{"id":11188,"date":"2021-06-01T00:00:00","date_gmt":"2021-06-01T04:00:00","guid":{"rendered":"https:\/\/evol.wp.vortexdev.com\/?post_type=pressroom-post&p=11188"},"modified":"2023-08-30T15:37:48","modified_gmt":"2023-08-30T19:37:48","slug":"femmessor-wields-a-budget-of-52-5-million-to-support-inclusive-entrepreneurship-with-an-impact","status":"publish","type":"pressroom-post","link":"https:\/\/evol.wp.vortexdev.com\/en\/press-room\/femmessor-wields-a-budget-of-52-5-million-to-support-inclusive-entrepreneurship-with-an-impact\/","title":{"rendered":"Femmessor wields a budget of $52.5 million to support inclusive entrepreneurship with an impact"},"content":{"rendered":"

Montr\u00e9al, June 1, 2021.<\/strong> <\/strong>Femmessor today announced a brand-new funding envelope of $52.5 million to support businesses with inclusive ownership that have a positive impact on society. The announcement was made this morning by S\u00e9vrine Labelle, CEO of Femmessor, in the company of the Minister of Economy and Innovation, Pierre Fitzgibbon, during a press conference held alongside Femmessor\u2019s Web Entrepreneurial Event. <\/p>

Thanks to a partnership with the Government of Qu\u00e9bec, through its agent Investissement Qu\u00e9bec, National Bank, Business Development Bank of (BDC), the Fonds de solidarit\u00e9 FTQ, and Fondaction, Femmessor will facilitate access to over $52.5 million in the form of conventional loans to support businesses with inclusive, diverse ownership that generate positive social and environmental impacts aligned with the UN\u2019s sustainable development goals (SDG).<\/p>

\u201cActive in the development of entrepreneurship among women for over 25 years, Femmessor is pursuing its ambition to transform the economy to make it more inclusive, equitable, and sustainable,\u201d said S\u00e9vrine Labelle, CEO of Femmessor. \u201cWe are honoured to receive this renewed sign of confidence from the Government of Qu\u00e9bec and all our partners. We are pursuing our mission with commitment and conviction and using our expertise to benefit entrepreneurs who are still underrepresented in the entrepreneurial ecosystem, but who have the potential to have a positive impact on our society.\u201d<\/p>

Femmessor, which operates in the 17 regions of Qu\u00e9bec, will now use its expertise in mentoring and financing to benefit entrepreneurs seeking equity: women entrepreneurs, racialized entrepreneurs, immigrant entrepreneurs, entrepreneurs who are members of First Nations or Inuit communities, entrepreneurs living with disabilities, as well as entrepreneurs from the LGBTQ2+ community. <\/p>

\u201cWith this support, new clienteles targeted by Femmessor will be able to fulfil their potential and be part of the economic relaunch, to become part of a true reflection of our society,\u201d said Dani\u00e8le Henkel, Femmessor\u2019s new spokesperson. \u201cI am honoured to lend my voice to an organization that has amply proven over time the inestimable value of its contribution to entrepreneurial success. As a businesswoman and immigrant, I am delighted to contribute to the fulfilment of a mission I care about and to work with a team that has reinvented itself to make a difference to the community.\u201d<\/p>

Femmessor is financially supported by the Minist\u00e8re de l\u2019\u00c9conomie, de l\u2019Innovation et de l\u2019\u00c9nergie (MEIE) and the Government of Canada as part of its Women Entrepreneurship Strategy. It is dedicated to developing inclusive entrepreneurship, and its mission is to contribute directly to the creation, growth, and acquisition of businesses that have a positive impact on society.\u00a0<\/p>

Since its first public financing in 2001, Femmessor has granted $31 million to 1,200 businesses owned by women, which has generated $185 million in investment impacts and created and maintained 6,035 jobs. Over the years, 75,000 entrepreneurs have been affected by Femmessor\u2019s actions.<\/p>

Investissement Qu\u00e9bec quote<\/em> <\/p>

\u201cInvestissement Qu\u00e9bec is proud to partner with Femmessor to foster diversity, access to capital, and the development of businesses owned or managed by women across Qu\u00e9bec. Entrepreneurs need access to financing and support to take their rightful place in the Qu\u00e9bec economy.\u201d \u2013 Guy LeBlanc, President and CEO, Investissement Qu\u00e9bec.<\/p>

National Bank quote<\/em><\/p>

\u201cAt National Bank, inclusion and diversity are fundamental values that drive our efforts. We are proud to contribute to this new budget envelope and to join forces with Femmessor to ensure a more inclusive, sustainable, economic relaunch.\u201d \u2013 Genevi\u00e8ve Turbide-Potvin, Vice-President, Corporate Banking \u2013 Transactional Solutions and Financing at National Bank.<\/p>

BDC quote<\/em><\/p>

\u201cDiversity and inclusion are an integral part of our business strategy and values. Over the years, we have introduced initiatives to better support entrepreneurs that are underrepresented in the economy. We are pleased to contribute to this investment budget and pursue our partnership with Femmessor.\u201d \u2013 Chantal R\u00e9my, Senior Vice-President, Qu\u00e9bec and Atlantic and Advisory Services, BDC.<\/p>

Fonds de solidarit\u00e9 FTQ quote<\/em><\/p>

\u201cWhether to emerge from the pandemic, fight climate change, or help businesses make a technological shift, there are many challenges, and just as many opportunities. We will need everyone for the relaunch. This is why I am proud that the Fonds de solidarit\u00e9 FTQ is supporting Femmessor in expanding its sphere of operation to better support businesses with inclusive ownership that have a positive impact on society. Congratulations to S\u00e9vrine Labelle and the Femmessor team for the vision and perseverance that made this initiative possible!\u201d \u2013 Janie C. B\u00e9\u00efque, President and CEO, Fonds de solidarit\u00e9 FTQ.<\/p>

Fondaction quote<\/em><\/p>

\u201cFondaction is proud to have supported Femmessor for the past 20 years and to have contributed to the affirmation of entrepreneurship among women. The pandemic has shown with even greater acuity that not everyone has the same opportunity. It is cause for celebration that the new resources available to Femmessor and the expansion of its mission will enable it to participate further in more inclusive economic development.\u201d \u2013 Genevi\u00e8ve Morin, President and CEO, Fondaction.<\/p>

\u201430\u2014<\/p>

Source:<\/strong><\/p>

V\u00e9ronique Dargis
1 844 523-7767, ext. 213
v.dargis@evol.ca<\/a><\/p>

For more information about Evol: evol.ca<\/a><\/p>

Download PDF<\/a><\/div><\/div>
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June 1, 2021.\u00a0<\/strong>Femmessor today announced a brand-new funding envelope of $52.5 million to support businesses with inclusive ownership that have a positive impact on society.<\/p>\n","protected":false},"featured_media":11207,"template":"","pressroom-post-category":[175],"class_list":["post-11188","pressroom-post","type-pressroom-post","status-publish","has-post-thumbnail","hentry","pressroom-post-category-communique"],"acf":[],"yoast_head":"\nFemmessor wields a budget of $52.5 million to support inclusive entrepreneurship with an impact - evol<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Femmessor wields a budget of $52.5 million to support inclusive entrepreneurship with an impact\" \/>\n<meta property=\"og:description\" content=\"June 1, 2021.\u00a0Femmessor today announced a brand-new funding envelope of $52.5 million to support businesses with inclusive ownership that have a positive impact on society.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/evol.wp.vortexdev.com\/en\/press-room\/femmessor-wields-a-budget-of-52-5-million-to-support-inclusive-entrepreneurship-with-an-impact\/\" \/>\n<meta property=\"og:site_name\" content=\"evol\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/EvolQC\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-30T19:37:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/evol.wp.vortexdev.com\/wp-content\/uploads\/2021\/12\/press-release.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1533\" \/>\n\t<meta property=\"og:image:height\" content=\"1022\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@evolfinancement\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/evol.wp.vortexdev.com\/en\/press-room\/femmessor-wields-a-budget-of-52-5-million-to-support-inclusive-entrepreneurship-with-an-impact\/\",\"url\":\"https:\/\/evol.wp.vortexdev.com\/en\/press-room\/femmessor-wields-a-budget-of-52-5-million-to-support-inclusive-entrepreneurship-with-an-impact\/\",\"name\":\"Femmessor wields a budget of $52.5 million to support inclusive entrepreneurship with an impact - 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