:
Applicants must be:
1. SME in an RCM outside the Greater Montréal region where English-speakers make up more than 5% of the total population
2. NPO in an RCM whose population includes more than 500 English-speakers
Application Steps:
Applicants must:
1. Look through the information about programs, your regional intervention strategy and the eligibility criteria
2. Contact an advisor from the business office for your region
3. Prepare your financial assistance application for the project
4. Submit your financial assistance application
Documentation Needed:
Applicants must submit:
1. Summary of your project by using, where applicable, existing documents such as:
a. business plan
b. financial statements
c. pamphlets
d. internal financial projections, etc.
In particular, succinctly point out the important items from among the following:
a. description of the business
b. project description and objectives
c. list of planned activities and expenditures
d. the project’s financing package
e. recent financial statements and percentage of international sales (outside of Canada)
f. the project’s anticipated start and end dates
g. anticipated benefits of the project
Other Things to Note:
About the author
Maurice
