Communities of the Chrysotile Industry
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.
For an immediate overview of the eligible clients, the types 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).
- Des Sources RCM
- Des Appalaches RCM
Examples of eligible clients
- Small and medium-sized enterprises
- Business support organizations
- Non-profit organizations
- Des Sources and Des Appalaches municipalities and regional country municipalities (RCMs)
Examples of non-eligible clients
- Retail businesses, e.g. clothing stores, grocery stores and automobile maintenance and sales
- Food services, e.g. restaurants, cafés
- Transportation services
- Housing construction
- Daycare services
- Hair and beauty salons
- Nightclubs, bars, cabarets
If you are among the non-eligible clients, we invite you to consult our network of partners that may be able to help you.
Main analysis criteria
Project analyses are based on specific criteria, including:
- demonstration of the need for funding for the proposed activity (i.e., the proposed 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 funding;
- timeliness of implementation of your project.
Activities that can be supported
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
Types of assistance
- Repayable contribution
- Non-repayable contribution for non-profit projects
Rate of assistance
- Generally up to 50 percent of authorized costs for SMEs
- Generally up to 90 percent of authorized costs for NPOs
All costs directly related to the project, deemed reasonable by CED and essential to its completion. Restrictions may apply in certain cases.
- refinancing of an existing debt;
- depreciation costs;
- costs associated with wear and tear.
Submitting a project
Consult the project submission guide to find out how to submit a project and apply for financial assistance.
To find out whether this type of project is targeted in your region, contact an advisor from the Inter-regional Initiatives Directorate. The advisor will be able to inform and advise you or guide you in delivering your project, while considering the action priorities in your region and the availability of CED funding.
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