The Fonds communautaire d'accès au micro-crédit, a community credit organization, can continue working with the Basses-Laurentides anglophone community

Government of Canada awards over $230,000 in financial assistance to the FCAMC

SAINTE-THÉRÈSE, QC, Aug. 11, 2017 /CNW Telbec/ - Canada Economic Development for Quebec Regions (CED)

No matter how big their projects are, entrepreneurs help communities strategically diversify their economies and develop sustainable regional competitive advantages. They are also an undeniable source of employment in communities across Quebec. Support for the transition and diversification of communities is a Government of Canada priority.

Acting on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for CED, Ramez Ayoub, Member of Parliament for Thérèse–De Blainville, announced that the Fonds communautaire d'accès au micro-crédit (FCAMC) has been granted $235,913 in financial assistance in the form of a non-repayable contribution. This will help the FCAMC continue to offer services and activities to anglophone entrepreneurs in the Thérèse–De Blainville, Deux-Montagnes and Mirabel RCMs.

Created in 1999, the FCAMC is a non-profit organization that develops the entrepreneurial potential of people with low incomes who are excluded from conventional financing sources by providing them with access to financing in the form of micro-credit. The funding has been granted through CED's Quebec Economic Development Program (QEDP) under the Official Languages Economic Development Initiative (EDI) and will help maintain the guidance, coaching and training activities offered by the FCAMC. Anglophone entrepreneurs will thus be better equipped to actively participate in the economic growth of their communities.

Quotes
"The Government of Canada wants to promote an inclusive entrepreneurial and creative society. I am very pleased about the funding granted to the Fonds communautaire d'accès au micro-crédit for the anglophone entrepreneurial community in our region. This investment is in keeping with our commitment to supporting entrepreneurs in the Anglophone community across Canada."

Ramez Ayoub, Member of Parliament for Thérèse–De Blainville

"We made a commitment to invest in growing our economy, strengthening the middle class and helping those working hard to join it. By investing in organizations like the Fonds communautaire d'accès au micro-crédit, we are supporting entrepreneurs and small business owners who are vital to the economic growth of Canada's communities."

The Honourable Navdeep Bains, Minister responsible for CED

"The mission of the Fonds communautaire d'accès au micro-crédit is to give all entrepreneurs a chance to make their business ventures happen. The financial assistance announced today will help us reach out to a more diversified clientele and accelerate the development of their entrepreneurial endeavours."

Mona Beaulieu, Director General, FCAMC

Quick facts

• CED is responsible for implementing the Official Languages Economic Development Initiative in Quebec.
• The EDI is a component of the Roadmap for Canada's Official Languages 2013–2018 and aims to foster the economic development of official language minority communities (OLMCs) through a range of activities including innovation, entrepreneurship, partnerships and economic diversification.
• CED is one of six regional development agencies under the responsibility of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development.
• For more information on CED's key directions until 2021, consult Strategic plan 2021 or visit www.dec-ced.gc.ca.

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SOURCE Canada Economic Development for Quebec Regions

Media Relations, Canada Economic Development for Quebec Regions, Tel.: [phone], Email: [email protected]