Thanks to Montréal’s financial support, nearly 1,900 businesses will be able to take part in crowdfunding campaigns. Coordinated by stakeholders, these initiatives contribute tangibly to the resumption of commercial activities.
This measure was launched as part of the Montréal’s economic recovery plan on June 29, and aims to support the resumption of activities by the city’s businesses. These local crowdfunding initiatives are highly popular among Montrealers, who value their neighborhood’s commercial vitality. For every purchase of a $20 voucher, $10 are injected as part of the campaign, thus amounting to a $30 income per voucher, for the business. Through this process, the local economy will receive a total of $1.5 M.
Crowdfunding campaigns are rolled out by commercial development organizations (SDC), business owners’ organizations and chambers of commerce. So far, 22 organizations have obtained funding from the city for a campaign to support business owners. Desjardins Group, as part of its Pay it Forward program, has also contributed financially to this project, by granting subsidies to community organizations located on participating territories.
Ongoing crowdfunding campaigns
The 22 crowdfunding campaigns, will be held this summer in 13 boroughs. At the time of this publication, certain crowdfunding campaigns are already in progress.
To find out more about ongoing crowdfunding campaigns, and to encourage local businesses go La Ruche, the crowdfunding project platform.
Submit a project
Interested commercial development organizations (SDC), business owners’ associations and chambers of commerce may still submit their crowdfunding project as part of the program.