Canadian Initiative for the Economic Diversification of Communities Reliant on Chrysotile

The Canadian Initiative for the Economic Diversification of Communities Reliant on Chrysotile, in force from June 11, 2013 to March 31, 2020, helps communities and businesses in the Des Sources and Des Appalaches RCMs make the transition to new economic activities.

To find out if your project is eligible for this initiative, contact the staff of the Business Development and Infrastructure Directorate. They will be able to inform you, advise you or guide you in carrying out your project on the basis of the initiative parameters and availability of Agency funding.

For an immediate overview of the main eligibility criteria, the type of activities that can be supported or the available funding, please consult the following information or download the initiative leaflet (PDFCanadian Initiative for the Economic Diversification of Communities Reliant on Chrysotile, 193 KB).

Eligibility

Designated communities

  • Des Sources RCM
  • Des Appalaches RCM

Eligible clients

  • Small and medium-sized enterprises
  • Business support organizations
  • Non-profit organizations
  • Des Sources and Des Appalaches  municipalities and regional country municipalities (RCMs)

Non-eligible clients

  • Retail businesses
 

Main analysis criteria

Projects are reviewed based on specific criteria, i.e.:

  • the proposed activity must justify the need for funding support (i.e., the activity could not be carried out without a financial contribution from the Initiative);
  • anticipated results of your project;
  • viability of your business or organization;
  • your technical and financial management capacity;
  • partner contributions in financial resources or professional services;
  • level of risk;
  • availability of Agency funding;
  • timeliness of implementation of your project.

Activities

Examples of eligible activities

  • Preparation of revitalization plans and development of strategies to attract investment
  • Establishment or creation of new businesses
  • Purchase of equipment or adoption of new technologies
  • Business extension or expansion
  • Development of new products and services
  • Management capacity building
  • Fit-up, upgrading, expansion or construction of facilities
 

Financial Assistance

Types of assistance

  • Repayable contribution
  • Non-repayable contribution

Rate of assistance

  • Generally up to 50% of authorized costs for SMEs
  • Generally up to 90% for NPOs

Authorized costs

All costs directly related to the project, deemed reasonable and essential to its completion. Restrictions may apply in certain cases.

Non-eligible costs

All costs that are non-essential and not directly related to the project.

The following costs in particular are non-eligible:

  • refinancing of an existing debt;
  • depreciation costs;
  • goodwill costs.
 

Submitting a project

Do you wish to submit a project? For information on project submission and funding application procedures, consult the project submission guide and contact the staff of the Business Development and Infrastructure Directorate.