Fonds local d'investissement (FLI)

• This program is aimed at starting, repurchased or expanding enterprises, including social economy ones.

• The FLI requires a capital outlay of at least 20% of the total cost of the project.

• The aid granted ($25 000 maximum) can take various forms of loans, participation in capital shares or social capital or in other ways, to the exclusion of grants, leave of capital, limited partnerships, donations and other expenditures of the same nature.

• The admissible expenses are: capital expenditures except for goodwill expenses, the acquisition of technologies, software or software packages, patents, etc, excluding research and development activities and the need for working capital pertaining strictly to the operations of the enterprise calculated for the first year of operation.

• The promoters must demonstrate knowledge and pertinent experience in the field as well as knowledge and aptitudes for management.

• The project must generate economic repercussions in terms of job creation.