---
title: The ESSOR SPRINT Program Provides Funding Support for Transformative Investment Projects In Quebec
description: The ESSOR Sprint program provides funding support for transformative investment projects in Quebec
image: https://grantmatch.com/hubfs/AdobeStock_300179320-1.jpeg
---

In Canada

# The ESSOR SPRINT Program Provides Funding Support for Transformative Investment Projects In Quebec

The ESSOR Sprint program provides funding support for transformative investment projects in Quebec

[ Gibson Ingram ](https://grantmatch.com/hot-new-programs/author/gibson)

 Apr 20, 2021

[Funding Program News](https://grantmatch.com/hot-new-programs/tag/funding-program-news) [In Canada](https://grantmatch.com/hot-new-programs/tag/in-canada) [Job Creation](https://grantmatch.com/hot-new-programs/tag/job-creation) [Quebec](https://grantmatch.com/hot-new-programs/tag/quebec)

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![Large Employers in Quebec](https://grantmatch.com/hubfs/AdobeStock_300179320-1.jpeg)

# Large Employers in Quebec Can Now Apply for Funding to Support up to 45% of Labour Costs

#### This program aims to accelerate investments within Quebec in order to create and consolidate well-paid jobs. Timeline

- Deadline to submit a complete application: **March 31, 2022.**
- Start of project implementation: before **March 31, 2023**.

#### Eligibility 

- New investment or payroll growth projects.
- Applicants must be planning a minimum of a **$10 million** investment or the creation of 100 jobs.
- The manufacturing and service sectors are strong candidates for funding.
- The average salary of jobs created or consolidated must be higher than the industry average.
- Companies, as well as cooperatives and NPOs with commercial activities, are eligible.

#### Project Funding Details:

- Key program metrics include the value of capital assets or payroll increases over a three-year period.
- Assistance is available based on total number of jobs created and/or consolidated, along with tax revenues generated by the project.
- Interest-free loans of up to **25%** of eligible expenses are available.
- Loan forgiveness based on the number of jobs created and/or consolidated at a rate of **$25,000** per job for a salary of $55,000, and up to** $50,000** for a salary of $150,000 or more.
- Assistance is adjusted for payroll tax credits.
- Loan forgiveness is available starting in the 5th year. The term of the loan (unforgiven portion) is 8 years.

#### Job Consolidation 

- Companies must invest a minimum of **$300,000** per job to be considered consolidated by the project.

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