Atlantic Canada Business Grants

Not-for-profit organizations

Employ PEI – For Employers

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Amount:

No Fixed Amount

Type of Program:

Subsidy

Description:

Employ PEI is an employment program to help job seekers develop new skills and gain work experience through on-the-job training. By providing a temporary wage subsidy to an employer, it helps create long term employment opportunities and assists the employer with the cost of hiring and training a new employee.

Benefits of Employ PEI:

How can Employ PEI help job seekers?

Employ PEI is an employment program designed to help job seekers find long-term employment opportunities. The program provides job seekers with the opportunity to gain valuable work experience and training while earning a wage. This can be particularly helpful for individuals who lack the work experience necessary to secure a job in their desired field.

Through Employ PEI, job seekers can gain access to a range of employment services, including job search assistance, resume and cover letter writing, and interview preparation. They can also receive financial support and advice through the Self Employ PEI program, which helps job seekers launch their own businesses.

How can Employ PEI help employers?

Employ PEI provides employers with a range of benefits, including financial assistance to help them create long-term employment opportunities for job seekers. Employers can receive a temporary wage subsidy to provide on-the-job training for a new full-time employee. This subsidy can cover up to 50% of the wages for a maximum of 20 weeks.

In addition to financial assistance, Employ PEI can help employers find qualified candidates for their job openings. The program works closely with job seekers to identify their skills and experience, and then matches them with suitable job openings. This can save employers time and money in the recruitment process.

Employ PEI can also help employers develop their workforce by providing training and skills development opportunities. This can help employers retain their employees and improve productivity over the long term.

Comments on Funding:

Funding is a subsidy of 50% of the wages, up to a maximum contribution of $12.50/hour to a maximum of 20 weeks. 

When It Ends:

Ongoing

Deadline:

Rolling Deadline

Eligibility:

The employer must be:

The employee must be: 

  • unemployed and looking for full-time work,
  • legally authorized to work in Canada (Canadian citizen or permanent resident),
  • out of high school for at least 2 years.

Application Steps:

1

The applicant/employer must submit their application package and receive confirmation from SkillsPEI that they have been approved for the program before they start their new job, 

Documentation Needed: 

The applicant must submit:

  • the completed application form,
  • a detailed job description,
  • the contact details for the new employee,
  • a sustainability plan to maintain the new employee following the subsidy period.

Program Contact:

Employ PEI - For Employers

EMPLOY PEI Application for Organizations

Canada – Newfoundland and Labrador Job Grant (CNLJG)

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Amount:

$15,000

Type of Program:

Grants

Description:

The Canada-Newfoundland and Labrador Job Grant (CNLJG) provides funding to eligible businesses and organizations to help offset the cost of training for their existing and future employees.

Comments on Funding:

Funding is up to a maximum of $10,000 per year towards training an existing employee and up to a maximum of $15,000 for training an unemployed participant.
The employer contributes at least one-third to the cost of training, with the exception of an unemployed participant. 

When It Ends:

Ongoing

Deadline:

Rolling Deadline

Eligibility:

The applicant must:

  • be a private sector employer, not-for-profit organization, industry association, employer consortia, unions, or an Indigenous government or organization,
  • be incorporated or a sole proprietor
  • have a Canada Revenue Agency business number, 
  • be in good standing with Registry of Companies and Deeds,
  • have an office location/base in Newfoundland and Labrador,
  • have a job for all participants at the end of training.

The participant must be:

  • an existing employee
  • an unemployed participant hired by the employer no more than 30 business days (six weeks) prior to the training date

Application Steps:

1

Applicant must register in LaMPSS and create an account to be able to apply online

2

Applicant must complete and submit an online application in LaMPSS along with required information,

3

Applicant must provide a Letter of Attestation and wait to be notified by email after a decision is made on the application – within 30 business days of applying,

4

Applicant must submit the mandatory Client Contact Form and the mandatory Client Consent Form within 21 business days from approval

Complete applications must be received at least 20 business days prior to the start of training to ensure a timely review and assessment of the request for funding and to avoid delays in processing.

Documentation Needed: 

The applicant must submit:

  • an online application,
  • an Initial Client Contact Form and Client Consent Form for all employees being trained through funding provided by this program. The client consent allows for the exchange and release of information between the employee, the employer and the provincial and federal governments.
  • a Letter of Attestation when training an existing employee or unemployed participant.

The participant must submit proof of unemployment, if the case. Acceptable documentation includes but is not limited to Record of Employment, recent Notice of Termination from last employer, confirmation of Employment Insurance, or confirmation of Income Support.

Program Contact:

Canada – Newfoundland and Labrador Job Grant

Canada-Newfoundland and Labrador Job Grant Eligibility & Requirements

Tourism Market Readiness Subsidy Program

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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

Fisheries Loan Guarantee Program

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Amount:

$3,000,000

Type of Program:

Loan Guarantee

Description:

The Fisheries Loan Guarantee Program supports the development of the province's independent fish harvesting industry by providing a government guarantee on loans through local chartered banks for the construction or purchase of marine vessels and/or to purchase new engines and fishing equipment for the improvement, rebuilding or alteration of existing vessels. Loans may also be approved to refinance loans previously obtained from fish processors for fixed asset costs.

Comments on Funding:

The program offers loan guarantees for combining of enterprises up to $3 million; vessel-related items up to $2 million, and license acquisitions up to $1,5 million.
The Provincial Government’s guarantee can provide up to 100% of an outstanding loan.
Guaranteed loans are offered at the financial institution prime rate, as negotiated between the harvester and the lender, to a maximum of prime plus 2% or 2.5%, depending on the term of the loan.
10-15% down payment and adequate security are required. 

When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

The applicant must:

  • be entities, individuals or groups,
  • be a Canadian citizen/entity and a resident of Newfoundland and Labrador,
  • harvesters must be registered full time as certified by the Professional Fish Harvesters Certification Board and eligible to hold a commercial fishing license,
  • have a favorable credit record and demonstrate commercial viability, including the ability to repay the loan.

Application Steps:

1

Applicants must apply directly to the financial institution, which in turn will request the guarantee from the Provincial Government.

Documentation Needed:

Applicants must submit: 

  1. 1
    the Fisheries Loan Guarantee Application Form;
  2. 2
    previous and current years income and expense statements (income tax returns are acceptable);
  3. 3
    two years forecast of revenues and expenses;
  4. 4
    details of historical and forecast revenues according to: species, volumes and price; and
  5. 5
    a recent balance sheet detailing the businesses assets and liabilities, if incorporated.

Program Contact:

Fisheries Loan Guarantee Program

Fisheries Loan Guarantee Application

fisheries_loan_insert.pdf

Innovation and Business Development Fund (IBDF)

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Amount:

No Fixed Amount

Type of Program:

Grants

Description:

The Innovation and Business Development Fund is focused on investments to grow and diversify Newfoundland and Labrador’s oil and gas supply and service capabilities. The fund provides funding to commercial and non-commercial applicants for business development, emerging technologies and industry diversification. The fund supports The Way Forward on Oil and Gas - Advance 2030: A Plan for Growth in the Newfoundland and Labrador Oil and Gas Industry.

Comments on Funding:

Project funding will normally not exceed 50% as a non-repayable contribution.
Other Provincial Government funding is ineligible as project financing (i.e., no duplication of provincial funding sources will be permitted).
Multi-year commitments may be considered based on the business case for the investment and are subject to the available budget and additional approval requirements. 

When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

The applicant must:

  • non-commercial: industry associations, business development organizations, postsecondary education institutions and other support groups in Newfoundland and Labrador involved in oil and gas projects,
  • commercial: registered businesses, primarily small-and-medium sized enterprises (SMEs), with operations in Newfoundland and Labrador.

Application Steps:

1

Applicant should contact an IET or TCAR office in your region prior to developing a proposal, 

2

Applicant must submit a detailed proposal and a completed application with supporting documentation to the Department of Tourism, Culture, Industry and Innovation (TCII) office in their area.

Documentation Needed: 

Applicant must submit:

  • a detailed proposal and a completed application - both are required,
  •  their latest financial statements (commercial projects only),
  • the qualifications/resumes of key project management personnel,
  • letters of support (financial and non-financial),
  • financial projections (commercial projects only),
  • cost estimates for the purchase of specialized equipment, building renovations, and purpose-built supply and service infrastructure,
  • any information or resource materials referenced in the proposal,
  • copies of required permits, licenses and/or environmental approvals,
  • copies of relevant contracts and agreements,
  • copies of any detailed design work, engineering or other studies that support the proposal.

Other Things to Note:

The Departments of Industry, Energy and Technology, and Tourism, Culture, Arts and Recreation are co-administering the fund, ensuring coordination with the programs of the Innovation and Business Investment Corporation. The fund supports The Way Forward on Oil and Gas - Advance 2030: A Plan for Growth in the Newfoundland and Labrador Oil and Gas Industry.  

Program Contact:

Innovation and Business Development Fund

IBDF-Mar-2021.pdf

Innovation and Business Development Fund Applicant Guide

App_Comm_IBDF_Fillable_PDF.pdf

App_Non_comm_IBDF_Fillable_PDF.pdf