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

   84

Number of projects authorized

   3,369

Financing authorized

    $104 million

Total value of projects

   $1.5 billion

Jobs created and maintained

   31,357

Report as at June 30. 2014

Message from the General Manager

Press Release

  • December 19, 2014

    The Fonds de solidarité FTQ Invests $4 Million in Zymeworks Inc. in Support of Québec’s Health Sciences Sector

  • Read press release