Fonds locaux (local funds)

Back in 1991, the Fonds de solidarité FTQ and the Fédération québécoise des municipalités conceived the idea of a network of local solidarity funds. Thanks to the involvement of municipal officials and local partners, this network, known originally as SOLIDE, supports the local economy by furthering the development of SMEs and creating and maintaining lasting, quality jobs.

Businesses can obtain financing from the local solidarity funds through the dedicated and versatile specialists that support local economic development, either in the Regional County Municipality (RCM) — or their equivalent — or in any organization designated by them.

Thanks to the local solidarity funds, the regions have a tremendous development tool at their disposable, with over $100 million in funding available for their SMEs:

 

  • $24 million invested by local partners;
  • $76 million from the Fonds de solidarité FTQ to support local economies.

 

Making a difference…

Number of local funds

 

   73

 

Number of projects authorized

 

   3,752

 

Financing authorized

 

    $114 million

 

Total value of projects

 

   $1.7 billion

 

Jobs created and maintained

 

   33,346

 

Report as at December 31, 2015

Message from the President

Press Release

  • November 30, 2016

    Growth-driven Worximity Technology inks a new financing agreement with its current investors, BDC Capital, the Fonds de solidarité FTQ and W3 Investments

  • Read press release