COMMUNITY FUTURES PROGRAM: THE SADC AND CAE NETWORK MAKES A REAL DIFFERENCE FOR SMALL BUSINESSES
Québec City, December 16, 2021 - A study on the performance of the Community Futures Program (CFP), delivered by Community Futures Development Corporations (CFDCs) and Centres d'aide aux entreprises (CAE), confirms that Quebec companies that do business with the network perform better.
The results of the Community Futures Program (CFP) performance study conducted by Canada Economic Development for Quebec Regions, in collaboration with Statistics Canada, were released last November. This study compares, over a five-year period, the performance of businesses with 100 employees or less that received CFP assistance, with other businesses with similar characteristics, but that did not receive CFDC or BDC services.
Vallier Daigle, President of the Réseau des SADC et CAE, says he is very proud of these results: "For 40 years, we have been ensuring the success of entrepreneurs and the economic vitality of our regions. With the financial contribution of Canada Economic Development for Quebec Regions, our professionals ensure the delivery of our three complementary business lines of local economic development, technical assistance and the business financing. We're firmly rooted in our communities, attentive to the needs of entrepreneurs, and form a large, agile and efficient national network of expertise. These are the distinguishing factors that make us a driving force for success.
The results of the study show that the support provided by the Réseau des SADC et CAE has a significant impact on business performance, on several levels.
HIGHLIGHTS
The 4,451 CFP files reviewed established that between 2013 and 2018, our network has made a difference for businesses by contributing to the following:
- Improved survival rate of companies: the company survival rate is 77 % after five years of existence, compared with 53% for the control group.
- Job creation 10 times greater average increase of 3.2 % per year compared with 0.3 % in the control group.
- Nearly 5 times more jobs created by women-owned companies Average increase of 5.0% per year, compared with 1.3% in the control group.
- Faster sales growth : average annual sales increase of 5.2 % compared with 3.14 % for the control group.
- Faster payroll growth for companies : 7.2 % on average per year, versus 2.9 % in the control group.
ABOUT THE COMMUNITY DEVELOPMENT PROGRAM
The CFP is a federal government program that funds the operations of 269 CFDCs and BDCs across Canada, including 67 in Quebec. The CFP is a program that recognizes the expertise of local decision-makers and the autonomy of decision-making, in order to stimulate the participation of communities in taking charge of their own future.
ABOUT THE SADC AND CAE NETWORK
The 67 CFDCs (Community Futures Development Corporations) and BDCs (Business Development Centres) have been working for 40 years on the economic development of their communities. Visit Réseau des SADC et CAE has over 1,000 professionals and volunteers who support and finance over 10,000 entrepreneurs and local economic development projects every year. The Réseau des SADC et CAE offers entrepreneurs personalized, ongoing support, as well as flexible financing products tailored to their needs. Canada Economic Development for Quebec Regions provides financial support to CFDCs and BDCs.
Need customized advice or financing for your business?
To help you manage your business efficiently and exploit its full potential, the SADC offers you :
- an array of management consulting
- solutions corporate financing
- and a support for collective projects.
How to find us
As a regional player, we serve companies belonging to one of the following communities from 10 municipalities of the Montcalm MRC as well as municipalities belonging to the L'Assomption RCM (municipalities of L'Assomption, L'Épiphanie and Saint-Sulpice). We also operate for municipalities in the Rivière du Nord RCMSainte-Sophie and Saint-Hippolyte.
In other words, we serve the municipalities of Saint-Hippolyte, Saint-Calixte, Sainte Sophie, Saint-Lin-Laurentides, Saint-Julienne, Saint-Esprit, Saint-Roch-Ouest, Saint-Roch-de-l'Achigan, Saint-Liguori, Saint-Alexis, Saint-Jacques, Sainte Marie-Salomé, L'Epiphanie, L'Assomption and Saint-Sulpice. However, the municipalities of Repentigny and Charlemagne are not eligible for our financial assistance. Our offices are located at 104, rue St-Jacques in Saint-Jacques.
We believed in their project and they put their trust in us.
Since our creation in 1992, we have supported a large number of entrepreneurs in their business transfer, start-up or growth objectives. These include :
Solnor EnvironnementSolnor Environnement is an expert consultant for contaminated land and geology. Solnor Environnement's core business is the management of projects with a geological component, the analysis and study of soil and water, their decontamination and the environmental analysis of sites.
Lait de poule inc. the maternity and nursing specialist in l'Assomption, offering clothing and textiles for pregnant women and textiles to facilitate breastfeeding.
Brasserie L'Apothicaire of St-Jacques de Montcalm, whose mission is to support an ecosystem of regional microbreweries, and to help and contribute to the emergence and development of local players offering products of excellence.
The integration company Job Access Buffet whose core mission is to provide a gateway to the job market in the catering sector.
While these players belong to a wide variety of economic sectors, the fact remains that our approach, which focuses on the local level and on serious, well-thought-out support tailored to their objectives, has contributed to these successes. success stories. Behind each of these entrepreneurs was a ambitious project, and we are proud to present their success..
SADC can help you develop your business. Call on our team to bring your entrepreneurial projects to fruition.
