Quebec government plans to abolish SME aid fund administered by Investissement Québec
1 report, 1 independent
Updated Oct 7
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What happened
Québec has a minority government, and the Parti Québécois has promised to cut corporate taxes and reduce bureaucracy. The party also stated it would abolish the Fonds du développement économique, which allows Investissement Québec to administer financial assistance programs for many small and medium enterprises.
From betakit.com
Why it matters
The abolition of the fund changes the provincial economic support structure. Industry leaders noted that the tech sector requires stability and predictability amid trade uncertainty.
From betakit.com
Who's involved
- Investissement QuébecCanadian investment company that administers financial assistance programs for SMEs in Quebec
- QuebecThe territory where the new minority government is operating
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The entities involved
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Investissement Québec
Canadian investment company
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