2020- 2021 results : nearly $1.6 M granted to local businesses

RAEN

2020- 2021 results :
nearly $1.6 M granted to local businesses

 

The Société d’aide au développement de la collectivité (SADC) de Papineau-Collines has published today its 2020-2021 Annual Report highlighting the economic benefits generated by its interventions on the territory.

As soon as the pandemic began, targeted measures and programs were quickly put in place to support the greatest number of businesses in difficulty. In total, thanks to the federal government programs the SADC has granted close to $1,6 million business assistance funds, both from the Regional Relief and Recovery Fund (RRRF) ($ 932 452) and from regular funds ($ 665 413). In addition, 1,558 free support interventions were carried out by our team with local entrepreneurs.

« As of March 2020, our team of advisors has worked tirelessly with entrepreneurs to support them and find the best financing solutions adapted to their situation. It has been a very difficult year for many of them, but they have shown adaptability and agility. This was more than ever an opportunity to confirm the relevance of our work. Beyond funding, our organization plays an essential role in advancing business projects thanks to our in-depth understanding of local issues as well as our field expertise. Our complete service offering puts us in a good position to contribute to a sustainable economic recovery in which our regional businesses will play a key role», said Mélissa Bergeron, general manager.

2020-2021 Highlights:

    • $ 1 195 050 economic benefits for the territory
    • $ 932 452 granted to businesses thanks to the RRRF
    • 55 business projects benefiting from the RRRF
    • $ 665 413 authorized to businesses thanks to regular investment funds
    • 70 created or maintained jobs
    • 97 % of companies funded over the past 5 years are still in business
    • $ 35. 9 M invested in our local businesses since 1985

About SADC de Papineau-Collines-Collines
For more than 30 years, La Société d’aide au développement de la collectivité (SADC) de Papineau-Collines, a NPO, has been providing financial and technical services that stimulate job creation and economic development in municipalities located in its territory. Being a reference in rural entrepreneurship, it supports the creation of local initiatives and supports local organizations in the implementation of structuring projects. The SADC is a member of CAE and the Réseau SADC regrouping 57 SADCs and 10 CAEs working together to make the regions of Quebec more dynamic.

See the 2020-2021 annual report