Subsidy for buildings occupied by social economy businesses

With a budget of $10 million, this program is part of Montréal: Geared Up for Tomorrow, the city’s 2018-2022 Economic Development Strategy. Financing is aimed at supporting the growth of Montréal-based social economy businesses.

Eligibility criteria

This subsidy program is available to social economy businesses in the agglomeration of Montréal that meet the following conditions:

• Must be a non-profit (NPO) or a co-op.
• Must be a social economy business within the meaning of the 2013 Social Economy Act: “Democratically-run organizations that combine economic viability with social objectives, while responding to the needs of a community of members or users.”
• Must be the owner, future owner or tenant in the building or premises mentioned in the application.

Financial assistance can cover as much as 40 per cent of the acquisition cost, up to $400,000.

Businesses whose applications are accepted must acquire the building or lot by no later than October 31, 2024, or no more than six months after their eligibility for the program is confirmed.

Financial assistance can cover up to 40 per cent of eligible work, to which an amount equal to 50 per cent of professional fees (architecture, design, engineering, project management, urban planning, archeology or consulting) may be added, up to a maximum of $400,000.

Businesses whose applications are accepted must complete most of their work by no later than June 30, 2024.

To submit an application as an owner:

To submit an application as a tenant:

Component 1: Acquisition of a building or a lot

Get your subsidy instalment as follows.

Component 2: Renovation or construction of a building

Get your subsidy instalment as follows.

Eligibility for the two components

If your eligibility is confirmed for components 1 and 2, you can get your subsidy instalments as follows.