Business Development

Economic Development Incentive

Amount:

No Fixed Amount

Type of Program:

Grants

Description:

The purpose of the Economic Development Incentive is to provide the City with an additional tool to support and attract new development to the City of Miramichi. Amount of the available incentive shall be calculated using the declared cost of infrastructure construction as stated on the approved building permit issued prior to construction.

Comments on Funding:

The maximum allowable incentive will be calculated as 5% of the infrastructure investment amortized over 5 years.
The first installment of the economic development incentive shall be payable as of December 1st of the calendar year project completion and subsequent installments shall be issued on December 1st of each subsequent year of the agreement.

When It Ends:

Ongoing

Deadline:

Rolling Deadline

Eligibility:

Applicants must:

be companies working in one of the target sectors: aerospace and defense, manufacturing and value-added manufacturing, distribution centres, energy, valued-added food processing, information and communications technologies, Cannabis related companies, hotel and conference development, and other facilities as determined by the City of Miramichi.
build a new construction or value-added expansion to an existing facility that once complete will increase the value of the proposed property,
have all applicable government sector related approvals and permits,
have formal businesses planning outlining company goals and objectives including marketing plans and projected goals for employment creation and financial investment,
have an approved building permit issued by the GMRSC-Planning Services,
be actively involved in the industry as outlined in the business plan (rental/investment properties are not eligible),
have property ownership within the City of Miramichi.

Application Steps:

Applicants must:

contact the Department of Economic Development and Tourism to be assigned a file number and to be appointed a development officer,

schedule a meeting with development officer to review proposal and to determine eligibility,

provide the necessary documentations and complete the application forms as required,

Documentation Needed:

Applicants must submit:

the application form,
all applicable government sector related approvals and permits,
a formal business planning outlining company goals and objectives including marketing plans,
the projected goals for employment creation and financial investment,
the approved building permit issued by the GMRSC-Planning Services.

Upon acceptance into the incentive program the company shall be required to enter a contractual agreement with the City of Miramichi outlining the project and the terms and conditions of the incentive acceptance.

Other Things to Note:

No other details available.

Program Contact:

City of Miramichi - Economic Development Incentive

Micro Loan

Amount:

$5,000.00

Type of Program:

Loan

Description:

The Micro Loan provides up to $5,000 in financial assistance to new or existing new or existing Black-owned business in Nova Scotia, Prince Edward Island, New Brunswick, and Newfoundland.

Comments on Funding:

Funding is up to $5,000.
There is a $100 administration fee. The first year is interest-free

When It Ends:

Ongoing

Deadline:

Rolling Deadline

Eligibility:

The applicant must:

be a new or existing Black-owned business in Nova Scotia, Prince Edward Island, New Brunswick, and Newfoundland.
be a registered proprietorship, partnership or limited company,
have a viable business plan, with two year cash flow projections, the ability to repay the loan and a suitable management strategy.

Application Steps:

Applicants must contact BBI for further details.

Documentation Needed:

No specific documentation has been identified.

Other Things to Note:

No other details available.

Program Contact:

Financial Assistance - BBI

Term Loan

Amount:

$25,000.00

Type of Program:

Loan

Description:

The Term Loan provides up to $25,000 in financial assistance to new or existing Black-owned business in Nova Scotia, Prince Edward Island, New Brunswick, and Newfoundland. Loans can be used for capital equipment acquisition, working capital, or short-term receivable financing.

Comments on Funding:

Funding is up to $25,000.
The interest rate is based on risk assessment, repayment terms vary and there is a $100 administration fee. The first year is interest-free

When It Ends:

Ongoing

Deadline:

Rolling Deadline

Eligibility:

The applicant must:

be a new or existing Black-owned business in Nova Scotia, Prince Edward Island, New Brunswick, and Newfoundland.
be a registered proprietorship, partnership or limited company,
have a viable business plan, with two year cash flow projections, the ability to repay the loan and a suitable management strategy,

Application Steps:

Applicants must contact BBI for further details.

Documentation Needed:

No specific documentation has been identified

Other Things to Note:

No other details available.

Program Contact:

Financial Assistance: Black Business Initiative

Technology Leadership (TL) Projects

Amount:

No Fixed Amount

Type of Program:

Grants

Description:

Technology leadership projects (TL Projects) are collaborative projects where OSC Members and the OSC coinvest to perform research, development, demonstration, commercialization, and capability-building activities that deliver business value and benefits to participating organizations, the innovation ecosystem, and Canada’s ocean economy.

Comments on Funding:

Funding from OSC matches up to 1:1 the Industry Member cash and in-kind contributions.
There is no minimum or maximum project size, but OSC co-investments will likely support projects that range in size from $0.5M to $20M.
At a project level, government funding can cover up to 100% of eligible costs.

When It Ends:

Ongoing

Deadline:

Rolling Deadline

Eligibility:

The TL Projects must meet the following requirements:

A minimum of two Industry Members must co-invest in the project, with no one Industry Member contributing more than 2/3 of the private sector contribution total,
At least one small or medium sized enterprise (500 employees or less) is part of the project team,
Project activities take place in Canada.
Investing organizations must be Industry Members of the OSC to qualify their investment for matching investment of OSC funds,
Project activities are incremental to the regular business undertaking of the proponents in that the project is new or would not be undertaken at the same scope or scale without the co-investment provided by the Supercluster,
Eligible project expenses are compliant with ISED ISI funding guidelines.

Applicants must be OSC Industry Members. OSC Industry members are for-profit, or non-for-profit organizations that receive their funding primarily through the private sector and are registered in Canada.

Application Steps:

Applicants must go through 5 steps:

Preliminary Development: An OSC Member initiates an idea and discusses it with other potential collaborators, and forms a Project Team.

Preliminary Qualification: The Project Team will complete the TL Project Preliminary Qualification Template to demonstrate that their project idea is well formed and meets these eligibility criteria before it can be qualified and advanced to full proposal.

Proposal Development: Once a project is qualified, the Project Team can develop a proposal by completing the TL Project Proposal Template. Proponents can socialize the proposal to other OSC Members and expand the Project Team during this stage.

Proposal Assessment and Selection: The Project Proposal is submitted to OSC, who confirms that it is complete and ready to be submitted for assessment. The TL Project Proposal is evaluated.

Project Agreements and Execution: Approved Projects are advanced for contracting and execution.

Documentation Needed:

Applicants must:

complete the TL Project Preliminary Qualification Template,
develop a proposal by completing the TL Project Proposal Template, including a comprehensive Project Plan, as well as rationale that demonstrates how the proposed project would create opportunities for Members - including Members who are not participating in any project, to access expected Foreground Intellectual Property arising from the project,
sign the Project Agreement, if the project is selected for funding.

Other Things to Note:

Information taken from January 2021 Guidelines

Program Contact:

Canada's Ocean Supercluster

Getting-Started_An-Introduction-to-OSC-4.20.pdf

UPDATED-project_selection_guide_FINAL-2.pdf

Online Presence Micro Loan

Amount:

$2,500.00

Type of Program:

Grant, Loan

Description:

The CBDC Online Presence Micro Loan provides financing for small businesses looking to create or improve their online presence.

Comments on Funding:

Funding is up to $2,500 +HST for the set up of the website (inclusive of E-Commerce). The loan has a $500 forgivable training portion and interest rate is prime +2, with flexible repayment terms and no application fees.

When It Ends:

Accepting applications starting January 5, 2022

Deadline:

Rolling deadline

Eligibility:

The applicant must:

Applicants must be small businesses looking to create or improve their online presence.

Application Steps:

Applicants must complete and submit the Online Presence Micro Loan Application.

Documentation Needed:

1
Financial statements/ Statement Self Employment Earnings for last fiscal year (if applicable),
2
Interim (in-house) Financial statements up to date of application,
3
Quote for website improvements from technology company,
4
Proof of being up to date with the CRA.

Other Things to Note:

Grant portions of the loan are limited, so please apply as soon as possible.

Program Contact:

Online Presence Micro Loan

Online Presence Micro Loan APPLICATION FOR FINANCING