The Fédération des travailleurs et travailleuses du Québec (FTQ) started after the Quebec experienced a severe recession in the early 1980s. The idea and goal stemmed from a desire to assist Quebec’s economy. The vision became a reality in 1983 with the creation of the Fonds de solidarité des travailleurs du Québec. The QFL Solidarity Fund is a development capital fund that invests in small and medium-sized businesses to help produce and preserve jobs in the region. Its goal as a labour-sponsored investment fund is to provide a fair return to its owners while striking a balance.
FTQ Foundation initiatives typically involve exports, natural resources, aviation, agri-food, timber, pulp and paper, chemicals, building and construction materials, transportation equipment, and cars. It also invests in mining and exploration, the social economy, textiles, plastics, life sciences, business services, telecommunications, distribution, and consumer goods. It has grown into information, resource, and contact center for Quebec businesses, as well as an important player in the Quebec economy.
Fonds de Solidarite FTQ has also become a real estate developer and investor with a diverse portfolio of properties that includes mixed-use, residential, office, commercial, and industrial properties. It has put aside a portion of its funds for social, communal, and affordable housing projects. In accordance with their Corporate Social Responsibility (CSR) policy framework, which was established in June 2021, they promote environmentally friendly projects pursuing LEED® and WELLTM certification. They draw on the experience of a strong regional network formed of 17 Fonds régionaux de solidarité FTQ to invest in places with great economic potential (regional funds).
All of this is made possible by their trust in the expertise of their team of specialist professionals who work with their partner-developers to establish projects, conserve assets, and manage them throughout the partnership. They employ their expertise in finance, accounting, market analysis, legal, project management, asset management, marketing, and property management to maximize the success of the projects in which they invest. Source: Fonds de Solidarité FTQ