Montréal, March 25, 2013 – In light of the incomplete information disseminated by Minister Maxime Bernier, the Fonds de solidarité FTQ would like to set the record straight.
The mission of the Fonds de solidarité FTQ, as described in its 1983 incorporating act, is to “invest in companies impacting the Québec economy.” Moreover, these investments must take the form of “unsecured venture capital.” Currently, 67% of the Fonds’ assets are invested in unsecured high risk capital, largely exceeding the 60% required by its incorporating act and the 11% reported by MP Bernier.
The Fonds delivers on its mission, investing $6.3 billion in Québec businesses in the last 10 years. Among its 2,239 partner companies, 80% have fewer than 100 employees and 70% are located in the regions of Québec.
At a time when the future of the manufacturing sector is tenuous and its companies must contend with the challenges of globalization, competition, innovation and growth, the Fonds must be able to continue its mission.
Taxpayers must defend their tax credit. We strongly encourage the public to voice their opinion to the federal Minister of Finance by email at jflaherty@fin.gc.ca as well as to their local MPs. You can also spread the word on social media such as Facebook and Twitter with the #plus30pourcent hashtag.
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Information pour les journalistes seulement :
Patrick McQuilken
Conseiller principal aux relations de presse et aux communications
Fonds de solidarité FTQ
Téléphone : 514 850-4835
Cellulaire : 514 703-5587
Courriel : pmcquilken@fondsftq.com
Le Fonds de solidarité FTQ sur le Web:
Site web: www.FondsFTQ.com
Facebook: www.facebook.com/FondsFTQ
Twitter: www.twitter.com/FondsFTQ
YouTube: www.youtube.com/FondsFTQ