LaSalle Business Recovery Fund COVID-19 recently awarded grants to four new businesses. One year after launch, the envelope is exhausted, but other programs can help.
For the third and final wave of grants, recipient companies are Future Technique, Épicerie Smartket, Boucherie Marchigiani and Goldtex.
In May 2020, a Recovery Fund of over $ 175,000 was launched to help businesses in the La Salle area in the current context of the health crisis.
In addition to the assistance offered by the City of Montreal and other levels of government, it aimed to provide irrevocable financial support to weakened businesses, but with a good foundation and a concrete recovery project.
“The real goal is to ensure socio-economic resilience and commercial diversity along LaSalle’s main arteries, and to preserve jobs and support them in the digital transition,” says PME-MTL Grand Sud-Ouest General Manager. Marie. -Claude Dore.
A total of 22 companies received between $ 5,000 and $ 10,000 each.
“LaSalle really attaches great importance to the commercial development of its territory. Very few districts have established such a fund there. We are discussing the future fund. ” Marie-Claude Dore
This allowed them, among other things, to redesign or optimize their website, improve the internal layout, get equipment to facilitate physical distance, or even relocate, like in Butchery Marchigiani.
“It gave the companies oxygen and liquidity. It also allowed for a little reflection on the business model and work on projects to ensure resilience after COVID-19, ”Ms Daure emphasizes.
She adds that other aids are available to traders who need them.
Future Technique owner Remy Tanguay explains that he applied for the grant during the first wave of closures, when there was pressure to pay commercial rent.
“It was quite a difficult time because the payments had to be continued. This helped us stay six inches underwater. Grants always help, ”he says.
Tanguay explains that the process was still quite long before receiving the money, but he is very glad that he was able to benefit from it.
In conclusion, he confirms that the new venture is going well and that the company needs to be sustainable.
Breakdown by business sector
- 39% for restaurants
- 28% in personal hygiene
- 22% for retail business
- 11% for gyms
$ 177,000: The total amount allocated by the LaSalle Business Recovery Fund.
The district has entrusted the management of the COVID-19 business revival fund to PME MTL Grand Sud-Ouest.