For immediate release
REGIONAL RELIEF AND RECOVERY FUND (RRRF)
The SADCs and CAEs of Outaouais have made the difference and are obtaining an additional $ 1,06 million to help small businesses.
Maniwaki, November 5, 2020 – As part of a flash virtual meeting between Parliamentary Secretary William Amos and Stéhane Lauzon, the SADCs and CAEs of Outaouais unveil the results of the first phase of the FARR-PDC.
Set up by the Government of Canada in collaboration with the Réseau des SADC et CAE, the RRRF-CF has helped small businesses in the regions, affected by Covid-19, which were not eligible for other programs of the government. For OUtaouais, from June 1 to August 31, $ 2 807 193 was quickly paid to 105 businesses and 10 group projects.
With the current situation changing rapidly and faced with this efficient delivery of the RRRF by the CFDCs, Parliamentary Secretaries William Amos and Stéphane Lauzon are today announcing additional investments from the Government of Canada of $ 1,06 million to the SADCs and CAEs in this region. More specifically, the SADC Vallée-de-la-Gatineau, Pontiac and Papineau will each be able to count on $ 352,039 from Canada Economic Development for Quebec Regions (CED). The additional financial support granted under the FARR 2.0 will help more specifically the companies most affected by the current crisis.
“Our professionals and volunteer administrators have worked with agility to quickly help entrepreneurs and our communities to cope with the consequences of COVID-19,” said Daniel Chalifour, Vice-Chair of SADC Vallée-de-la Gatineau. I am very pleased with this additional support from the federal government, which will allow us to continue our efforts. This additional support is necessary and I would like to thank Minister Mélanie Joly and Parliamentary Secretaries Amos and Lauzon for listening. I would also like to thank Canada Economic Development for Quebec Regions for the rapid implementation of this effective measure. We are all working together so that entrepreneurs remain confident. ”added Daniel Chalifour.
“The Regional Rlief and Rrecovery Fund has helped us a lot at a time when we needed cash to keep our business running. It gave us a big boost! “says Guillaume Saumur, owner of G&S Finition in Ste-Thérèse-de-la-Gatineau.
The Government of Canada wants to help small businesses across Quebec to equip themselves so they can rebound with vigour after the economic crisis. Thanks to this financial assistance, SADCs and CAEs will be able to maintain their support for entrepreneurs and shopkeepers in their regions. They create and maintain quality jobs, and the Government is committed to accompanying them. We were here during the first wave of the pandemic with concrete measures, and we will be here to help them as the health situation evolves.”
The Honourable Mélanie Joly, Member of Parliament for Ahuntsic-Cartierville, Minister of Economic Development and Official
In a context where the aim is sustainable regional economic recovery, SADCs and CAEs are positioned to be key players in mobilizing the Outaouais business community and enterprises. They have been able to help a large number of SMEs overcome the crisis and operate in a new business environment. I am delighted that their expertise is once again being called on to support entrepreneurs in our communities.”
William Amos, Member of Parliament for Pontiac
“The RRRF, deployed in recent months thanks to the exceptional collaboration of SADCs and CAEs, has enabled many Outaouais businesses to survive the current crisis. But the work is far from over: Crucial needs are still waiting to be fulfilled. I am proud that the Government of Canada is saying it is here to support them again. SADCs and CAEs are well established in our regions and are able to boost our entrepreneurs’ recovery efforts.”
Stéphane Lauzon, Member of Parliament for Argenteuil—La Petite-Nation
Remember that these regional investments follow the announcement made on October 2 by the Honorable Mélanie Joly, of the addition of $ 600 million for all of Canada, including $ 23.3 million for the CFDCs and CAEs of Quebec.
RRRF Results for all of Quebec from June 1 to August 31, 2020
- $ 71.3 million invested, including $ 65 million in loans and $ 6.3 million for technical assistance and local economic development projects;
- 2,106 companies obtained financing from the FARR;
- 1346 technical assistance interventions were carried out, such as support to experts in the integration of technologies, transactional websites, delivery services, etc .;
- More than 180 economic development projects have made it possible to set up local purchasing campaigns, sites to promote products and services offered to consumers in their region or even training or information meetings for entrepreneurs. ;
- 52% of the companies financed were owned by women entrepreneurs;
- 91% of the businesses affected had received no other assistance from the various measures put in place by the federal government;
- The three main sectors of activity of the financed companies are local services tourism and retail businesses.
ABOUT THE SADC AND CAE NETWORK
The 67 CFDCs (Community Development Assistance Corporations) and CAE (Business Assistance Centers) have been working for nearly 40 years in the economic development of their communities. The SADC and CAE Network has more than 1,000 professionals and volunteers who support and finance more than 10,000 entrepreneurs and local economic development projects each year. SADCs and CAEs offer entrepreneurs personalized and sustained support, as well as flexible financing products adapted to their needs.