Available Funds

rio_tinto_alcan

The Rio Tinto Alcan Fund for Shawinigan

Nature of the Fund and Type of Assistance

The main purpose of the RTA fund is to contribute to the financing of growth-generating business projects that significantly boost the economic diversification of the territory of the City of Shawinigan.

Funds are generally granted in the form of a capital loan (with or without security). Financing can also be granted in the form of debenture or equity loan. Financial assistance is limited to 20% of the allowable expenses of an approved project, to a maximum of $200,000 per project (up to two projects per company).

Eligibility

All projects must have been previously approved by the representatives of the Regional Industrial Development Office of Rio Tinto Alcan.

Project Selection Criteria

Business plans are analyzed by the fund’s Steering Committee according to the following criteria:

  • their growth-generating nature (measurable economic impact)
  • their contribution to the economic diversification of Shawinigan
  • the applicant’s entrepreneurial qualities and skills
  • the realistic nature of the financial plan
Photo : Machiniste

CLD Contact:

Simon Allaire
Industrial Officer
Tel. : 819.537.7249, ext. 35
simon.allaire@cldshawinigan.qc.ca