CED announces renewed agreements with SADCs, CAEs, Réseau des SADC et CAE and Capital Réseau.
Rivière-du-Loup – The 57 Sociétés d’aide au développement des collectivités (SADC), the 10 Centres d’aide aux entreprises (CAE), the Réseau des SADC et des CAE, and Capital Réseau play a key role in economic development in Quebec’s rural communities. Supporting regional economic diversification is a priority of the Government of Canada; as a result, these organizations will benefit from a total of $245M in financial assistance. The Honourable Soraya Martinez Ferrada, Minister of Tourism and Minister responsible for CED, made the announcement today.
More specifically, $177M in support for the 2024‑2029 period will enable them to pursue their mission in rural communities, which involves fostering the development of local economies, supporting start‑ups, and helping SMEs with their growth strategies, all while paying particular attention to more devitalized sectors. In addition to this amount, access is being provided to a further $68M to strengthen the organizations’ capacity for intervention and to make investments towards the green shift, digital technology, the transfer of businesses to rural areas, and youth. This new funding approach will provide the organizations with means and flexibility, in addition to reinforcing their capacity to act based on a new regional and community intervention model.
The Government of Canada recognizes and supports businesses and organizations that are a source of pride in their communities. Quebec’s economic growth relies on organizations with strong roots in the regional economy; they represent key assets in building a sustainable, inclusive economy.
“The SADCs and CAEs make a real difference in our communities and our businesses across the province. CED is proud to be able to count on the network and its members, true key partners for 29 years now in ensuring our regions and their businesses prosper. Congratulations to your organizations’ professionals and volunteers, who attend so closely to the needs of Quebec’s entrepreneurial ecosystem.” – Soraya Martinez Ferrada, Minister of Tourism and Minister responsible for CED