Fonds de solidarite FTQ

Impact Areas:

Job creation through investment in Québec's small and medium-sized businesses.

Abbreviation:

FTQ

Website:

Funding Amount:

Various

Geographic Area:

Québec

Summary:

The largest development capital fund that calls upon the solidarity and savings of Quebecers to help fulfill its mission to contribute to Québec’s economic growth by creating and protecting jobs through investments in small and medium-sized businesses in all spheres of activity.

Fonds de solidarité FTQ

Program Objective:

Established in June 1983, the Solidarity Fund QFL is a development capital company that uses savings and solidarity of all Quebecers. Its main mission is to contribute to Quebec's economic growth by creating and saving jobs through investments in companies of all sectors of the Québec economy. One of its objectives is also to encourage retirement savings and to provide its hundreds of thousands of shareholders-owners a reasonable return in addition to the above tax benefits granted to them. Solidarity Fund QFL Quebec's largest network of investment and development capital was established at the initiative of the FTQ, the largest labor union in Quebec. Its governance and codes of ethics , it acts as a socially responsible investor and concerned a humane and sustainable economic development. Moreover, beyond the capital, it is committed to supporting the development of businesses by offering value-added services, including economic training. The Fonds de solidarité FTQ, whose net assets was $ 8.5 billion at May 31, 2012, has become a hub of knowledge and resources to businesses in Québec and a major player in the Quebec economy.

Investment Type:

Loans, Deposits, Other financing products

Client Group:

Small and medium-sized businesses