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 $113 million in funding available for their SMEs:
Making a difference…
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Number of local funds
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87
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Number of projects authorized
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5676
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Financing authorized
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$177 million
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Total value of projects
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$2.6 billion
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Jobs created and maintained
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50,860
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Report as at December 31, 2020