Our mission
Contribute to the emergence and growth of businesses in the MRC Memphrémagog by assisting them in their projects through financing and consulting services with a view to sustainable development.
Our values
Integrity
Respect
Partnership
Creativity
Member of the Réseau SADC + CAE
The CAE Memphrémagog is part of the Réseau CFDC + CAE, a network that shares expertise and develops innovative tools to foster economic development.
The Réseau regroups 57 Community Futures Development Corporations (CFDCs) and 10 Community Business Development Centers (CAEs). Their 400 professionals and more than 1,000 passionate volunteers support innovative projects and businesses for prosperous communities. They have $265 million in assets for investment. They help and finance over 10,000 businesses and over 1,000 local projects every year.
Key points in our history
It was on July 20, 1984, that the CAE Memphremagog started its activities. Initially, it was called the Société CLÉ Memphrémagog (CLÉ for Création locale d’emploi - local job creation). At that time, the CAE came under the Employment and Immigration Canada jurisdiction.
Employment and Immigration Canada announced its intention to financially disengage from the CAE Memphrémagog, with regards to both the financing and administration components.
The CAE Memphrémagog became manager of the Support for Self-Employment Program, which allows EI beneficiaries to develop a business project without being penalized.
In five years, 99 enterprises thus obtained support, from business plan development to start-up.
Following a decision by its board of directors, the organization became an independent CAE. Its mission of job creation and economic development of the region remains the same, but it has now become self-financing.
CAE Memphremagog became a privileged partner of Canada Economic Development (CED) by offering additional services to businesses in return for contribution in order to support the broaden component of its mission.
25 years and $ 4M
The CAE Memphrémagog celebrates its 35th anniversary. Since its inception, it has granted more than $25.5 million in financing to more than 530 various businesses in the region. Such leverage has brought more than $100.5 million in investment.
Its investment fund is now $ 6M. The volunteer contribution of its directors since it started is estimated at more than $ 2.2M.
The CAE Memphrémagog today:
The CAE Memphrémagog today is a team of dedicated professionals, supervised by a committed multidisciplinary board of directors, who offer their expertise to entrepreneurs in the MRC Memphremagog region.
They finance and coach these entrepreneurs in their business projects to increase their chances of success.
in Investment fund
active projects
supported enterprises
new files processed each year