PROJECT SELECTION CRITERIA. The project must be pertinent and realistic; - The entrepreneur must own at least 25% of the business shares; - The entrepreneur must prove that he has obtained all the necessary financing; - The project must not create direct competition with Pontiac businesses; - The entrepreneur must not have defaulted on paying government debts and must be free of any bankruptcy judgement; - If the entrepreneur has already received funding from the BSP, the first project must be completed according to program standards; - The project must demonstrate economic benefits and/or job creation; - The business support project must contribute to the sustainability and long-term viability of the company. The Investment Committee has the right to recommend an investment in a project, or render an expense eligible, if it judges that the project demonstrates that it will create an impact on: economic diversification, economic benefits for the region or job creation.
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