Companies will be granted an additional six months’ reprieve to repay financial aid they received from local investment funds, amid uncertainty over U.S. threats of tariffs.
Quebec’s Minister Delegate for the Economy, Christopher Skeete, made the announcement on Monday while visiting Victoriaville.
Local investment funds are managed by regional county municipalities. They provide loans for projects that promote local entrepreneurship in the territory in question. They facilitate access to capital to start a business or allow its expansion, for example.
Quebec specifies that this respite is in addition to the payment periods already authorized by the investment policies of the MRCs.
“This easing measure is part of our actions to protect our businesses and our economy in these uncertain times,” said Skeete, in a press release.
–This report by La Presse Canadienne was translated by CityNews
