Subsidy for buildings occupied by social economy businesses: Component 2 — Renovation or construction of a building
$400,000.00
Subsidy
Description:
Subsidy for buildings occupied by social economy businesses aimed at supporting the growth of Montréal-based social economy businesses.
Comments on Funding:
Financial assistance can cover up to 40 per cent of eligible work, to which an amount equal to 50 per cent of professional fees (architecture, design, engineering, project management, urban planning, archeology or consulting) may be added, up to a maximum of $400,000.
Continuous Intake
Eligibility:
Applicants must be:
1. Social economy businesses in the agglomeration of Montréal that meet the following conditions:
–Must be a non-profit (NPO) or a co-op.
–Must be a social economy business within the meaning of the 2013 Social Economy Act: “Democratically-run organizations that combine economic viability with social objectives, while responding to the needs of a community of members or users.” As such, social economy businesses –Must show that at least 20 per cent of the income generated by their activities is autonomous.
–Must be the owner, future owner or tenant in the building or premises mentioned in the application.
Application Steps:
Applicants must send all documents by e-mail to economie.sociale@montreal.ca
Documentation Needed:
Applicants must submit:
For the first installment:
1. A copy of the bills for professional services rendered at the time of application.
2. Proof of payment of the bills.
3. A copy of all the permits required to perform the work, and proof of payment.
For the second installment:
1. A substantial work completion certificate signed by a person authorized to do so under law, for example an architect or an engineer.
2. A copy of the bills for the work and the professional services not provided in conjunction with the first instalment.
3. Proof of payment of these bills.
4. A copy of all the permits required to complete the work and proof of payment thereof, if these documents have not already been sent.
5. Photos of any part of the building and the premises where the work was performed.
Other Things to Note:
A new eligibility period has been open since January 6, 2025, until all available funds are fully committed.
About the author
Maurice
