S-11.01 - Act respecting the Société de développement industriel du Québec

Section 2 Disposition versions

1987-03-01

2. The object of the Corporation is to promote, in accordance with this Act, economic development in Québec, particularly by encouraging the development of businesses, the growth of exports, research and the development of new techniques.

1971, c. 64, s. 2; 1974, c. 56, s. 1; 1979, c. 13, s. 1; 1982, c. 39, s. 2; 1986, c. 110, s. 2.

1982-06-23

2. The object of the Corporation is to administer financial assistance programs to accelerate economic development in Québec, particularly by promoting the development of leading firms equipped with modern technology, the growth of exports and activities in research and development of new techniques.

The Corporation must ascertain that the assistance granted generates significant economic benefits in Québec, particularly in job creation.

1971, c. 64, s. 2; 1974, c. 56, s. 1; 1979, c. 13, s. 1; 1982, c. 39, s. 2.

1979-06-22

2. Financial assistance may, in accordance with the regulations, be granted to a business which

(a)  makes investment in Québec in a dynamic sector of manufacturing which employs modern technology and enjoys high productivity, including investment in the further processing of Québec natural resources;

(b)  acquires property or shares of a business, amalgamates with one or more other businesses, or groups together the whole or a part of the resources or interests of other businesses in order to become more competitive and increase its share of the market, if that acquisition, amalgamation or grouping together has an incidence in the manufacturing sector;

(c)  makes investment in Québec in a sector of manufacturing and is able to demonstrate that it has higher than average potential for development in that sector;

(d)  operates a distribution network or markets products manufactured mainly in Québec by one or more manufacturing businesses and is controlled by one or more of these businesses;

(e)  contributes toward the export of products manufactured in Québec, thereby promoting the development of the manufacturing sector;

(f)  operates in the manufacturing sector and is unable to obtain financial assistance otherwise at reasonable rates and on reasonable conditions.

1971, c. 64, s. 2; 1974, c. 56, s. 1; 1979, c. 13, s. 1.

1977-12-31

2. The Minister shall be entrusted with stimulating the economic development and the transformation of the industrial structure of Québec by promoting better interrelations in business activities, increased participation of the population of Québec in economic activities, and the creation of new jobs; for such purposes, he shall grant the necessary financial assistance to manufacturing businesses which, in accordance with the criteria prescribed by the regulations,

(a)  invest in Québec in making use of advanced technology to manufacture a newly-conceived product, a product not yet manufactured in Québec or a product whose production on a competitive basis in Québec is insufficient in relation to domestic or international markets which offer prospects of continuous, significant growth;

(b)  consolidate their means of production or pool their operations in whole or in part so as to become more competitive and increase their share of the market and for such purposes, amalgamate with one another, acquire other businesses or their means of production, or pool their resources or interests in any other manner;

(c)  although profitable, are unable to obtain financial assistance otherwise at reasonable rates and on reasonable conditions, and would contribute more effectively to the economic development of Québec, or any of its regions, if they obtained financial assistance.

The Minister shall also be entrusted with granting for the purposes above mentioned financial assistance to manufacturing or commercial businesses which, in accordance with the regulations, export products manufactured in Québec.

1971, c. 64, s. 2; 1974, c. 56, s. 1.