New $900,000 Fund to Boost Local Businesses in MRC of Thérèse-De Blainville

New $900,000 Fund to Boost Local Businesses in MRC of Thérèse-De Blainville

Partnership for Economic Growth

In a significant move to bolster local entrepreneurship, the MRC of Thérèse-De Blainville, in collaboration with the Quebec government, the Fédération québécoise des municipalities (FQM), and the Fonds local de solidarité FTQ, has unveiled a new $900,000 fund. This fund aims to support the business community within the MRC of Thérèse-De Blainville territory.


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Launch Event and Key Players

The announcement was made at a prestigious event attended by notable figures such as Eric Girard, Minister of Finance and MP for Groulx; Eric Westram, prefect of the MRC; André Genest from the FQM; and Éric Desaulniers of the Fonds local de solidarité FTQ.

Fund Objectives and Contributions

The primary goal of this newly established local solidarity fund (FLS) is to expedite start-up, expansion, and acquisition projects for businesses in the MRC area. The FLS was materialized through significant contributions: $750,000 from the Local Solidarity Funds FTQ, $100,000 from the FQM, and $50,000 from the MRC of Thérèse-De Blainville.

Government Support and Regional Development

Christopher Skeete, Minister Delegate for the Economy, emphasized the government’s commitment to supporting regional economies and SMEs through such initiatives. This fund represents a strategic move to provide tailored development tools responsive to local business needs.

Positive Impact on Local Entrepreneurship

Minister Eric Girard highlighted the fund’s role in encouraging innovative business start-ups and contributing to the region’s economic dynamism. Similarly, the FQM’s spokesperson, André Genest, acknowledged the FQM’s longstanding collaboration with the Fonds de solidarité FTQ, praising their joint efforts in job creation and regional vitality.

Enhanced Financial Opportunities

This financial arrangement complements the existing Local Investment Fund, allowing for loans of up to $250,000 per project. Prefect Eric Westram remarked on the significant potential of this partnership to support more businesses, thereby fostering economic growth and job creation in Thérèse-De Blainville.

Network Expansion and Community Impact

Éric Desaulniers of Fonds local de solidarité FTQ noted the historical partnership with FQM since 1991, leading to the FLS network’s success in supporting local Quebec businesses. With the inclusion of the MRC of Thérèse-De Blainville, the network now spans 97 FLS across Quebec.

Funding and Investment Details

The FLS will enhance the financing of local business projects, allowing entrepreneurs to access diverse funding sources. The maximum investment a company can receive from the FLS is capped at $100,000.