Support and Financing for Local Initiatives
We support local organizations in implementing initiatives aimed at stimulating the region’s economic growth and community vitality.
A Lever for Structural and Innovative Projects Benefiting the Community
We work in collaboration with local economic development organizations to carry out initiatives that address the region’s economic challenges by supporting projects such as:
- Supporting local initiatives including those targeting youth, business transfers, innovation, sustainable management, digital transformation, and workforce deployment challenges
- Conducting sector or regional analyses and studies
- Organizing knowledge transfer activities such as group training sessions, peer exchange workshops, advisory services, or collective support for SMEs
- Organizing awareness, networking, consultation, and facilitation activities to bring together local stakeholders around an economic challenge
- Getting involved in committees or roundtables
Our Local Economic Development Services
Support
A CAE Memphremagog team member can support you at every stage of your project’s development. Thanks to its network of contacts, CAE works closely with the community’s socioeconomic organizations.
Financial Support
In collaboration with community partners, CAE Memphremagog actively contributes to the region’s attractiveness and vitality by financially supporting projects that promote the community’s sustainable development, entrepreneurship, and economic growth.
Frequently Asked Questions — Local Economic Development
A local economic development initiative is a project designed to address a need or challenge shared by several entrepreneurs or organizations in the region. Unlike an individual business project, it generates collective benefits for the business community of the MRC de Memphrémagog.
These initiatives may focus on themes such as productivity, entrepreneurial succession, workforce recruitment and retention, digital transformation, innovation, sustainable development, the circular economy, exporting, tourism, or any other issue that fosters regional economic development.
CAE Memphrémagog can support activities that enable entrepreneurs to acquire new knowledge, share their experiences, or expand their business network around a common issue.
For example, an eligible initiative could take the form of a conference, a training workshop, a symposium, a round table, a community of practice, a networking activity, a breakfast conference, or any other activity with a clear economic development objective.
The activity must demonstrate that it will bring added value to multiple businesses in the region.
Any individual, business, organization, association, institution, or group of partners may submit an application, provided that the project pursues a collective economic development objective.
The most important factor is not the identity of the promoter, but rather the impact of the project. It must respond to a need shared by several entrepreneurs in the MRC de Memphrémagog and contribute to the economic vitality of the region.
Yes.
Communities of practice are generally eligible when they enable multiple entrepreneurs to share experiences, develop skills, or find solutions to common challenges.
However, the topics addressed must contribute to the economic development of the MRC de Memphrémagog, such as human resources management, productivity, sustainable development, innovation, digital transformation, business succession, exporting, or commercialization.
Magog Technopole’s Connexion IA en affaires initiative is a good example.
Submit Your LED Request
A First Step Toward Bringing Your Project to Life
Start your process now with CAE. One of our advisors will contact you to plan the next steps!