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 the local solidarity funds through the dedicated and versatile specialists that support local economic development, either in the Regional County Municipalities (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 $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 President

Press Release

  • August 18, 2015

    Supporting Succession in Abitibi-Témiscamingue: Fonds de solidarité FTQ Acquires a Majority Stake in Technosub

  • Read press release