NEWS FROM RIGHT HERE

September 27, 2024

Recap – Budget General Assembly (BGA) 2025

On September 25, the SDC District Central held its 2025 BGA, an important annual event for the organization. SDC members have the privilege of voting on the annual budget proposed by their peers serving on the Board of Directors.
Here are the highlights:

The latest impact report produced by the SDC shows that the results are very good, and that the strategies are working to develop the area and its businesses;

Laetitia Bedout (centre) explique les faits saillants du budget

Laetitia Bedout (center) explains the budget highlights

To explain the 2025 budget, SDC treasurer Laetitia Bedout explained the variances compared to the 2024 forecasts;
The largest variance is explained by revenues and expenses from the Fonds signature métropole for the deployment of phase 3 of the District Central Signature Action Plan;
$800,000 will come from public funds (grants);
Stable since 2020, membership dues will increase at a reasonable rate in 2025:
- Minimum : from $75 to $86.47 for small premises
- Maximum : from $900 to $1037.70 for large surface areas
The SDC is working on several financial levers to ensure the scope and sustainability of its actions, in particular on increasing the financial participation of property owners;
The members of the assembly finally adopted an operating budget of $2,018,855.14.

Afin de faire rayonner les pôles d’affaires du District Central, la SDC s’est associée cette année au Festival M.A.D., mode, art et divertissement, en août dernier.

To raise the profile of District Central's business hubs, this year the SDC partnered with the M.A.D. Festival - fashion, art and entertainment - last August.

2024 HIGHLIGHTS
Board President Delia De Gasperis took the opportunity to review 2024's successes to date. In particular:

A grant of $1 million over 3 years from the Fonds signature métropole
District Central's participation in the M.A.D. Festival, showcasing local designers in a photo exhibit.
The creation of two new murals on the territory
The 250 business connections through the Connector of Opportunities project
The new discovery breakfast meetings to welcome businesses to the neighborhood
The mobilization around the Special Urban Planning Program (PPU) for District Central

2025 PROJECTS
Major projects will continue to be launched in 2025. These include:

Launch of the communication platform for businesses
Deployment of phase 3 of District Central's Signature Action Plan
The return of La Prairie Louvain and District Central's ephemeral space, Esplanade Louvain
Networking events for businesses

NETWORKING

The BGA was followed by an opportunity to network with the businesses in attendance. Enhanced by delicious pizzas from Restaurant Giulietta at Marché Central, this was a great opportunity to network with the District Central business community.

The President of the Board of Directors, Delia De Gasperis, commended the professionalism and dedication of the SDC team, who approached each project with seriousness and commitment, playing a key role in the development of District Central.

THANK YOU!

The Board of Directors would like to thank you for sharing in our ambitions to breathe new life into our legendary district, raise its profile and propel it to the top of the Montreal business scene!