Investissement Québec has added a program for SMEs to its portfolio. Aware of the impact of the pandemic on local businesses, we are adding a new SME Productivity Support component to the SME in Action program.
WHO IS THIS PROGRAM FOR?
In fact, this program is aimed at for-profit companies with an establishment in Quebec. Cooperatives and social economy enterprises are also eligible. These are organizations with commercial activities in the following sectors:
- manufacturer;
- tertiary sector, which includes high value-added companies that make a significant contribution to the production of goods or use new technologies. The companies concerned are generally active in the following sectors:
- information and communications technologies;
- environmental services;
- creative and industrial design services;
- industrial and scientific service laboratories;
- private research services;
- value-added distribution centers.
Other business sectors and companies majority-owned by a state-owned corporation are excluded.
Priority is given to companies qualified under the PerforME strategy.
ELIGIBLE PROJECTS
This section will cover a large number of projects. Here is a list of the types of projects that would be eligible:
- The realization of projects linked to the implementation of specific actions within the framework of an intervention plan agreed between the company and the Ministry.
- The aim of these projects is to implement targeted business practices leading to significant productivity gains for the company. Eligible projects include
- supply chain optimization;
- implementation of an enterprise resource planning () or customer relationship management ( ) system;
- compliance with standards, with the aim of achieving world-class production standards;
- implementation of a costing system.
- The following projects are not eligible:
- human resources activities;
- market development activities.
- The project’s completion period may not exceed a maximum continuous period of twelve months.
To find out about eligible expenses, read the full article.
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