PME MTL pledges to prioritize the health and well-being of its employees, clients and partners for the duration of the COVID-19 pandemic. Rest assured that the PME MTL team is committed to deliver the best possible service in light of the current situation.
We would like to remind you that regardless of your business stage, you can count on the help and support of PME MTL.
Despite the current situation, we will continue to play a leading role in the economic development and the prosperity of Montréal’s businesses.
$50M in Additional Funding for Montreal’s SMEs
The governments of Canada and Quebec, along with Ville de Montréal, have announced an additional $50M in funding to support the city’s businesses. These funds will be administered by PME MTL.
The government of Canada, through the Canada Economic Development for Quebec Regions’ agency, will provide up to $30M from the Regional Relief and Recovery Fund (RRRF) to the PME MTL network. This financial assistance is for businesses that are unable to access other federal programs, or which were denied assistance under these programs.
In addition, the Government of Québec is contributing $20 million more to the envelope for the Ville de Montréal under the Aide d’urgence aux petites et moyennes entreprises program to come to the assistance of metropolis SMEs facing financial hardship due to COVID-19. A sum of $40 million was previously granted to the Ville de Montréal through this program.
The specific conditions of the Regional Relief and Recovery Fund will be communicated shortly. If you wish to be informed, please fill out this contact form.
$2M in Grants to Support Montreal’s Retailers
The extraordinary circumstances created by the pandemic has led nonessential shops to close down.
With the gradual resumption of commercial activities around the corner and the new health and social distancing measures enforced on commercial businesses, the City of Montreal is investing $2M in a temporary grant fund to support retailers.
The PME MTL network will be responsible for managing this fund intended as a means to support retail businesses consolidate their activities. Please visit the Fund's page to review the specific conditions.
$1.8 Million to support Montréal’s social economy
To support social economy enterprises affected by COVID-19, the city of Montréal is announcing reduced eligibility conditions for the Social Economy Development Fund managed by PME MTL.
As a result, enterprises and organizations seeking support will have until September 30, 2020, to submit an application for funding in the form of a non-repayable contribution, up to a maximum of $50,000. Since funds are limited, it is recommended that companies submit an application to their service centre as soon as possible.
The eligibility conditions concerned are as follows:
- Have a capital outlay for at least 10% of the total cost of the project.
- Provide an executive summary including a 12-month cash budget.
To see the general conditions for the Fund, click here.
Six-month Moratorium Period
PME MTL will offer a 6-month moratorium period on capital and interest to private and social economy organizations that currently have loans with us - thus providing relief to 700 SMEs. This measure, in partnership with the FTQ, adds to the financial support provided by the provincial and federal governments.
Emergency Assistance for Small and Medium-Sized Businesses
The Quebec government’s Emergency Assistance Program for SMEs will support eligible companies experiencing financial difficulties as a result of the COVID-19 crisis and who require working capital of less than $50,000.
The PME MTL network will manage this emergency assistance within the Montreal’s territory. Please visit the Fund's page to review the specific conditions.
Measures Offered by the City of Montréal
The City of Montréal is preoccupied by the economic impact of the COVID-19 pandemic on its businesses. Therefore, a series of tools and economic measures have been put in place to support the community. To access the latest information, we invite you to visit the city’s website.
Actions taken throughout our 6 service hubs
Our employees are instrumental to our day-to-day operations and are dedicated to help you overcome this situation. The following guidelines are therefore in effect :
- All of our employees who can work from home are encouraged to do so ;
- All client, partner and visitor meetings will happen through phone or videoconference
- Office hours remain unchanged.
PME MTL created a document to monitor the government measures and innovative projects surrounding COVID-19.
Workshops, training and seminars that were scheduled are postponed to a later date or will happen through videoconference: activity-related information will be updated on our website.
If you are a client of PME MTL
To avoid coming to our offices, we kindly ask that you contact your advisor by email or by phone.
Should you have other questions or concerns, please contact your service hub.
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