The Fonds régionaux de solidarité FTQ (FRS) employ 57 creative and committed people in 16 offices across Québec and strengthen the Québec economy with their value creating investments. The FRS boards of directors are made up of locals who add valuable knowledge of the specific socio-economic conditions of each region.
Efforts that are bearing fruit
During the last financial year ended March 31, 2013, the FRS invested $33.4 million in 77 Québec companies. Of those, 54 were new partners of the FRS: in other words, on average, a new company selected one of the FRS each week to support it in its development! And during the financial year, these investments led to creating, maintaining or protecting 2,547 jobs.
A regional impact that benefits all of Québec
The FRS, which offer financing from $100,000 to $2 million, are an integral part of the Fonds de solidarité FTQ’s network. They help facilitate the regional companies’ access to the Fonds’ services. In addition to encouraging jobs through their investments and supporting the start-up and succession of companies, they seek to maximize their impact in the regions by making available locally the various services offered by the greater Fonds network, such as subscription and economic training.
As such, each dollar that workers invest for their retirement goes a long way; used by Québec companies to innovate and grow, these investments generate positive economic spinoffs in all the regions of Québec.