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…