“Without the Fonds de solidarité FTQ, Leger – The Research Intelligence Group would not have become the largest Canadian-owned survey and market study company (with over 600 employees and offices in Canada, the United States and Europe). It takes solid financial support to succeed in business, and the Fonds stands apart from other investors through its ability to take more risks and provide patient capital.
For many companies, the Québec market is too small, and expanding into the rest of Canada or the world is the only way to survive. The first acquisition I made, in Toronto in 2000, came with many challenges. First, no bank would have assumed the risk of financing this project to establish a Francophone firm there. I paid too much and made several mistakes. My Toronto partner did not keep his promises, his client list was not strong and his staff was not very motivated. Making the acquisition profitable and turning it into a success ended up taking five years: it took patience. But I quickly learned from my mistakes and then made seven profitable acquisitions.
In Québec, nearly 2,400 companies benefit from the Fonds de solidarité FTQ’s support. Several would not have succeeded in obtaining financing anywhere else. And today there are promising projects across Québec that will not survive without the Fonds’ support. This is why a majority of SME owners support the Fonds de solidarité FTQ in its economic mission and oppose any measure that could have a negative effect on many companies, future jobs and the overall Québec economy.”
- JEAN-MARC LÉGER, President and Founder of Leger – The Research Intelligence Group