Nova Scotia

Options Youth

Amount:

$9,818.00

Type of Program:

Wage Subsidy

Description:

Options Youth is a virtual employment wage subsidy program consisting of paid, online, milestone-based skill training, followed by a paid work placement. Options Youth is committed to helping youth overcome barriers to enter the workforce through personalized training to participants and federal wage subsidies to employers in Nova Scotia.

Comments on Funding:

Funding is a 700 hour wage subsidy, covering up to $12.55/hr plus MERCs, up to a maximum of $9,818.

When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

The applicant must:

be small- and medium- size businesses in Nova Scotia,
hire a participant that has completed the online program,
place the participant on payroll.

The participant must be:

between 15 and 30 years of age (inclusive) at the time of intake/selection,
a Canadian citizen, permanent resident, or protected person as defined by the Immigration and Refugee Protection Act,
legally entitled to work in Canada,
in need of assistance to overcome employment barriers.

Application Steps:

complete the online application form,

hire a participant that has completed the online program,

invoice the program each month,

provide monthly reports to the Project Manager.

Other Things to Note:

The Options Youth Program is an employment wage subsidy program, facilitated by the Saint Mary’s University Entrepreneurship Centre and funded by Service Canada.

Program Contact:

Options Youth SMU website

Licence Loan Program

This program is currently closed.

Amount:

No Fixed Amount

Type of Program:

Loan

Description:

The Licence Loan Program provides funding to eligible independent fishers to purchase a fishing licence or licence and associated gear.

Comments on Funding:

Required deposit for a new entrant licence only or licence and associated gear loan is a minimum of 5%.
Required deposit for a new species licence only or licence and associated gear loan is a minimum of 10%.

A personal guarantee is taken on all loans.
All loans are subject to an Administration Fee, a Mortgage Registration Fee and/or Personal Property Registration Fee (PPR).
Interest rate is set quarterly but is fixed for term of loan.

When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

The applicant must:

be a Canadian citizen or a registered Nova Scotian company in good standing,
be the age of majority at the time of the application,
have a Fishing Masters Class certificate or five years of experience as captain of a vessel,
meet Department of Fisheries and Oceans eligibility requirements, if a new entrant.
have never held a licence in the commercial fishery (New Entrant), or be current commercial fishery licence holders who wish to diversify into a species for which they have never held a licence (New Species).

Documentation Needed:

The applicant must submit:

the application form,
a detailed five year business plan.

Other Things to Note:

Most probably it's the same program as License(s) & Gear Loan.

Program Contact:

Licence Loan Program

Aquaculture Loan Program

This program is currently closed.

Amount:

No Fixed Amount

Type of Program:

Loan

Description:

The Aquaculture Loan Program provides loans to develop and sustain aquaculture for finfish, shellfish and seaplants.

Financing is available for: salmonoid seed stock, shellfish seed/spat, collection materials, grow-out equipment and materials, rafts, buoys, floatation devices, anchors, nets, cages for finfish grow-out, small boats, outboard motors and onboard gear handling devices and purchase of existing operations.

Comments on Funding:

Minimum deposit is 10% of requested loan amount.
Security: Chattel mortgage on equipment. Promissory note, personal guarantee and insurance on gear.
All loans are subject to an Administration Fee and a Personal Property Registration (PPR) Fee.
Interest rate is set quarterly but is fixed for term of loan.

When It Ends:

Closed

Deadline:

Rolling deadline

Eligibility:

The applicant must:

be a Canadian citizen or a registered Nova Scotian company in good standing,
show evidence of competency in aquaculture.

Other Things to Note:

The same program as Aquaculture Loan.

Program Contact:

Aquaculture Loan Program

Startup & Expansion Loans

Amount:

$25,000

Type of Program:

Loan

Description:

The Startup & Expansion Loans are for small and medium-sized businesses run by entrepreneurs of all ages. Recipients get support to develop their business knowledge and skills in marketing, accounting, human resources and business planning. Low-interest loans of up to $25,000 are available, with flexible repayment terms and no penalty for early repayment of the principal.

Comments on Funding:

Funding ranges from $5,000 to $25,000 with a low interest rate of Prime + 2%, low principal payments and no penalty for early repayment.
All $5,000 loans are interest free for 6 months.
Up to $60,000 of Additional Funding Available Through CEED’s Community Partners.

When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

The applicant must:

entrepreneurs of all ages,
businesses registered within the Halifax, Dartmouth and Bedford boundaries.

Application Steps:

Applicants must apply through the online form.

Other Things to Note:

CEED Programs are delivered in partnership with ACOA and the Province of Nova Scotia.

Program Contact:

Startup & Expansion Loans

Enviro-Depot™ Infrastructure Funding Program

Amount:

No Fixed Amount

Type of Program:

Loan

Description:

The Enviro-Depot™ Infrastructure Funding Program provides financial assistance that will be used specifically for improvements to an ENVIRO-DEPOT™ facility and/or its operation.

Comments on Funding:

Funding will be provided in the form of an interest-free loan.
Funding is up to 80% of approved eligible costs.
Loans of $5,000 or more shall require security by way of assets, personal guarantees, or other acceptable forms as determined by the Committee.

When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

The applicant must:

must be Nova Scotia ENVIRO-DEPOT™ owners and landlords,
shall normally have a minimum 20% equity in the project.

Application Steps:

submit the completed forms and relevant documentation by email to klpooley@divertns.ca or by regular mail to ENVIRO-DEPOT™ Infrastructure Funding Program, Divert NS, 35 Commercial Street, Suite 400, Truro, NS, B2N 3H9.

Documentation Needed:

The applicant must submit:

the completed application form,
the project’s schedule, including project milestones (2 to 3 only) that could be used to trigger payment of any approved program funding, if applicable,
a detailed budget that includes anticipated costs for buildings, capital equipment, leased equipment, supplies and tests, and any other related costs. A detailed schedule of all wages and salaries paid, including any contracted assistance. Relevant details surrounding all other funding and owner’s equity.
the most recent complete financial statements (Income Statement, Balance Sheet, Statement of Cash Flows).

Program Contact:

Enviro Depot™ Funding

Research and Development Program form.cdr