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 buildings occupied by social economy businesses
This program offers up to $400,000 in subsidies to acquire a lot or a building or to complete a construction, renovation or expansion project on a building or premises. Financing is aimed at supporting the growth of Montréal-based social economy businesses. Learn more
Contact Affaires Montréal