There’s no question Newfoundland & Labrador is one of the most unique cultures in the world. And it features all the rugged, natural beauty of the Atlantic Ocean and Eastern Canada, to boot! NL is also known as an area undergoing economic changes, making it an exciting time to start a business here. Business opportunities…
Amount:No Fixed Amount Type of Program:Subsidy Description:The JobsNL Wage Subsidy program supports employers to create sustainable long-term employment or seasonal / short term employment. The subsidy is intended to offset salary costs to create new positions.There are two subsidy options:1JobsNL- 42 that provides a wage subsidy for 28 weeks of a minimum 42-week period of…
In Newfoundland and Labrador, business ownership is an important part of the economy. And small businesses constitute the majority of business ownership in this province. Of the 15,200 small businesses in Newfoundland and Labrador in December 2021, more than 13,400 of them employed fewer than 20 people. More than 8,200 small businesses employed fewer than…
Newfoundland & Labrador is well known for its mining and petroleum industries. For entrepreneurs here, though, those aren’t the only successful potential business opportunities.Agriculture, tourism, fishery, and forestry are also key industries in Newfoundland & Labrador. Understanding both the traditionally successful and emerging industries can be a key component to developing a successful business venture…
Deciding to become an entrepreneur in Newfoundland & Labrador is a big step forward. However, it’s only the beginning. The next step is determining whether you want to start a business from scratch, or you want to purchase someone else’s business that’s already up and running.Buying an existing business in the NL province has some…
