Fonds Locaux

Applicants must be companies that meet the following conditions: 1. Being a legally established company registered with the Quebec Enterprise Register (REQ);
2. Being a wealth-creating company or a company with a project that has the potential to generate wealth and is receiving personalized support from ID Gatineau.
3. In the case of social economy enterprises (nonprofit organizations (NPOs) created under Part III of the Quebec Companies Act), being able to meet the criteria:
a) Being a social economy enterprise that adheres to the following characteristics: i. Production of socially useful goods and services; ii. Democratic management process; iii. Primacy of people over capital;
iv. Collective responsibility; v. Impact on local and community development, including the creation of sustainable jobs, the development of new services, and the improvement of quality of life;
vi. Management based on an entrepreneurial philosophy. b) Operating within a market economy context; c) Having completed the establishment and startup phase; d) Being in an expansion phase; e) Employing a majority of permanent positions (not subsidized by one-time programs); in addition to being quality jobs, these positions should not be a displacement of jobs from the public and para-public sectors; f) Holding net assets corresponding to at least 15% of total assets; g) Self-financing at 60% (self-generated revenues represent 60% of total revenues and may include contractual and governmental agreements).