Businesses in Quebec can now apply to these three funding programs
Emploi-Quebec: Workforce Training Measure
The workforce training measure for businesses is designed to support the skills development of those at risk of losing their jobs. This program could also help maintain the expertise in place in your company. Up to 50% of training related costs can be covered, to a maximum of $2M.
All employers located in Quebec can participate in this program, with the exception of public bodies and political organizations.
ESSOR Investment Program
ESSOR covers up to 50% of project costs, and offers special financing to key industries. The program objective is to provide the cash flow businesses need to carry out investment projects while maintaining regular operations. This program is administered jointly by Investissement Québec and the Ministère de l’Économie et de l’Innovation.
Fast Growing Companies:
Companies who are looking to the future and seeking financing so they can carry out substantial, long-term development projects with expenditures exceeding $250,000
Funding support designed for forestry companies that want to invest in new
Steel & Aluminum
Limited-time support for the working capital of eligible companies so that they can continue their activities, and survive special tariffs
For manufacturing companies planning innovative investment projects with eligible expenditures of $100,000 or more
Electricity Cost Reduction Program
In the Québec Economic Plan, the provincial government announced the implementation of a program to stimulate capital investment by large industrial companies that are located in Québec. These companies can receive assistance in the form of reduced electricity costs, enabling them to recoup up to 40% of eligible project costs.
This program applies to businesses whose power consumption is 5,000 kilowatts (kW) or more and which is principally for an industrial activity. Key industries of focus include: Mining, Forestry, Oil & Gas, Manufacturing, Pulp & Paper, Iron & Steel, Chemicals and Construction.