Backgrounder: Government of Canada support for Quebec businesses

Backgrounder

Montréal, Quebec, March 18, 2021 – Canada Economic Development for Quebec Regions (CED)

The following information is in addition to the news release issued on March 18, 2021, on CED’s financial assistance, the recipient organizations and their respective projects.

Details

Recipient Activities funded by CED Non-repayable contribution

Capital Réseau des SADC et CAE

The project, a redistribution agreement, aims to provide Sociétés d'aide au développement des collectivités (SADCs) and Centres d'aide aux entreprises (CAEs) with access to a capital fund offering additional financial support for businesses in Quebec’s rural communities facing the impacts of the COVID-19 pandemic, through loans enabling them to finance their cashflow needs.

$19,400,000

Réseau des SADC et CAE

The project, a redistribution agreement, aims to offer additional technical support services up to June 30, 2021, to businesses in small rural communities facing the impacts of the COVID-19 pandemic.

$9,000,000

PME MTL (through its six service points)

The project, a redistribution agreement, aims to offer additional financial support up to June 30, 2021, to businesses on Montréal Island through loans enabling them to finance their cashflow needs.

$12,079,000

Chambre de commerce du Montréal métropolitain

The project aims to offer technical support services up to June 30, 2021, to businesses on Montréal Island facing the impacts of the COVID-19 pandemic.

$1,135,100

Québec International

The project aims to offer additional technical support services up to June 30, 2021, to Québec businesses facing the impacts of the COVID-19 pandemic.

$700,000

Promotion Saguenay

The project aims to offer additional technical support services up to June 30, 2021, to Saguenay businesses facing the impacts of the COVID-19 pandemic.

$93,500

Investissement et Développement Gatineau

The project aims to offer additional technical support services up to June 30, 2021, to Gatineau businesses facing the impacts of the COVID-19 pandemic.

$210,000

Développement PME Chaudière-Appalaches

The project aims to offer additional technical support services up to June 30, 2021, to Lévis businesses facing the impacts of the COVID-19 pandemic.

$115,000

Pro-Gestion Estrie

The project aims to offer additional technical support services up to June 30, 2021, to Sherbrooke businesses facing the impacts of the COVID-19 pandemic.

$188,750

Développement économique de l’agglomération de Longueuil

The project aims to offer additional technical support services up to June 30, 2021, to Longueuil businesses facing the impacts of the COVID-19 pandemic.

$500,000

Chambre de commerce et d’industrie de Laval

The project aims to offer additional technical support services up to June 30, 2021, to Laval businesses facing the impacts of the COVID-19 pandemic.

$344,165

Contacts

Media Relations, CED
dec.media.ced@canada.ca

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