2011 Annual Report - Fiducie du Chantier de l`économie sociale

i
Mission
The Chantier de l’économie sociale Trust’s
main mission is to promote the expansion
and development of collective enterprises
by enhancing access to financing and
ensuring better capitalization of social
economy enterprises.
Investment products for social
economy enterprises
The Chantier de l’économie sociale Trust
provides loans with no capital repayment
requirement before 15 years. This patient
capital is designed to support enterprises’
operations and real estate investments.
ii
TABLE
OF CONTENTS
2
Message from the Chair of the Trustee Council
3
Message from the Executive Director
4
Governance
6
Investment Activities in 2011
12
Zoom on Projects
18
Trust Investments Since its Inception
Printed on 50% recycled paper.
Graphic design and production:
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Printing:
Imprime Emploi
1
MESSAGE FROM
THE CHAIR
I would say that 2011 was a year of ongoing
investment efforts in Québec, continuing
innovation in the field of solidarity finance,
and international dialogue. It was a busy
year, but with great spinoffs, for both the
short term and future prospects.
After five years of operation, we have
proved ourselves valuable partners in the
development of collective enterprises in
Québec. The results speak for themselves.
Our innovative patient capital approach has
taken root in every region and in many sectors
of Québec. Despite the uncertain economic
context, collective enterprises continue
developing to meet their communities’
needs and aspirations.
But the Chantier de l’économie sociale Trust
is determined to do more. Together with the
Chantier de l’économie sociale and several
other partners, we pursued our efforts
to imagine and develop new investment
products that are adapted to specific sectors,
or projects that are not covered by existing
products. The Chantier de l’économie sociale
Trust is still committed to meeting the needs
of collective enterprises run by women and
men who are working every day to build
prosperous and cooperative communities.
In the past year, we have also expanded
our perspective to include the broader
international community. As the financial
tool of the Chantier de l’économie sociale,
the Chantier de l’économie sociale Trust was
an active partner in the large international
gathering held in Montréal last October:
the International Forum on the Social and
Solidarity Economy (FIESS). Organized by
the Chantier de l’économie sociale, assisted
by a group of national and international
partners, the FIESS attracted over 1,600
participants from 62 countries who came
to learn, discuss and celebrate the progress
and recognition achieved by the social
and solidarity economy worldwide. Social
and solidarity finance was a central theme
at the gathering. From the experience of
alternative banks in Brazil to discussions
with African, Asian and Inter-American
development banks, the Forum was a turning
point in the construction of an international
movement that supports the social and
solidarity economy.
2
During
numerous
discussions,
the
experience of the Trust distinguished itself
on several fronts. Its financial products were
the envy of stakeholders in many countries
that are in desperate need of capital that is
adapted to their needs. Our governance
structure and strategic partnerships with
a broad range of networks and territories
were also recognized for their originality and
aptness. Last, the links and the vision that
make the Chantier de l’économie sociale Trust
a valuable instrument of the social economy
movement were hailed by all the women and
men who share our commitment to putting
capital at the service of human development
rather than the other way around.
All in all, 2011 was filled with achievements
and promises for the future. And 2012
promises to be just as rich in investments
and new initiatives to expand the frontiers of
what most experts, just over five years ago,
considered an impossible endeavour.
In 2012, the International Year of
Cooperatives, we must unite our efforts as
never before to support the emergence and
growth of enterprises committed to making
a better world.
This year, once again, I want to convey
my warmest and sincerest thanks to the
members of the Trustee Council, the teams
of the Chantier Trust and RISQ, the members
of the Investment Committee, and, of course,
to our Executive Director, Jacques Charest,
for their unswerving dedication to creating
genuine solidarity finance at the service of
Québec communities!
Nancy Neamtan
Chair of the Trustee Council
MESSAGE FROM THE
EXECUTIVE DIRECTOR
February 7, 2007, is a milestone for the
Chantier de l’économie sociale Trust because
it is the date we commenced investment
activities with social economy enterprises.
For five years, we have contributed to the
capitalization of numerous social economy
enterprises. We would like to think we have
made the difference for these 90 businesses,
or at least eased the way for them to realize
their objectives. As you will discover when
you read this annual report, we have worked
with enterprises throughout Québec, in
a wide range of economic sectors, which
indicates how solidly rooted the social
economy has become here.
Over the past five years, we have steadily
grown our investment portfolio to
cover roughly $26 million in authorized
investments. In 2011, we experienced a
remarkable increase in the number of
proposals that came under consideration.
Together—our governance structure, local
stakeholders, and the RISQ team—we
authorized 31 proposals. This represents a 41
per cent increase compared to previous years.
Another positive development is a striking
increase in smaller investments—amounting
to less than $100,000—an indication that we
have risen to the challenge we set ourselves
of meeting the capitalization needs of large
and small social economy enterprises.
We must embark on the next five years with
the perspective of continuing innovation.
Now that we have invested over 50 per
cent of our initial capitalization, we need
to immediately set up mechanisms and
alliances so that, drawing on our experience
and expertise, we can obtain all the funds we
will require to meet the needs of Québec’s
social economy movement.
Keep in mind that the Chantier de l’économie
sociale Trust was founded on and has
inscribed in its genes (or, more prosaically,
its charter) its commitment to creating an
environment that encourages the creation of
capitalization products for social economy
enterprises. We therefore intend to maintain
and expand our efforts in this regard in the
years to come. Our first concern, of course, is
to ensure the growth of our investments. We
also want to continue our association with
different partners to design and implement
innovative financial products and tools
that will meet the financial needs of social
economy enterprises, while respecting their
missions. Our role as intermediary between
the holders of capital and the social economy
movement is one that we will do our utmost
to fulfill.
The turbulence of global finance and global
economies has made us more determined
than ever to contribute to the creation of
promising alternatives to the “profit at any
price” mind set and the unbridled speculation
that ruins the lives of millions for the benefit
of the few.
Throughout the past five years, we have
striven to prove that it is possible to talk
equity, capitalization and finance, rather than
short term, debt overload and speculation.
Jacques Charest
Executive Director
We can do this by moving into the sphere
of “responsible finance,” which seeks
to channel a significant portion of its
investments into sectors and projects that
have a social impact. By the nature of its
projects and approach, the social economy
is perfectly suited to the goals pursued by
the foundations, pension funds and other
institutional investors involved in this
investment sphere.
3
GOVERNANCE
The governance structure of the Chantier
de l’économie sociale Trust comprises four
interactive committees. The committees
meet regularly throughout the year and
they are composed of development,
social and solidarity finance stakeholders,
representatives of every region in Québec,
and Chantier de l’économie sociale Trust
staff members.
Audit Committee
The Audit Committee, whose members come
from outside the Trust, ensure that financial
information, risk management and control
processes comply with current laws and
regulations and are in accordance with our
activities. They also make recommendations
to adopt draft financial statements. This
committee met twice in 2011.
Investment Committee
All investment requests made to the Chantier
de l’économie sociale Trust are reviewed by
an analyst from the Réseau d’investissement
social du Québec (RISQ) who works closely
with local development stakeholders. Once
the file has been analyzed, it is presented
to the Trust’s Investment Committee. This
committee meets every two weeks and is
composed of members of the Chantier Trust
and development and social and solidarity
finance stakeholders. Committee members
issue an investment recommendation to the
Trustee Council.
Monitoring Committee
The Monitoring Committee keeps abreast of
what is happening in every region of Québec
in order to carry out its mission, which is
not only to invest directly in social economy
enterprises, but, more broadly, to encourage
their development and expansion, and
support them in increasing their investments
and financial autonomy.
In 2011, we witnessed a remarkable increase
in investment requests. In all, 31 files were
reviewed in the course of 20 meetings.
Both the Réseau d’investissement social
du Québec and the Investment Committee
share an ongoing concern that investment
proposals meet a community-identified need
and are supported by local development
stakeholders.
Trustee Council
The members of the Trustee Council met 16
times in 2011, drawing on their expertise to
respond to recommendations of the Trust’s
Investment Committee and to develop and
confirm the Trust’s strategic policies. They
provide essential support to the Trust’s
staff team.
4
In 2011, the Monitoring Committee updated
the process for appointing its members.
These changes were designed to guarantee
to regional poles of the social economy a
greater role in the nomination of committee
members. While we appreciate past
members for their excellent work, we made
these changes to take into account the recent
creation of these regional social economy
coordinating structures throughout Québec.
In this way, we can ensure that the
Monitoring Committee will continue to serve
as a strategic body to support the Chantier
Trust’s future development. It will assess the
appropriateness of investment activity and,
just as importantly, identify emerging needs
and areas of collaboration and action for all
social economy stakeholders and partners
throughout the territory.
Our sincerest thanks to all members of our
governance structure for their commitment
to the Chantier de l’économie sociale Trust!
Trustee Council
Éric Baron, Fondaction-CSN (since
November 2011)
Michel A. Bastien, Fonds de solidarité
FTQ
Édith Cyr, AGRTQ (secretary)
Jacques Fiset, CLD de Québec
Claudette Girard, Investissement Québec
Alain Leclerc, Fédération québécoise des
coopératives en milieu scolaire
Geneviève Morin, Fondaction-CSN
(until November 2011)
Nancy Neamtan, Chantier de l’économie
sociale (chair)
Observers
Stéphane Bouchard, ministère des
Affaires municipales, des Régions et de
l’Occupation du territoire (until July 2011)
Michel Taylor, Fonds de solidarité FTQ
Investment Committee
Michel A. Bastien, Fonds de solidarité
FTQ
Annie Béchard, CDEC Rosemont – PetitePatrie
Jacques Charest, Fiducie du Chantier de
l’économie sociale (chair)
Michelle Faucher, Fondaction-CSN
(since November 2011)
Daniel Fortin, Caisse d’économie solidaire
Desjardins
Sylvana Gingras, CLD de la MRC de
Montcalm
Claudette Girard, Investissement Québec
Geneviève Morin, Fondaction-CSN
(until November 2011)
Diego Scalzo, CDC Val-Saint-François
Non-Voting Members
Jean-François Aubin, Chantier de
l’économie sociale
Philippe Garant, RISQ
Audit Committee
Nathalie Blanchette (chair)
Yves Fortin
Pierre Sylvestre
Non-Voting Members
Éric Baron, Fondaction-CSN
(since November 2011)
Michel A. Bastien, Fonds de solidarité
FTQ
Mireille Héroux, Investissement Québec
Geneviève Morin, Fondaction-CSN
(until November 2011)
Staff
Jacques Charest, executive director
Liette Courchesne, finance director
Nathalie Ollier, executive assistant
Outsourcing Agreement
Chantier de l’économie sociale: strategic
monitoring and annual survey
RISQ: analysis and monitoring of the
Chantier de l’économie sociale Trust’s
investment project
Explanation of Abbreviations and Acronyms
AGRTQ: Association des groupes de
ressources techniques du Québec (Québec
Assoc. of Technical Resources Groups)
ARCQ: Association des radiodiffuseurs
communautaires du Québec
CDC: Corporation de développement
communautaire
CDE: Corporation de développement
économique
CDEC: Corporation de développement
économique communautaire
CDEST: Corporation de développement de
l’Est
CDR: Coopérative de développement régional
CJE: Carrefour jeunesse-emploi
CLD: Centre local de développement
CQEA: Conseil québécois des entreprises
adaptées
IDE : Innovation et Développement
économique
RESO : Regroupement économique et social
du sud-ouest
RCJEQ: Réseau des carrefours jeunesseemploi du Québec
RISQ: Réseau d’investissement social du
Québec
SADC: Société d’aide au développement
des collectivités (Community Development
Assistance Soc.)
SDE: Société de développement économique
5
INVESTMENT ACTIVITIES 2011
Through its investments, the Chantier de l’économie sociale Trust is pleased to be able to
support social economy enterprises that are contributing to their communities’ development.
A few figures after five years of operation:
• Total of active loans as at December 31, 2011: $24 M
• Total generated investments: $184 M
• No. of projects financed: 90
• No. of enterprises involved: 78
• No. of jobs: created and maintained = 1,536; integration positions = 120
It is interesting to note that since the Trust’s creation, the Trustee Council has approved over
$25.58 million for 102 investment projects with 88 enterprises. The gap between authorized
investments and active loans can be explained by early repayments of over $1 million, writtenoff loans of $164,896, and refusals by promoters of investment offers totalling $354,000.
The following diagram illustrates the number of projects authorized by the Trust every year
since its inception. Progress has been constant, with 2011 being a record year in
terms of authorized projects.
No. of authorized projects
35 —
30 —
$6.6 M
invested
No. of projects
25 —
20 —
$6.5 M
invested
$4.7 M
invested
$4.0 M
invested
15 —
10 —
$3.7 M
invested
5 —
0 —
|2007|2008|2009|2010|2011|
Year
RECYCLO-CENTRE – 2007
6
Accumulated
investments in
enterprises by
type of loan
(no.: 90 projects)
31%
OPC
46%
REPC
23%
REPC-OPC
REPC– Real estate patient capital
OPC– Operations patient capital
2011 Highlights
In 2011, the Chantier de l’économie sociale Trust invested nearly $6.06 million in new
structuring projects for the social economy that were proposed by 25 enterprises. We also
authorized reinvestments representing $385,151 in three projects that had already received
financing in previous years.
A positive assessment
The Trust made investments totalling $6.45 million during 2011. These investments helped
enable the creation and maintenance of 249 jobs, including 30 job integration positions,
across Québec. Total investments generated by these financed projects came to $37 million.
The Trust invested an average of $307,213 per enterprise, with minimum and maximum
authorized investments representing $50,000 and $1,500,000 respectively.
Scale of authorized investments
$900,000 and over
From $700,000 to $899,999
2011 (no.: 25 enterprises)
Cumulative (no.: 78 enterprises)
From $500,000 to $699,999
From $300,000 to $499,999
From $100,000 to $299,999
Less than $99,999
0
10
20
30
40
CORPORATION DE DÉVELOPPEMENT LE
DAUPHIN (CINÉMA BEAUBIEN) – 2007
7
Cumulative Data
Authorized Loans
Active loans
Investment
Highlights
102
No. of authorized projects
In 2011
90
28
No. of reinvestments
14
12
3
No. of authorized enterprises
88
78
25
$25,577,013
$23,962,589
$6,447,440
$284,553
$307,213
$242,492
Authorized investments
Avg. investment per project
77.7%
78.7%
79.9%
$193,557,640
$184,328,782
$36,961,222
% of REPC investment portfolio
Generated investments
1,841
1,536
249
$13,893
$15,606
$25,945
No. of jobs created and maintained
Avg. amount invested per job
Regional distribution representing the pattern of development of the social
economy in Québec’s regions
Goal for the next five years: bring Trust investments in social economy enterprises
up to more than $49 million!
We have set investment objectives according to regional territories to ensure coverage of all
of Québec’s regions:
Objectives
Amount
Territories
%
Authorized and active projects
Amount % No. %
Outlying territories 1
$9,579, 500
23%
$4,137,244
17%
21
27%
Central territories
$15,827,000
38%
$7,499,888
31%
27
35%
$4,998, 000
12%
$2,349,223
10%
7
9%
$11,245,500
27%
$9,976,234
42%
23
29%
100%
$23,962, 589
100%
78
100%
2
Major urban poles 3
Greater Montréal area
Reserve
Overall investment
4
$7,350,000
$49,000,000
1 (Bas-Saint-Laurent, Saguenay–Lac-Saint-Jean, Abitibi–Témiscaminque, Côte-Nord, Nord-du-Québec,
Gaspésie–Îles-de-la-Madeleine)
2 (Mauricie, Estrie, Chaudière-Appalaches, Lanaudière, Laurentides, Montérégie, Centre-du-Québec)
3 (Québec, Outaouais)
4 (Montréal, Laval)
ALIMENTATION COOP PORT-CARTIER – 2007
8
The table below presents Trust investments by administrative regions of Québec:
Administrative
regions
Authorized
amounts
Total
investments
No. of
enterprises
No. of
jobs
$1,453,037
$15,895,146
7
63
Saguenay–Lac-Saint-Jean (02)
$461,500
$2,633,666
4
59
Capitale-Nationale (03)
$101,523
$508,998
1
2
Mauricie (04)
$697,396
$5,969,347
4
211
Estrie (05)
$1,869,000
$7,942,040
6
274
Montréal (06)
$9,216,734
$75,780,783
20
255
Outaouais (07)
$2,247,700
$33,873,600
6
45
$627,113
$3,047,229
4
169
$1,295,094
$7,350,294
3
115
Gaspésie–Îles-de-la-Madeleine (11)
$300,500
$1,538,700
3
62
Chaudière–Appalaches (12)
$123,000
$372,045
1
36
Laval (13)
$759,500
$2,525,483
3
52
Lanaudière (14)
$280,000
$1,004,967
2
15
Laurentides (15)
$1,526,992
$7,601,905
4
48
Montérégie (16)
$2,066,500
$10,780,142
8
86
$937,000
$7,504,436
2
44
$23,962,589
$184,328,781
78
1,536
Bas-Saint-Laurent (01)
Abitibi–Témiscamingue (08)
Côte-Nord (09)
Centre-du-Québec (17)
TOTAL
Purchase Policy
Aware of the importance of promotion by example, the Chantier de l’économie sociale
Trust has applied the preferential purchasing principle with social economy enterprises.
Over the last year, the Trust acquired 83.2% of its goods and services from social
economy enterprises.
COOPÉRATIVE DES TRAVAILLEURS CHNC – 2007
9
1
The Trust is investing in…
All industries * :
Agrifood
Arts and culture
Retail
2011 ($6.5 M)
Cumulative ($24 M)
Environment
Forestry
Collective real estate
Recreation and tourism
Community media
Health
Business services
Personal services
ICT
In $1,000s >
$
0
$1,000 $2,000 $3, 000 $4,000 $5,000 $6,000 $7,000 $8,000
*Except enterprises:
• where most board members are appointed by the Québec government or a government minister;
• where employees must be appointed pursuant to the Public Service Act or where the social fund is government controlled;
• whose mission is to implement or administer a Québec government program, for instance, the Centres locaux de développement
(CLD), Carrefours Jeunesse Emploi (CJE) and the Conférences régionales des Élus (CRÉ);
• that employ more than 200 workers;
• childcare centres (CPEs), enterprises that provide home support, perinatal, educational and housing services;
crédit photo : Hélène Brown
• where the impact of their operation is the substitution of jobs held by, or that should be held by public sector employees.
ATELIERS CRÉATIFS – CENTRE-SUD / PLATEAU
MONT-ROYAL – PROJET : LE CHAT DES ARTISTES
– 2008
10
2
Exclusively in collective enterprises such as cooperatives and non-profit
organizations (NPO) ** :
Consumer
co-op
Producer
co-op
17%
15% (2011)
6%
4% (2011)
Worker
co-op
4%
3% (2011)
Solidarity
co-op
13%
20% (2011)
NPO
60%
(2011) 58%
2011 (centre)
Accumulated (contour)
3
In all stages of an enterprise’s development:
Consolidation (3%):
3 enterprises;
investments of $625,000
Consolidation (0%) (2011)
Expansion (53%):
43 enterprises;
investments of $12.7 M
Expansion (74%):
15 enterprises;
investments
of $4.8 M (2011)
Start-up (44%):
32 enterprises;
investments of $10.7 M
Start-up (26%):
13 enterprises;
investments
of $1.7 M (2011)
2011 (centre)
Accumulated (contour)
**where the majority of employees live in Québec and enterprise’s assets are less than one-hundred million dollars ($100 M) or
their capital is less than fifty million dollars ($50 M).
COOPÉRATIVE FUNÉRAIRE DE L’ESTRIE – 2008
11
ZOOM ON PROJECTS
“The Chantier de l’économie sociale Trust created their unique and innovative financial
products to enable collective entrepreneurs to start up or consolidate their projects.”
The following are projects that were financed by the Chantier Trust in 2011.
Centre d’amitié autochtone de Lanaudière
Industry: personal services
Region: Lanaudière (14)
City: Joliette
Status: NPO
Activities: Bring Aboriginal people together and improve all facets of life for women and men
living off community, in the Lanaudière region
Reasons for investment: Acquisition of the building now being rented
Trust Investment: $50,000 (REPC)
Total project cost: $273,067
No. of jobs: maintained = 4
The Centre d’amitié autochtone de Lanaudière
(CAAL) works to ensure a more harmonious
life for Aboriginal people living in an urban
environment and reduce the marginal nature
of their existence. They emphasize services
for youth and children who are often poorly
equipped for life in this type of environment. The
clientele is mainly Atikamekw from Manawan.
Minister Pierre Corbeil with
members of the CAAL
CAAL seeks to facilitate access to the labour
market for adults and assist young people
in achieving academic success. It is also
committed to improving access to decent
housing for all of its clientele and developing
services for preschoolers aimed at preserving
Aboriginal culture and values.
Investment in this project will make it possible
to stabilize premises-related costs and ensure
the centre’s ongoing presence in the region.
SITE HISTORIQUE MARITIME DE LA
POINTE-AU-PÈRE (PROJET ONONDAGA) – 2008
12
Coopérative funéraire de Saint‑Hyacinthe /
Résidence funéraire Maska
Industry: funeral services
Region: Montérégie (16)
City: Saint-Hyacinthe
Status: consumer co-op
Activities: Provide quality funeral services, at the lowest price possible, with a mutual support
and educational approach
Reasons for investment: Acquisition and transformation of a new building
Trust Investment: $615,000 (REPC–OPC)
Total project cost: $1,965,000
No. of jobs: maintained = 4, created = 1
Funeral cooperative in Saint-Hyacinthe that
runs under the name Résidence funéraire
Maska, had, until now, just one viewing room
and a columbarium. In the new building, it
will have two viewing rooms, a reception
area, a chapel, a columbarium, space for a
laboratory in the future, offices and service
areas. With this building, the co-op will be able
to provide the public with “all under-one-roof”
funeral services.
Former building
New building
With a constantly expanding member base
(1,620 members as at December 31, 2011), this
funeral cooperative is a wonderful example
of community organizing around a social
economy project that has a considerable
impact on the local economy.
COOPÉRATIVE DE THÉRAPIE POUR PERSONNES
DÉPENDANTES (CENTRE CAROLINE-ROY) – 2009
13
Coopérative Les Grands Rangs
Industry: agrifood
Region: Capitale-Nationale (03)
City: Québec City
Status: solidarity co-op
Activities: Fine foods shop in the Saint-Roch neighbourhood, providing ready-to-eat
dishes and 100% Québec produced artisanal agrifood products such as fine cheeses, fruits
and vegetables, fish, charcuterie and fine meats. Operation of an institutional/corporate
distribution network.
Reasons for investment: Start-up of a gourmet food shop through financing for leasehold
improvements, start-up costs, equipment and operating fund
Trust Investment: $101,523 (OPC)
Total project cost: $508,998
No. of jobs: created = 4
This solidarity cooperative, with 300
consumer-members and 60 producermembers, has a project that will generate
synergy, enabling food producers to sell
their products and consumers to have access
to them.
photo credit: Daniel Richard
The shop will be run by the cooperative,
and the kitchen, by its partner, the Café
du Clocher Penché. The Café will produce
prepared dishes on site using fresh products
that will be sold in the shop. The kitchen
will also be used to produce artisanal
products such as cheese and for research
and development. The food shop will also
have a fast food counter and a bistro that will
serve as a meeting and educational space
for members.
The storefront of the food shop & bistro
LE CABESTAN – 2009
14
Quilles Vallée d’Amqui
Industry: recreation and tourism
Region: Bas-Saint-Laurent (01)
City: Amqui
Status: NPO
Activities: Provide a new bowling centre in the city of Amqui and associated services to
meet the needs of roughly 350 bowlers in the region
Reasons for investment: Construct a building where people can practise the sport
of bowling
Trust Investment: $208,500 (REPC)
Total project cost: $905,000
No. of jobs: created = 4
This enterprise will provide a range of
services, including a bowling centre with
eight alleys, store (sale of shoes, bowling
balls, bowling shirts, etc.) and a bar.
Participants will also be able to practise
golf with a net. This is aimed at beginners
and players looking to stay in shape while
playing a game they love.
Quille Vallée d’Amqui Inc. already has 94
members and is driven by the community.
It will help to maintain community vitality,
generate major social and economic spinoffs
for the MRC, and create jobs.
crédit photo : Cyclopes
The bowling centre
CENTRE D’ARTISTES EN ARTS VISUELS DE
L’ABITIBI–TÉMISCAMINGUE (CAAVAT) – 2009
15
Société des arts technologiques (SAT)
Industry: arts and culture
Region: Montréal (06)
City: Montréal
Status: NPO
Activities: Transdisciplinary research, creation, production, training and exhibition centre
devoted to the development and conservation of digital culture
Reasons for investment: Add a new storey to the SAT building that will include a
hemisphere shaped screening room, the “Satosphère.”
Trust Investment: $550,000 (REPC)
Total project cost: $10,621,785
No. of jobs: maintained = 39
First 360 degree immersive theatre, with
an audio and video system dedicated to
innovative artistic, experimental, research
and training productions. Digital immersive
art work will be presented on a 180, 210 or
230 degree screen (vertical). Open to all
kinds of creators, the SAT’s transdisciplinary
approach encourages new content in a new
space for artists to explore.
Spectators in the Satosphère
The SAT is a vibrant example of a social
economy enterprise that is successfully
developing innovative and ambitious
projects, without losing sight of its mission
to respond to community needs and give
impetus to the technological arts community
in Montréal and beyond, through its national
and international partners.
A rendering of the completed project
COOPÉRATIVE DE SOLIDARITÉ DE SERVICES AUX
ORGANISMES D’HABITATION DE L’OUTAOUAIS
(ROHSCO) – 2010
16
Village en chanson de Petite-Vallée
Industry: arts and culture
Region: Gaspésie–Îles-de-la-Madeleine (11)
City: Petite-Vallée
Status: NPO
Activities: Management the Festival en chanson de Petite-Vallée song festival, Camp
chanson and the Théâtre de la Vieille Forge. Main focus of activities is teaching upcoming
generations about the Francophone song repertoire, production of professional concerts,
production of semi-professional shows and organization of a Québec-wide contest.
Reasons for investment: Infrastructure renovations, purchase of new equipment,
improvement of operating fund, and several marketing activities
Trust Investment: $100,000 (OPC)
Total project cost: $799,550
No. of jobs: maintained = 22
The Trust investment will allow the
enterprise to pursue its job creation
objectives and develop regional interest in
the arts, especially performing arts, through
improved facilities and equipment.
This project demonstrates the extent to
which social economy enterprises can
be significant economic engines for their
regions. Village en chanson—especially its
Festival en chanson de Petite-Vallée—is a
key event for promoting and developing
culture in the region. Over the years, this
festival has developed into an exceptional
showcase for Petite-Vallée, achieving
widespread notoriety.
The Village’s personnel
The Village site
COOPÉRATIVE POMICOLE DU LAC DES DEUX
MONTAGNES – 2010
17
TRUST INVESTMENTS
SINCE ITS INCEPTION
Name of
enterprise
Year
authorized
Sector
Total project
cost
Jobs maintained and
created
Les Serres coopératives de
Guyenne
2007 &
2009
Agrifood
$300,000
REPC-OPC
$1,825,500
155
Radio Boréale
2009
Media &
communications
$110,113
OPC
$346,113
4
CLD de l’Abitibi, CDC d’Amos,
ARCQ
Centre d'artistes en
arts visuels de l'Abitibi–
Témiscamingue (CAAVAT)
2009
Arts & culture
$110,000
REPC-OPC
$515,000
6
CLD de Rouyn-Noranda
Recyclo-Nord
2011
Environment
$107,000
REPC-OPC
$360, 616
4
CLD d'Abitibi-Ouest, SADC
Abitibi-Ouest
Corporation de
développement touristique
de Saint-Juste-du-Lac
(Camping le sous bois de
l'Anse)
2008
Recreation &
tourism
$100,108
OPC
$477,108
6
CLD de la MRC de
Témiscouata
Coopérative de solidarité La
Co.Mode Verte
2008 &
2011
Environment
$135,151
REPC-OPC
$839,562
8
CLD de la MRC de Matane,
CDR Bas-Saint-Laurent/
Côte-Nord
Site historique maritime de
la Pointe-au-Père (projet
Onondaga)
2008
Recreation &
tourism
$250,000
OPC
$3,181,052
18
CLD Rimouski-Neigette
Le Cabestan
2009
Agrifood
$50,000
OPC
$276,600
5
CLD de Matane, CDR du BasSaint-Laurent
Station touristique du MontCitadelle
2010
Recreation &
tourism
$350,000
REPC
$10,883,700
23
CLD de la MRC de
Témiscouata
Coopérative de
développement régional
Bas-Saint-Laurent/CôteNord
2011
Collective real
estate
$309,278
REPC
$1,259,278
7
CDR Bas-Saint-Laurent/
Côte-Nord
Quilles Vallée d'Amqui
2011
Recreation &
tourism
$208,500
REPC
$905,000
4
CLD de la Matapédia
ÉcoMaris (projet Grand Cerf
volant)
2011
Personal services
$300,000
REPC-OPC
$1,253 898
10
CLD de Rimouski-Neigette
2011
Agrifood
$508,998
4
CLD de Québec
Légendes Fantastiques
2007
Arts & culture
$412,000
REPC-OPC
$3,150,733
18
SDE de Drummondville (CLD
Drummond)
Centre d'interprétation sur la
biodiversité du Québec
2007
Environment
$381,969
REPC-OPC
$1,295,040
9
CLD de la MRC de Bécancour,
SADC Nicolet-Bécancour
Service funéraire coopératif
Drummond
2007 &
2008
Personal services
$525,000
REPC
$4,353,703
26
SDE de Drummondville (CLD
Drummond), Fédération des
coopératives funéraires du
Québec
Village Québécois d’Antan
2008
Recreation &
tourism
$340,455
REPC
$1,369,005
58
SDE de Drummondville (CLD
Drummond)
2011
Recreation &
tourism
$123,000
REPC-OPC
$372,045
36
SDE de la région de Thetford
(CLD), CDR Québec–
Appalaches
Alimentation Coop PortCartier
2007
Retail business
$750,000
REPC
$5,685,000
40
CLD de la MRC de SeptRivières, CDE de la région
Port-Cartier, Fédération des
coopératives alimentaires du
Québec
Corporation touristique
de Bergeronnes (Camping
Bon-Désir)
2008
Recreation &
tourism
$155,000
OPC
$465,910
17
CLD de la Haute-Côte-Nord
Ressource de réinsertion
Le Phare
2009
Environment
$390,094
REPC-OPC
$1,199,384
58
insertion:
30
Coopérative de l'Université
de Sherbrooke
2007
Retail business
$250,000
OPC
$1,450,000
30
Fédération des coopératives
en milieu scolaire
Coopérative brassicole de
l'autre monde
2008
Agrifood
$169,000
OPC
$510,000
5
CDR de l'Estrie, CDEC de
Sherbrooke
Coopérative funéraire de
l'Estrie
2008
Personal services
$450,000
REPC
$2,051,000
64
CLD du Haut Saint-François,
CDR de l’Estrie, Fédération
des coopératives funéraires
du Québec
Jouvence, base de plein
air inc.
2008 &
2009
Recreation &
tourism
$750,000
REPC
$2,715,000
156
CLD de la MRC de
Memphrémagog
Abitibi–Témiscamingue (08)
$101,523
Centre-du-Québec (17)
$101,523
OPC
$1,659,424
Chaudière–Appalaches (12)
$123,000
Côte-Nord (09)
$1,295,094
Estrie (05)
18
CLD d'Abitibi-Ouest, CDR
Abitibi–Témiscamingue,
SADC Abitibi-Ouest
$1,703,037
Capitale-Nationale (03)
Coopérative de solidarité
récréotouristique du Mont
Adstock
Local/sectoral partners
$627,113
Bas-Saint-Laurent (01)
Coopérative de solidarité –
Les Grands Rangs
Trust
financing
CLD de la MRC de SeptRivières, CQEA
$1,869,000
Name of
enterprise
Year
authorized
Sector
Trust
financing
Total project
cost
Coopérative de thérapie
pour personnes
dépendantes (Centre
Caroline Roy)
2009
Health
$50,000
REPC
$530,000
11
CLD du Granit, CDR de l’Estrie
Manoir de Novo
2011
Personal services
$200,000
OPC
$686,040
8
CDEC de Sherbrooke
$95,000
OPC
$271,650
10
CLD de la MRC de
Bonaventure
$105,500
REPC-OPC
$467,500
30
SADC Baie-des-Chaleurs
$799,550
22
CLD de la Côte de Gaspé
Gaspésie–îles-de-la-Madeleine (11)
Jobs maintained and
created
Local/sectoral partners
$300,500
Coopératives des
travailleurs CHNC
2007
Media &
communications
Coopérative Nature
Tourisme Connecté à la
Terre
2010
Ressources
naturelles
Village en chanson de PetiteVallée
2011
Arts & culture
$100,000
OPC
Assemblage et sérigraphie
Les Moulins
2010
Business services
$230,000
REPC
$731,900
11
insertion:
30
Centre d'amitié autochtone
Lanaudière
2011
Personal services
$50,000
REPC
$273,067
4
—
Sport Zone
2010
Recreation &
tourism
$85,900
OPC
$245,427
4
CLD des Pays-d'en-Haut
Coopérative pomicole du
Lac des Deux-Montagnes
2010 &
2011
Agrifood
$1,250,000
REPC-OPC
$6,620,000
36
CLD de la MRC des DeuxMontagnes, CDR Outaouais–
Laurentides
Parc régional du poisson
blanc
2011
Recreation &
tourism
$113,092
REPC-OPC
$425,978
5
CLD de la MRC d'AntoineLabelle, SADC d'AntoineLabelle
Coopérative de service de
proximité Laurel Station
2011
Retail business
$78,000
REPC-OPC
$310,500
3
CLD des Pays-d'en-Haut, CDR
Outaouais–Laurentides
Bonjour Aujourd'hui et
Après
2008
Personal services
$160,000
REPC
$533,795
16
insertion:
4
CLD de Laval
Centre d'entraide et de
services communautaires
du Marigot
2009
Personal services
$152,500
REPC
$576,925
21
CLD de Laval
Centre de Services
Communautaires et d’aide
au Maintien de l’Autonomie
(Scama)
2011
Personal services
$447,000
REPC-OPC
$1,414,763
15
CLD de Laval
Société Immobilière
Communautaire des
Premiers Quartiers
(Auberge Internationale de
Trois-Rivières)
2008
Recreation &
tourism
$59,000
REPC-OPC
$224,670
3
IDE Trois-Rivières, ECOFCDEC de Trois-Rivières
Groupe RCM inc.
2009
Environment
$250,000
OPC
$3,794,606
194
CLD de la MRC de
Maskinongé, CQEA
Coopérative de solidarité
Collecte, transport,
valorisation Mauricie
2009
Environment
$180,000
OPC
$518,800
14
CLD Shawinigan, SADC
Centre-de-la-Mauricie
Coopérative de solidarité
multiservices Montauban
2011
Collective real
estate
$208,396
REPC
$1,431,271
—
CLD Mékinac, CDR Centre-duQuébec/Mauricie
Recyclo-Centre
2007 &
2008
Environment
$350,000
REPC
$1,629,624
22
insertion:
26
Coopérative de solidarité, le
magasin général de SaintAntoine-sur-Richelieu
2010
Retail business
$185,000
REPC-OPC
$657,000
6
CLD de la Vallée-du-Richelieu,
Fédération des coopératives
d'alimentation du Québec
Coopérative funéraire de la
rive-sud de Montréal
2011
Personal services
$225,000
REPC
$2,957,000
27
CLD de l'agglomération de
Longueuil, Fédération des
coopératives funéraires du
Québec
Centre d'Aide et de
Réhabilitation pour
Alcooliques et Toxicomanes
(C.A.R.A.T.)
2011
Health
$70,000
REPC
$367,000
7
Conseil économique du HautRichelieu (CLD)
Coopérative de service
Internet Pierre-De Saurel
2011
ICT
$50,000
OPC
$881,546
4
CLD de Pierre-de-Saurel
Coopérative de solidarité Au
Cœur du Village
2011
Personal services
$490,000
REPC-OPC
$1,822,972
12
CLD Haute-Yamaska, CDR
Montérégie
Maison de la musique de
Sorel-Tracy
2011
Arts & culture
$81,500
REPC
$500,000
3
CLD de Pierre-de-Saurel,
SADC Pierre-De Saurel
Coopérative funéraire de
Saint-Hyacinthe / Résidence
funéraire Maska
2011
Personal services
$615,000
REPC-OPC
$1,965,000
5
CLD Les Maskoutains,
Fédération des coopératives
funéraires du Québec
Lanaudière (14)
$280,000
Laurentides (15)
CLD économique des Moulins
$1,526,992
Laval (13)
$759,500
Mauricie (04)
$697,396
Montérégie (16)
$2,066,500
CLD du Bas-Richelieu
19
Name of
enterprise
Year
authorized
Sector
Total project
cost
Jobs maintained and
created
Corporation de
développement Le Dauphin
(Cinéma Beaubien)
2007 &
2009
Arts & culture
$781,373
REPC-OPC
$2,741,557
25
CDEC Rosemont–Petite-Patrie
Les Boutiques Chic Chez
Vous (Collection Innova)
2007
Retail business
$150,000
OPC
$450,000
10
CLD de Longueuil, CDEST
Société des fêtes et festivals
du Québec (Festivals et
événements Québec)
2007
Recreation &
tourism
$250,000
OPC
$572,750
28
—
Ateliers Créatifs – Centresud / Plateau Mont-Royal (Le
Chat des Artistes)
2008
Collective real
estate
$686,542
REPC
$2,794,203
3
CDEC Centre-sud/Plateau
Mont-Royal
Coopérative de solidarité
Développement Jarry /2e
2008
Collective real
estate
$715,000
REPC
$2,318,292
—
CDEC Centre Nord, CDR
Montréal–Laval
Coopérative de solidarité en
environnement la Maison
Verte
2008
Retail business
$95,000
REPC
$593,321
7
CDR Montréal–Laval, CDEC
Côte-des-Neiges/NotreDame-de-Grâce
Coopérative funéraire de
l'ile de Montréal
2008,
2010 &
2011
Personal services
$805,000
REPC-OPC
$2,969,500
9
CDEST, Fédération des
coopératives funéraires du
Québec
TAZ, Centre
Multidisciplinaire et
Communautaire
2009
Recreation &
tourism
$950,000
REPC-OPC
$13,609,938
37
CDEC Centre-Nord
Coopérative de solidarité
Tibet Libre (Bistro
Tributerre)
2009
Retail business
$100,000
OPC
$330,000
10
CDEC Centre-Nord
École de percussions du
Québec (Samajam)
2009,
2010 &
2011
Arts & culture
$185,000
OPC
$519,000
14
CDEST
Regroupement de Lachine
2009
Collective real
estate
$204,000
REPC
$1,212,500
—
CLD de Lachine, CDEC
Lasalle–Lachine
Maison du développement
durable
2010
Collective real
estate
$1,500,000
REPC
$26,590,000
1
SDE Ville-Marie (CLD)
Vidéographe
2010
Arts & culture
$100,000
OPC
$375,000
15
—
Centre de services
communautaire du
Monastère
2010
Collective real
estate
$140,000
OPC
$413,591
3
CDEC Centre-Sud/Plateau
Mont-Royal
Le Refuge des jeunes de
Montréal
2010
Personal services
$260,000
REPC
$1,546,570
25
—
Coopérative de services
musicaux Le St-Phonic
2010
Arts & culture
$275,319
REPC
$2,922,589
1
CDEC Centre-Sud/Plateau
Mont-Royal
Commerce Solidaire
Québec
2011
Business services
$157,500
OPC
$450,000
1
—
Société des arts
technologiques
2011
Arts & culture
$550,000
REPC
$10,621,785
39
SDE Ville-Marie (CLD)
Carrefour des 6-12 ans de
Pierrefonds-Est
2011
Personal services
$150,000
REPC
$556,587
15
CLD de l'Ouest de l'Île / West
Island
Groupe Paradoxe
2011
Arts & culture
$1,185,000
REPC
$4,249,600
12
RESO
Coopérative de solidarité
de l’Auberge de jeunesse
Oueskarini
2009 &
2010
Recreation &
tourism
$271,500
REPC-OPC
$914,000
4
CLD Papineau, CDR
Outaouais–Laurentides,
RCJEQ
Vision Multi Sport
Outaouais
2010
Recreation &
tourism
$1,500,000
REPC
$30,000,000
14
Développement économique
– CLD Gatineau
Coopérative de solidarité
de services aux organismes
d'habitation de l'Outaouais
(ROHSCO)
2010
Business services
$95,000
REPC
$361,652
9
insertion:
30
Développement économique
– CLD Gatineau, CDR
Outaouais–Laurentides
Radio communautaire F.M.
de la Haute-Gatineau inc.
2010
Media &
communications
$241,200
REPC-OPC
$1,806,348
14
CLD de la Vallée-de-laGatineau, ARCQ
Centre d'exposition
L'Imagier
2010
Arts & culture
$65,000
REPC
$340,000
3
CLD de la Vallée-de-laGatineau
Coopérative de solidarité
Place du Marché
2011
Agrifood
$75,000
REPC
$451,600
1
CLD Papineau, CDR
Outaouais–Laurentides,
SADC de Papineau
$200,000
REPC-OPC
$610,000
23
Fédération des coopératives
funéraires du Québec
Montréal (06)
Trust
financing
Local/sectoral partners
$9,216,734
Outaouais (07)
$2,247,700
Saguenay–Lac-Saint-Jean (02)
$461,500
Coopérative funéraire de
Chicoutimi
2009 &
2010
Personal services
Coopérative de solidarité
Vision Entrepreneuriale
Régionale Touristique et
Environnementale (VERTE)
2009
Recreation &
tourism
$100,000
OPC
$435,700
12
CLD de la Ville de Saguenay
Société récréo-touristique
Desbiens inc.
2010
Recreation &
tourism
$94,000
REPC
$1,322,966
21
CLD Lac-Saint-Jean-Est
Fédération des coopératives
funéraires du Québec
2011
Personal services
$67,500
REPC
$265,000
3
CLD de la Ville de Saguenay
20
Feel free to contact us regarding a financing
request or for more information:
Chantier de l’économie sociale Trust
4200 rue Adam, Montréal, Québec H1V 1S9
Tel: 514 256-0992
Toll-free: 1 877 350-0992
Fax: 514 256-0861
info@fiducieduchantier.qc.ca
www.fiducieduchantier.qc.ca
The Chantier de l’économie sociale Trust has mandated the Réseau
d’investissement social du Québec (RISQ) to receive and analyze loan
applications that are then presented to the Chantier de l’économie sociale
Trust’s Investment Committee.
To contact RISQ:
Réseau d’investissement social du Québec (RISQ)
4200 rue Adam, Montréal, Québec H1V 1S9
Tel: 514 866-2355
This initiative was made possible thanks in particular to the financial contribution
of Canada Economic Development.
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