Fonds de solidarité FTQ Commits Another $10 Million to Support High-Growth Québec SMEs

QUÉBEC, Feb. 12, 2015 /CNW Telbec/ - Fonds de solidarité FTQ President and Chief Executive Officer Gaétan Morin and Executive Vice-President of Investments Normand Chouinard are pleased to announce that the Fonds is earmarking $10 million for the Québec government's PerforME program.

"The Fonds de solidarité FTQ is planning to invest $1.6 billion over the next three years in companies impacting the Québec economy and looking to grow. The $10 million envelope set aside by the Fonds for the PerforME created for high-growth Québec SMEs is therefore right in line with its strategy to back business owners all across Québec," said Mr. Morin.  

"Supporting businesses is what the Fonds' mission is all about, and the reason we're able to do this is the tax credits granted to labour fund shareholders. It's worth mentioning that for each dollar in Québec tax credits granted to our shareholders, the Fonds invests $5.68 in the local economy," added Mr. Chouinard. 

About the Fonds de solidarité FTQ

The Fonds de solidarité FTQ helps drive our economy. With net assets of $10.5 billion as of November 30, 2014, the Fonds is a development capital fund that channels the savings of Quebecers into investments in all sectors of the economy to help create and maintain jobs and further Québec's development. The Fonds is a partner, either directly or through its network members, in more than 2,450 companies. With more than 600,000 shareholder-savers, the Fonds helps create, maintain and protect more than 172,000 jobs. For more information, visit www.FondsFTQ.com.

SOURCE Fonds de solidarité FTQ

For media representatives only: Patrick McQuilken, Senior Advisor, Media Relations and Communications, Fonds de solidarité FTQ, Phone: [phone], Mobile : [phone], Email: [email protected]; For Fonds de solidarité FTQ shareholders: Shareholder Services, Fonds de solidarité FTQ, Montréal: 514 383-3663; Québec: 418 628-3663; Toll Free: 1 800 567-3663