![\"SADC](\"https:\/\/sadcpontiac.ca\/wp-content\/uploads\/2024\/07\/SADC_AnnonceEntente_16-juillet-2024-19.jpg\")
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Gatineau, July 17, 2024<\/strong>\u00a0\u2013 The Outaouais SADCs welcome the announcement of new five-year contribution agreements between Canada Economic Development for Quebec Regions (DEC) and Quebec\u2019s network of 57 SADC (Soci\u00e9t\u00e9s d\u2019aide au d\u00e9veloppement des collectivit\u00e9s) and 10 CAE (Centres d\u2019aide aux entreprises).<\/p>\n Historic investments of $245 million<\/strong>\u00a0will ensure the operation of the 67 SADC and CAE in Quebec and their network. These investments will also ensure the equitable delivery of key business lines across rural and semi-urban regions of Quebec, including local economic development, support, and financing for entrepreneurs.<\/p>\n Specifically, in Outaouais, the SADC de Papineau-Collines, SADC Pontiac, and SADC de la Vall\u00e9e-de-la-Gatineau will receive investments totaling\u00a0$9.9 million<\/strong>. The three SADCs in the region will also strengthen their local interventions, particularly by increasing their efforts to address the current economic challenges faced by entrepreneurs.<\/p>\n This new agreement with the Government of Canada will enable the SADC and CAE to create new financial products to help entrepreneurs address their key economic challenges such as green and digital transitions, as well as issues related to business transfers and youth entrepreneurship. These investments amount to $600,000 for each SADC in the region. Notably, these funds come from repayments by entrepreneurs who received loans through the Regional Relief and Recovery Fund, a fund established by the Government of Canada in response to the challenges posed by the health crisis in 2020.<\/p>\n Additionally, from the returns of the Regional Relief and Recovery Fund, a $28 million envelope will allow each SADC and CAE, as well as the Network, to enhance their intervention capacity. Specifically, each SADC and CAE will have access to additional funds of $335,000 to bolster their local economic development efforts and provide technical assistance to entrepreneurs.<\/p>\n \u201cSADC and CAE play an essential role in the economic development of our region. Their commitment to supporting small and medium-sized enterprises greatly contributes to the vitality and resilience of our community. The Government of Canada supports this transition, valuing SADC and CAE as key partners. I commend the work of the professionals and volunteers who respond to the specific needs of our region, bringing expertise, support, and innovation to build a green and prosperous future.\u201d \u201cIn Outaouais, we benefit from three SADC whose actions add considerable value to our SMEs\u2019 projects. Their relentless work creates and maintains quality jobs, thereby enhancing regional prosperity. Communities must strategically diversify by focusing on innovation to develop sustainable competitive advantages. The Government of Canada prioritizes support for this transition, and it is crucial for organizations like SADC and CAE to be established in our communities. Their direct contact with local socio-economic actors allows them to understand issues well and act effectively on the ground. Economic growth and competitive SMEs contribute to building strong and welcoming communities for the middle class.\u201d <\/p>\n Investments in SADC and CAE pay off! According to a study conducted by Aviseo Conseil for the period 2019 to 2023, SADC and CAE have resulted in an increase of $458 million in Quebec\u2019s real GDP, of which $85 million comes from our loan investments and $273 million is generated by the increased five-year survival rate of businesses supported by SADC and CAE. It is worth noting that a Statistics Canada study shows that this rate is more than double among our clients.<\/p>\n -30-<\/p>\n Information:<\/strong> Gatineau, July 17, 2024\u00a0\u2013 The Outaouais SADCs welcome the announcement of new five-year contribution agreements between Canada Economic Development for Quebec Regions (DEC) and Quebec\u2019s network of 57 SADC (Soci\u00e9t\u00e9s d\u2019aide au d\u00e9veloppement des collectivit\u00e9s) and 10 CAE (Centres d\u2019aide aux entreprises). Historic investments of $245 million\u00a0will ensure the operation of the 67 SADC and…<\/p>\n","protected":false},"author":4,"featured_media":2311,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"class_list":["post-2314","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news"],"_links":{"self":[{"href":"https:\/\/sadcpontiac.ca\/en\/wp-json\/wp\/v2\/posts\/2314","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sadcpontiac.ca\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sadcpontiac.ca\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sadcpontiac.ca\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/sadcpontiac.ca\/en\/wp-json\/wp\/v2\/comments?post=2314"}],"version-history":[{"count":4,"href":"https:\/\/sadcpontiac.ca\/en\/wp-json\/wp\/v2\/posts\/2314\/revisions"}],"predecessor-version":[{"id":2320,"href":"https:\/\/sadcpontiac.ca\/en\/wp-json\/wp\/v2\/posts\/2314\/revisions\/2320"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sadcpontiac.ca\/en\/wp-json\/wp\/v2\/media\/2311"}],"wp:attachment":[{"href":"https:\/\/sadcpontiac.ca\/en\/wp-json\/wp\/v2\/media?parent=2314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sadcpontiac.ca\/en\/wp-json\/wp\/v2\/categories?post=2314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sadcpontiac.ca\/en\/wp-json\/wp\/v2\/tags?post=2314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Funding to Strengthen Our Local Interventions<\/h3>\n
Quotes:<\/h3>\n
\n\u2014 Sophie Chatel, Member of Parliament for Pontiac-Kitigan Zibi<\/strong><\/p>\n
\n\u2014 St\u00e9phane Lauzon, Member of Parliament for Argenteuil-La Petite-Nation<\/strong><\/p><\/blockquote>\nSome Impacts of SADC and CAE on Quebec\u2019s Economy<\/h3>\n
\nSADC Pontiac<\/strong>
\nBrittany Morin
\nMarketing and communications
\nbrittany.morin@sadcpontiac.ca<\/p>\n","protected":false},"excerpt":{"rendered":"