Financial Support
SOLIDE
The Brome-Missisquoi MRC’s SOLIDE is equipped with a development capital investment fund made possible by contributions from local partners, including the MRC and the Bedford, Brome-Missisquoi and Farnham Caisses Desjardins, as well as with the collaboration of SOLIDEQ. The Brome-Missisquoi CLD manages this fund on behalf of its partners.
Funding provided by SOLIDE is aimed at job creation within promising companies. The manufacturing sector is the targeted client. Small incorporated businesses and those in their start-up phase are eligible.
Businesses that apply for SOLIDE funding must have operations in the Brome-Missisquoi MRC’s territory.
Eligibility criteria
The following criteria are provided for information purposes. To qualify for SOLIDE funding, a company must meet the following criteria:
Projects are viable and profitable, and they contribute to creating and maintaining permanent jobs. These jobs must truly be new, not simply transferred from another location.
The entrepreneurs display openness and honesty toward their workers and maintain healthy labour relations.
Among the other factors that may influence the decision of whether or not to invest are the entrepreneur’s expertise, the size of his or her down payment, as well as the projet's local and regional economic impact.
Type of funding
The SOLIDE’s financial aid is offered in the form of a loan to companies, ranging from $5,000 to $50,000 per company.
SOLIDE invests in companies through participatory loans that include a royalty option. SOLIDE cannot provide subsidies.
Contact us for help submitting a funding application or for further information.
