DEV Vaudreuil-Soulanges
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programs
Local Investment Funds (FLI-FLS)
The Local Investment Funds (FLI-FLS) is a proactive financial tool used to accelerate the implementation of business projects in Vaudreuil-Soulanges. It stimulates local entrepreneurship and supports business projects in order to:
- Create and support viable enterprises
- Enable startups or expansions
- Promote job creation
- Contribute to the economic development of the MRC’s territory.
It achieves these aims primarily by facilitating the injection of capital. Specifically, the FLI-FLS provides loans that make it possible to secure other sources of financing, such as a conventional bank loan, subsidy, investment or other additional capital.
The FLI-FLS targets investments of less than $200,000 that will promote the emergence and development of businesses and the creation or preservation of viable jobs.
Information
This program is for small or mid-sized businesses that have their head office or place of business in Vaudreuil-Soulanges and are active in primary industry, manufacturing, a propulsive service industry or a structuring propulsive industry.
The FLI-FLS does not invest in businesses active solely in subcontracting or privatization.
- Startups and companies wishing to expand, including social enterprises
- Entrepreneurs (individual or groups) wishing to acquire a stake of at least 25% in an existing company with a view to taking over its management
- Promoter’s knowledge and experience in the field, as well as management skills
- Project’s job creation potential
- Capital injections from other sources such as a bank is a core factor (FLI-FLS loan will not exceed such injections)
- The financial aid may be used for the following:
- Capital expenditures such as purchases of buildings, lots, equipment, machinery or rolling stock, incorporation costs and similar expenses, except goodwill
- Purchases of technologies, software or licenses, and similar expenses excluding R&D
- Working capital, strictly for the business’s operating needs
