Information for entrepreneurs affected by COVID-19

Business Economic Recovery Support Program

To stimulate and support digital transition, develop new markets and increase operating efficiency of businesses on its territory, DEV is launching the Business Economic Recovery Support Program (Programme d’appui à la relance économique des entreprises – PARÉE), a regional assistance fund for industrial, as well as commercial and tourism businesses of Vaudreuil-Soulanges.

info

Information

BERSP/PARÉE Industrial component targets companies in the following sectors:

  • Manufacturing
  • Distribution, Wholesale and Storage
  • Related services

Eligible businesses can take advantage of the 4 different components proposed, depending on their needs:

  • Part 1 – Workshops/training – digital shift * free of charge *
  • Part 2 – Consultations/micro-diagnostic * free of charge *
  • Part 3 – Feasibility Study – Transition 4.0/Digital Shift
  • Part 4 – Project execution

Eligibility Criteria

To be eligible, the company must:

  • Be in operation in Quebec for no less than a year
  • Have sales between $ 500,000 and $ 10,000,000
  • Propose a well-defined project (needs, objectives)
  • Possess the financial, human, and material capacity to carry out the project
  • Demonstrate market viability

Conditions

Part 3

  • Loans from $ 3,000 to $ 15,000
  • 3 % financing rate
  • Amortization over 36 months
  • 3-month capital moratorium
  • Non-refundable assistances of $ 1,000 to $ 5,000 (until funds are exhausted)
  • No application fees
Detail of financial aid
Minimum Project Cost $ 5,000 $ 10,000 $ 15,000 $ 20,000 $ 25,000
Loan (FLI Urgence PME) $ 3,000 $ 6,000 $ 9,000 $ 12,000 $ 15,000
Non-refundable assistance $ 1,000 $ 2,000 $ 3,000 $ 4,000 $ 5,000

Part 4

  • Loans from $ 15,000 to $ 90,000
  • 5 % financing rate
  • Amortization over 60 months
  • 3-month capital moratorium
  • Non-refundable assistances of $ 3,000 to $ 15,000 (10% of project cost, until funds are exhausted)
  • Application fee of 1,5 % of project cost
Detail of financial aid
Minimum Project cost $ 25,000 $ 50,000 $ 75,000 $ 100,000 $ 150,000
Loan (FLI) $ 15,000 $ 30,000 $ 45,000 $ 60,000 $ 90,000
Non-refundable assistance $ 3,000 $ 5,000 $ 8,000 $ 10,000 $ 15,000

Filing an application

To file an application, the entrepreneur will have to submit the Application Form below, along with all the required documentation, by email to info@developpementvs.com.

For any additional information, please contact us at 450 424-2262.

BERSP/PARÉE Commercial and Tourism component prioritizes the following sectors:

  • Retail
  • Restaurant and food services
  • Service companies
  • Tourism businesses (digital shift)

Types of eligible projects

  • Achieve digital transition
  • Business development
  • Innovation and continuous improvement

Eligibility Criteria

To be eligible, the company must:

  • Be in operation in Quebec for no less than a year
  • Have sales between $ 250,000 and $ 5,000,000
  • Propose a well-defined project (needs, objectives)
  • Possess the financial, human, and material capacity to carry out the project
  • Demonstrate market viability

Conditions

  • Loans from $ 3,000 to $ 30,000
  • 3 % financing rate
  • Amortization over 36 months
  • 3-month capital moratorium
  • Non-refundable assistances of $ 1,000 to $ 9,000 (20% of project cost, until funds are exhausted)
  • No application fees
Detail of financial aid
Minimum project cost $ 5,000 $ 15,000 $ 30,000 $ 45,000
Loan (FLI Urgence PME) $ 3,000 $ 10,000 $ 20,000 $ 30,000
Non-refundable assistance $ 1,000 $ 3,000 $ 6,000 $ 9,000

Filing an application

To file an application, the entrepreneur will have to submit the Application Form below, along with all the required documentation, by email to info@developpementvs.com.

For any additional information, please contact us at 450 424-2262.

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