$8.3M NOW AVAILABLE FOR SMEs IN MAURICIE AND CENTRE-DU-QUÉBEC

Entrepreneurs are invited to apply to their SADC or CAE. 

To check their eligibility for the FARR and find their regional SADC or CAE: sadc-cae.ca

 
MORE THAN JUST FUNDING 

The assistance provided by the SADC and CAE can take the form of working capital of up to $40,000 or as a non-repayable financial contribution for technical assistance needs such as specialized expertise in key areas currently facing our clientele, such as adapting to health measures, developing continuity financial plans to prepare for the future, or adopting technologies for online commerce.
 
The SADC or CAE can also carry out or collaborate on local economic development initiatives such as training for businesses, promoting local purchasing, revitalizing downtown areas, and advertising campaigns.
 

“ These investments are highly anticipated in the community, and the SADC and CAE will ensure that this assistance is delivered quickly in the coming weeks so that we can meet the urgent needs of our clientele. The FARR is a concrete solution, and I sincerely thank the Honorable Mélanie Joly, as well as the Honorable François Philippe Champagne, for their listening and contribution to the implementation of this measure. I also commend the dedication and creativity that the entrepreneurs in our region are demonstrating to face this crisis. The FARR is an additional support to keep businesses operational.”

Stéphane Biron, Chair of the Board of Directors at the SADC of Nicolet-Bécancour

“ To deliver the Regional Assistance and Recovery Fund, Economic Development Canada for the regions of Quebec can count on the collaboration of the SADC and CAE, whose proximity services, expertise, and dynamism will help entrepreneurs meet the challenges related to COVID-19. Together, we will get through this difficult period; let’s roll up our sleeves to revive the economy of our regions!”

The Honorable Mélanie Joly, Member of Parliament for Ahuntsic-Cartierville, Minister of Economic Development and Official Languages, and Minister responsible for DEC

 “In the current context, our responsibility was to act quickly and effectively. With partners as strong as the SADC and CAE, we want to work to bring back economic dynamism to our regions. With such a concrete plan and partners so well established in their communities, I am confident that together we will make a significant difference for our economic health.”

The Honorable François-Philippe Champagne, Member of Parliament for Saint-Maurice‒Champlain and Minister of Foreign Affairs

FACTS AT A GLANCE

• The FARR totals a budget of $211M in Quebec and is implemented in collaboration with DEC, of which $71.3M is dedicated to the 67 SADC and CAE.

• The 67 SADC (Community Development Assistance Societies) and CAE (Business Assistance Centers) have been working for nearly 40 years on the economic development of their community. The Network of SADC and CAE includes 1,400 professionals and volunteers who support and finance more than 10,000 entrepreneurs and local economic development projects each year. The SADC and CAE provide entrepreneurs with personalized and sustained support and flexible financing products tailored to their needs.

• DEC is a key federal partner in regional economic development in Quebec. Through the Community Development Program, DEC financially supports the Network of SADC and CAE, the 57 SADC located in designated rural areas, and the 10 CAE located in peri-urban areas.