CED supports regional economic development by investing $1M in social innovation projects in Montréal's East End.
Montréal's East End has the assets and potential to become a leading hub for economic and social development in Quebec. Recognizing this potential, the Government of Canada has committed to supporting economic transformation in this sector of the metropolis by boosting its revitalization, appeal and sustainable reindustrialization, while also implementing an innovative approach to economic development for this territory.
That is why the Honourable Soraya Martinez Ferrada, Minister of Tourism and Minister responsible for CED, is today announcing the launch of a call for projects to which CED will dedicate a budget of $1M to support new social innovation projects whose economic, social and environmental spin-offs are clearly destined for the territory targeted by the Initiative to Support Economic Development in Montréal's East End.
The Minister is also announcing $95,000 under this initiative to support the Maison de l'innovation sociale, an organization that specializes in guiding and incubating projects. These investments are part of CED's regular programs.
A new approach to better meet the needs of the metropolis's East End
CED aims to maximize the scope of its support for eligible organizations by fostering projects that align with an approach to social innovation with a local economic development component, that meet the needs of the targeted territory and that will be able to be implemented over a period of 18 months.
Organizations that submit a project will have to demonstrate their anchoring in and commitment to the local community or the specific location where the project will be implemented.
CED is accepting applications from now up to November 29, 2024, under this call for projects. Organizations are invited to participate to be able to benefit from funding up to $50,000.
