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 their local solidarity fund through their local Centre local de développement (CLD) and its team of professionals, who are committed to supporting the growth of SMEs on their territory. In Montréal, the Corporations de développement économique communautaire (CDEC) are accredited as a CLD.

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

   85

Number of projects authorized

   3,106

Financing authorized

    $97 million

Total value of projects

   $1.4 billion

Jobs created and maintained

   28,700

Report as at May 30

Message from the General Manager

Press Release

April 23, 2014

The Fonds de solidarité FTQ supports another Quebec flagship enterprise by investing in Coalision and its Lolë brand