Atlantic Canada Business Grants

Newfoundland & Labrador

Tourism Market Readiness Subsidy Program

by |

Amount:

$2,500

Type of Program:

Subsidy

Description:

The Market Readiness Subsidy Program assists tourism stakeholders in enhancing the quality and market readiness of their tourism services, businesses and products. There are three eligible programs:

  1. 1
    Best Practice Missions supports missions to other destinations designed to expose operators to successful development and marketing models. Primarily offered by Tourism Atlantic;
  2. 2
    Gros Morne Institute for Sustainable Tourism (GMIST) focuses on experiential travel, marketing and sustainability;
  3. 3
    Other initiatives that address market readiness for industry participant's maybe considered, subject to approval by the Department of Tourism, Culture, Arts and Recreation.

This program provides a 25% subsidy for one of the above programs once per year for one business or organizational representative.

Comments on Funding:

Funding is up to 25% of eligible costs of the approved programs. The allowable subsidy is a maximum of 25% up to a total for one event of $2,500.
Applicants are expected to contribute at least 25% of total eligible costs. In kind contributions will not be accepted.

Depending on the program (for example, Best Practice Missions, GMIST) an additional 50% subsidy could be received from federal government sources.
The maximum government subsidy from all levels of government is not to exceed 75%. 

When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

The applicant must:

  • private sector operators (owners, managers or senior personnel-not for front line staff) that meet all regulatory requirements (Licensed under the Tourism Establishment Act and Regulations) and are in business for a minimum of one year and/or operated for at least one season
  • non-commercial/not-for-profit organizations (municipalities and other entities undertaking initiatives that will directly benefit tourism in the province) that are in good standing. Participants from these organizations will be expected to communicate their experiences and knowledge to tourism stakeholders in their respective regions.

Application Steps:

1

a request for funding "form" before they are eligible to receive the subsidy,

2

the expense claim that was enclosed with their approval letter within 30 days of travel and forward with copies of their receipts to the attention of Lucy Alway for processing. lucyalway@gov.nl.ca.

Documentation Needed:

The applicant must submit:

  1. 1
    the Market Readiness Subsidy Program Application Form;
  2. 2
    the Participant Information Questionnaire.

Program Contact:

Tourism Market Readiness Subsidy Program

CBDC Clean Technology Loan

by |

Amount:

$150,000

Type of Program:

Loans

Description:

The Clean Technology Loan is a flexible financing instrument in support of the adoption, adaption and/or commercialization of clean technology. It provides the tools new and existing businesses and social enterprises need to hire professional outside expertise to assess clean technology solutions. 

Comments on Funding:

Funding takes the form of a loan of up to $150,000.

When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

Applicants must be small business in the geographical area serviced by CBDC Humber which includes, Corner Brook and the Bay of Islands, Humber Valley, White Bay South, and Bonne Bay areas of Western Newfoundland and Labrador.

Application Steps:

1

Applicants must contact CBDC Humber for further details.

Documentation Needed: 

No specific documentation has been identified.

Program Contact:

CBDC Humber - Featured Programs

Entrepreneurial Training Fund (ETF)

by |

Amount:

$2,000

Type of Program:

Grants

Description:

Loan clients and non-loan clients of CBDCs are able to access up to $2,000.00 non-repayable funds for tailored Business Skills Training in special areas such as Marketing, Accounting, Cash Management and Profitability, and Strategic Planning. 

Comments on Funding:

Funding is up to $2,000 in non-repayable funding.

When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

Applicants must be CBDC Humber's loan and non-loan clients.

Application Steps:

1

Applicants must contact CBDC Humber for further details.

Documentation Needed: 

No specific documentation has been identified.

Program Contact:

CBDC-Newsletter-June-2021

Equity Loan

by |

Amount:

$100,000

Type of Program:

Loans

Description:

CBDC NORTIP offers financial assistance to commercial entities wanting to start or expand a small business. CBDC NORTIP's equity loans have a maximum limit of up to $100,000. 

Comments on Funding:

Funding takes the form of equity loan of up to $100,000 or 10% of the cost of the project, which ever is less.

When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

Applicants must be:

  • commercial entities wanting to start or expand a small business;
  • in the Northern Peninsula.

Application Steps:

1

Applicants must contact CBDC NORTIP through their online contact form.

Documentation Needed: 

No specific documentation has been identified.

Other Things to Note:

CBDC NORTIP is one of 41 Community Business Development Corporations (CBDCs) operating in rural Atlantic Canada. The CBDCs are a network of not-for-profit organizations that work in co-operation with all levels of government and the private sector to meet the needs of small business 

Program Contact:

CBDC NORTIP - Development Corporation

MusicNL Virtual Professional Development

by |

Amount:

$750.00

Type of Program:

Grants

Description:

The MusicNL Virtual Professional Development provides assistance to artists or groups to improve creative skills, to gain greater knowledge of the music industry, to conduct business that seeks to promote and market MusicNL members outside the province, to attend (virtual) music related conferences, festivals and events.

Comments on Funding:

Funding is in the form of a grant of up to $750. Payment will be issued with 40% up front and 60% upon completion of final report. Repayment shall be required if receipts do not exceed the 40% up front payment.

When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

  • Applicants must have been residents of Newfoundland & Labrador for at least six (6) months prior to the application. Proof of residency may be required.

Application Steps:

1

should contact MusicNL’s Program Manager, David Shears, to discuss the proposed project prior to submitting the application at info@musicnl.ca or 709-754-2574,

2

must submit the application electronically via the application form page, 

3

submit the final report and accompanying Expense Claim to receive the remaining 60% of the grant. 

Documentation Needed: 

​Applicants must submit:

  1. 1
    the completed application form,
  2. 2
    a complete budget,
  3. 3
     a high resolution photo,
  4. 4
    any other material relevant to their project (letter of invitation for showcases, bios for anyone they will be working with for this project, etc.)

Approved applicants are required to submit a final report within thirty (30) days of the project end date.

Other Things to Note:

Applications must be received at the MusicNL office no later than 2 weeks (14 days) prior to the start date of the proposed project. 

Program Contact:

​Virtual Professional Development

​Virtual Professional Development Form​​​