The COVID-19 pandemic has created unprecedented challenges for social economy businesses in Montréal. Given the importance of these community organizations, the city wants to provide them with financial assistance, free advisory services and training.
These services, which are provided by the city and its partner organizations, are specifically for social economy businesses.
Broader criteria for the Fonds de développement de l’économie sociale
The PME MTL Fonds de développement de l’économie sociale (FDES) offers subsidies up to $50,000 for startup, growth or consolidation projects. To help businesses in consolidation as they deal with the COVID-19 crisis, the required down payment has been reduced from 20% to 10%. Assistance is provided by PME MTL, the city’s business support network. For more information, contact your PME MTL (in French) service hub.
Subsidy for construction projects in buildings that house social economy businesses
This program is for social economy businesses, both tenants and owners, that want to carry out construction, renovation or expansion work on the buildings or premises they occupy. The subsidy covers 40 per cent of the cost of work up to a maximum of $250,000 and 50 per cent of professional fees up to 7.5 per cent of the cost of eligible work, or $50,000. Learn more
Contact Affaires Montréal