Then she thought of assistance to approximately 800 to 1000 companies, through programs totaling $ 20 million, the City has found that the demand is far less.
“Surprisingly, there are almost more and more requests. I think that 80% of the companies have gone in search of federal aid. There is a lot of help out there for businesses at the federal and provincial levels. There are fewer needs for [the municipal assistance] that one would have thought,” said mayor Labeaume on Friday morning, on the sidelines of a press conference.
The municipality has distributed up to now $ 6.6 million: 5.7 million in emergency loans and approximately $ 1 million in grants to NPOS and cooperatives.
Loans, some 284 applications were received, of which 150 have already been processed. The average loan per company was$ 38,000 up to now. The average grant was$ 10,000 for 94 different organizations.
Still in force
The municipal program will remain in effect until the end of 2020. Régis Labeaume does not exclude that new requests can arrive to the City when the PCU (Delivery canadian emergency) federal will end.
At the time of the launch of the municipal program, much of which is funded by the government of Quebec, the contractors had been critical of the overly restrictive criteria that would have deterred many traders to file applications.
The City had downplayed these claims and mentioned that she had little control over the choice of criteria.