SADCs and CAEs BOOST SME PERFORMANCE

Québec City, December 16, 2021 – A study on the performance of the Community Futures Program (CFP), which is delivered in Quebec by Sociétés d’aide au développement des collectivités (SADCs) and Centres d’aide aux entreprises (CAEs), confirms that Quebec businesses that work with the Réseau 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 published in November. The study compares the performance of businesses with up to 100 employees that received assistance through the CFP with other businesses with similar profiles that did not receive services from SADCs or CAEs over a five-year period.

Vallier Daigle, President of the Réseau des SADC et CAE, says he is very proud of these results: “We have been supporting the success of entrepreneurs and the economic vitality of our regions for 40 years. With the financial contribution of Canada Economic Development for Quebec Regions, our professionals deliver our three complementary business lines: local economic development, technical assistance and business financing. How do we do it? With a strong, agile and effective provincial network of expertise that is firmly rooted in our communities and attentive to the needs of entrepreneurs.”

HIGHLIGHTS

The study looked at 4,451 CFP files. Between 2013 and 2018, our network has made a difference for businesses by contributing to the following: 

Improved business survival rate: 77% after five years of existence, compared to 53% for those in the control group

 

Creation of over 10 times as many jobs: an average increase of 3.2% per year, compared to 0.3% in the control group

 

Creation of nearly 5 times as many jobs for women-owned businesses:

an average increase of 5.0% per year, compared to 1.3% in the control group

 

Stronger increase in sales: 5.2% average annual sales increase, compared to 3.14% for the control group

 

Faster payroll growth: 7.2% per year on average, compared to 2.9% for businesses in the control group

  

About the Community Futures Program (CFP)

 

The CFP is a federal government program that ensures financing for the operations of the 269 CFDCs, SADCs, CBDCs and CAEs in Canada, including 67 in Quebec. The CFP recognizes the expertise of local decision makers and decision-making autonomy, in order to encourage communities to take charge of their futures.

COVID-19: $ 71.3 M AND ADAPTED MEASURES TO THE NEEDS OF SMALL REGIONS

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LAC-MEGANTIC…FIVE YEARS LATER

SPECIAL INTERVIEW: LAC-MÉGANTIC…FIVE YEARS LATER

INTERVIEW WITH GINETTE ISABEL, EXECUTIVE DIRECTOR OF SADC DE LA RÉGION DE MÉGANTIC


On July 6, 2013, an unprecedented train wreck rocked the town of Lac-Mégantic. A massive explosion and fire destroyed the downtown, killing 47 people, more than half of them under the age of 40. The Lac-Mégantic region was a model for the coordination of economic development stakeholders, with one of the most beautiful and vibrant downtowns in Quebec.

 

Réseau –  Ginette, the SADC played a major role in the aftermath of the disaster. Looking back, what were the most difficult moments?

G.I. –  After making sure that my family, board members and team members were all still alive, the most difficult thing was how totally disorganized everything was. The SADC had lost everything and didn’t have the tools to help people. The feeling of powerlessness was overwhelming, and we at the SADC quickly got to work in order to reassure those most affected by showing them a semblance of normalcy.

Réseau – Your region was famous for how well-coordinated stakeholders were. How is it now?

G.I. – In the first few months, all the organizations instinctively formed a united front. We got together every morning to coordinate our actions and share tasks. This is what helped us get through it all. After Mayor Laroche left, the municipal council changed. There wasn’t enough time to consult the organizations, and they made some controversial decisions. During this time, the organizations felt the need to stand out again and act more individually. This was a difficult time. It became clear that collaboration had broken down. There’s more of it now, however. People want to feel that unity again.

Réseau – After five years, what are the most significant consequences?

G.I. – How people are still feeling vulnerable, which makes them insecure and afraid of investing and getting involved. Then there’s the loss of our downtown, which we prided ourselves on. Two weeks before the tragedy, I had reviewed our facade renovation program and was happy to say that there were only three buildings left to redo… None of the downtown buildings withstood it. Both residents and tourists say that we have lost our soul. They are disappointed that the new buildings don’t have the same charm. I wouldn’t have believed it could affect us so much.

Réseau – Were there any positives in all these events?

G.I. – Of course! Definitely the most significant is how many of Lac-Mégantic’s young people have returned. They felt the sense of urgency and wanted to help. As well, the media coverage in the first few months helped us raise several million dollars to aid the victims. And I want to acknowledge Canada Economic Development (CED), which has provided exceptional financial assistance and technical support. The $5 million in recovery funds for Lac-Mégantic enabled us to help businesses relocate, and there will soon be new buildings on Frontenac Street thanks to this funding.

Réseau – How is the region’s economy doing these days ?

G.I. –The commercial sector is still struggling, as it was the most affected, but the industrial sector is doing well. CED also supported them. Although it was previously thought that everything would be done in three years, it will take at least ten years to rebuild Lac-Mégantic.

Réseau – Ginette, you are going to be leaving the SADC in a few months. What gives you hope and pride with regard to these events?

G.I. –The removal of the railway will be a fantastic opportunity to redevelop the town centre so that it regains some of its charm. My greatest sources of pride are having really made a difference for the victims and a sense of accomplishment.

 

Papineau Street, Photo credit: Claude Grenier

A new initiative to help businesses face economic challenges

BATISCAN, Mauricie, October 11, 2016 – The Réseau des SADC et CAE is proud of the announcement made today by François-Philippe Champagne, Parliamentary Secretary to the Minister of Finance and Member of Parliament for Saint-Maurice–Champlain, on behalf of the Minister of Innovation, Science and Economic Development, the Honourable Navdeep Bains, who is also the Minister responsible for Canada Economic Development for Quebec Regions (CED), of the implementation of the new Small Business Support initiative.

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