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 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 $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
73
Number of projects authorized
4046
Financing authorized
$122 million
Total value of projects
$1.8 billion
Jobs created and maintained
33,395

Report as at December 31, 2016

Message from the President

Press Release

  • August 9, 2018

    Metal 7 Inc. from Sept-Îles, has acquired LES ÉQUIPEMENTS MÉGATRACTION Inc., a manufacturer specialized in mining equipment, located in Quebec.

  • Read press release