Rolling deadline

Jobs and Growth Fund (JGF)

by Maurice | June 7, 2023

Amount:

No Fixed Amount

Type of Program:

Grants & Loan

Description:

The Jobs and Growth Fund (JGF) provides funding to businesses and organizations to help create jobs and position local economies for long-term growth.

Comments on Funding:

Funding will take the form of:

interest-free repayable contributions for up to 50% of eligible costs for eligible businesses;
non-repayable contributions for up to 90% of eligible costs for not-for profit organizations.
Indigenous-led organizations and/or businesses are strongly encouraged to apply.

The JGF has a continuous intake process, meaning that applications are accepted on an ongoing basis. However, the program is set to run for three years, with an expected end date of March 31, 2026.

Applicants are encouraged to submit their applications as early as possible to allow sufficient time for processing and evaluation.

Indigenous-led organizations and/or businesses are strongly encouraged to apply.

Under the initiative, RDAs may contribute up to 100% of eligible project costs for projects with Indigenous clients.

When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

Applicants must be:

businesses, including co-operatives,
not-for-profit organizations and community economic development partners.

Successful applicants for the JGF will be selected based on a range of criteria, including:

The ability of the project to create jobs and support economic growth in the region
The degree to which the project aligns with the objectives of the JGF, including transitioning to a green economy, fostering an inclusive recovery, enhancing competitiveness, and creating jobs across Canada
The extent to which the project demonstrates innovation, collaboration, and community engagement
The feasibility and sustainability of the project, including the capacity of the applicant to manage and deliver the project effectively

Among the program's eligible activities are activities that foster an inclusive recovery, including those that support businesses owned or majority-led by under-represented groups, such as Indigenous peoples, members of racialized communities, women, youth, LGBTQ2, persons with disabilities, newcomers to Canada, and members of official language minority communities.

Application Steps:

Applicant must consult the applicant guide

Applicant must fill out the Jobs and Growth Fund application form online

Applicant must send the form through the application for financial assistance page or by mail to the ACOA regional office in your province.

Documentation Needed:

For-profit applicants must submit a completed application form and the following supporting documents:

1
incorporation documents and information on ownership (names and percentage of ownership),
2
financial statements (current and last two years),
3
research and development (r&d) project plan, business plan and/or marketing plan,
4
supplier quotes,
5
copies of relevant permits and licences,
6
other relevant documents (specify).

Not-for-profit applicants and other applicants must submit a completed application form and the following supporting documents:

1
constituting / incorporating documents and list of directors/members of the board,
2
financial statements (current and last fiscal year),
3
description and mandate of the applicant, including the management and qualifications of key personnel,
4
HST rebate information (I.E. rebate rate),
5
one of the following two items is required: research and development (r&d) project plan or detailed project description, including milestones, costs, financing, key partnerships established and evidence of support from the community,
6
supplier quotes,
7
copies of relevant permits and license's,
8
other relevant documents (specify).

Other Things to Note:

1
The JGF will provide $700 million over three years (2021-2022 to 2023-2024) across Canada to support business financing. This support for regional recovery and stimulus will position local economies for long-term growth by transitioning to a green economy, fostering an inclusive recovery, enhancing competitiveness, and creating jobs in every corner of the country.
2
Applications will be accepted on a continuous intake basis until such time as the funding is fully allocated.
3
The fund, delivered by Canada's regional development agencies (RDAs), provides $700 million nationally over three years, which includes up to $70 million dedicated to businesses created after January 2020 that meet eligibility criteria.
4
In Atlantic Canada, the Atlantic Canada Opportunities Agency (ACOA) is investing $70 million to help job creators and the organizations that support them to future-proof their businesses, build resiliency and prepare for growth by transitioning to a green economy, fostering an inclusive recovery, enhancing competitiveness, and creating jobs in every corner of the country.
5
Date modified: 2022-03-15.

Program Contact:

Jobs and Growth Fund

APPLICATION FOR FINANCIAL ASSISTANCE JOBS AND GROWTH FUND

JOBS AND GROWTH FUND APPLICANT GUIDE

Research and Development

by Maurice | February 6, 2023

Amount:

$750,000.00

Type of Program:

Grants

Description:

The Department of Industry, Energy and Technology offers programs to support research and development projects for both commercial and non-commercial applicants. For commercial applicants, the Department of Industry, Energy and Technology supports projects that reduce the technical and financial risk of research and development projects where R&D is required to realize the commercial potential of innovative products, processes or services. For non-commercial applicants, the Department of Industry, Energy and Technology provides support through non-repayable contributions to academic and research institutions for the development and implementation of research and innovation projects for the long-term economic benefit of Newfoundland and Labrador.

Comments on Funding:

For commercial applicants, the maximum contribution to a project is normally 50% of the total eligible costs.
For non-commercial applicants, the program provides normally up to 50 percent of total eligible costs of a specific project, with a maximum investment of $750,000.

When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

Applicants must:

be commercial,
be non-commercial (academic and research institutions),
propose projects that are technical in nature and lead to an incremental advance of an innovative product, process or service, if they are commercial applicants,
propose projects that must demonstrate industry relevance and have significant potential for economic impact in Newfoundland and Labrador, if they are non-commercial applicants.

Application Steps:

Applicants must submit the completed application form.

Documentation Needed:

No specific documentation has been identified.

Program Contact:

Research and Development

Cattle and Sheep Deferred Financing

by Maurice | February 6, 2023

Amount:

No Fixed Amount

Type of Program:

Loan

Description:

This program was developed to support cattle and sheep farmers where there is a proven plan for the expansion of livestock to implement long-term viability of their operation. The Farm Loan Board offers flexible lending terms including payment deferrals that will complement the Nova Scotia Cattle and Sheep Industry Development Program.

Comments on Funding:

The loans are intended to be based on personal property securities. Security documentation for these loans will be Promissory Note, General Security Agreement, and personal guarantees of shareholders (if a company). Loans more than $50,000 may require additional security.

When It Ends:

Ongoing

Deadline:

Rolling Deadline

Eligibility:

Applicant must:

be farming in Nova Scotia;
apply for the Nova Scotia Cattle and Sheep Industry Development Program;
provide expansion plan.

Application Steps:

Applicants must:

submit a Nova Scotia Farm Loan Board application form with supporting documentation (checklist)

any additional information that may be requested by their loan officer.

Documentation Needed:

Applicants must submit:

1
a completed application form;
2
a full Business Plan;
3
Cheque for Service Fee – Required for New Clients to the Board or Repeat Applications;
4
a summary of their education, training, work and farm experience, and a description of your current farm program and marketing program, if New Clients to Nova Scotia Farm Loan Board;
5
Void Cheque and EFT form to authorize payments by Pre-Authorized Debit (page 5 of Loan Application);
6
Completed Group Life Insurance Application Form for at least one applicant (contact your local office for application forms), or written confirmation of Life Insurance through a private policy assigned to the Nova Scotia Farm Loan Board.
7
Quota Information Declaration Form if applicable.
8
Specific information for each business type, as following:

Sole Proprietor: Last 3 years Income Tax Return & Statement of Net Worth and/or 3 years’ financial statements.
Joint Tenants (Spouses): Last 3 years Income Tax Return & Statement of Net Worth for each individual and/or 3 years’ financial statements.
Partnership: Last 3 years Income Tax Return & Statement of Net Worth for each individual and/or 3 years’ financial statements. AND Signed Copy of a Legal Partnership Agreement.
Incorporated Business:

Last 3 years, accountant prepared business financial statements.
Copy of Company’s Borrowing Resolution Certified by the Registry of Joint Stocks.
Copy of Signed Shareholders Agreement.
Completed Company Shareholder Information Summary Form.

9
A copy of the Notice of Assessment issued by the Canada Revenue Agency;
10
Copy of two pieces of current government photo ID (birth certificate, driver’s license, etc.);
11
Quotes or invoices from supplier.

Other Things to Note:

This program will complement the Nova Scotia Cattle and Sheep Industry Development Program.

Program Contact:

Cattle_and_Sheep_Deferred_Financing.pdf

Lending Products

How to Apply

Wild blueberry Business Enhancement Loans

by Maurice | February 6, 2023

Amount:

No Fixed Amount

Type of Program:

Loan

Description:

The Wild Blueberry Business Enhancement program aims to increase wild blueberry production in Nova Scotia through efficiencies and land expansion by providing lending options for equipment, purchase and improvement of existing land, and new site development.

Comments on Funding:

The applicant will pay interest and other fees, if applicable.

When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

Applicant must:

be actively farming in Nova Scotia,
be registered with the Wild Blueberry Producers Association of Nova Scotia,
provide proposed expansion plan or project detail.

Application Steps:

Applicants must complete the application form on their own, or call for a loan officer to assist or review it with them.

Applications are processed on the basis of a security appraisal, an assessment of the farming program and a review of the completed application form.

Documentation Needed:

Applicants must submit:

1
a completed application form;
2
a full Business Plan;
3
Cheque for Service Fee – Required for New Clients to the Board or Repeat Applications;
4a summary of their education, training, work and farm experience, and a description of your current farm program and marketing program, if New Clients to Nova Scotia Farm Loan Board;
5
Void Cheque and EFT form to authorize payments by Pre-Authorized Debit (page 5 of Loan Application);
6
Completed Group Life Insurance Application Form for at least one applicant (contact your local office for application forms), or written confirmation of Life Insurance through a private policy assigned to the Nova Scotia Farm Loan Board.
7
Quota Information Declaration Form if applicable.
8
Specific information for each business type, as following:

Sole Proprietor: Last 3 years Income Tax Return & Statement of Net Worth and/or 3 years’ financial statements.
Joint Tenants (Spouses): Last 3 years Income Tax Return & Statement of Net Worth for each individual and/or 3 years’ financial statements.
Partnership: Last 3 years Income Tax Return & Statement of Net Worth for each individual and/or 3 years’ financial statements. AND Signed Copy of a Legal Partnership Agreement.
Incorporated Business

Last 3 years, accountant prepared business financial statements,
Copy of Company’s Borrowing Resolution Certified by the Registry of Joint Stocks,
Copy of Signed Shareholders Agreement,
Completed Company Shareholder Information Summary Form.

9
A copy of your Notice of Assessment issued by the Canada Revenue Agency;
10
Copy of two pieces of current government photo ID (birth certificate, driver’s license, etc.).

Additional documentation in case of Equipment Purchase:

1
Copy of Bill of Sale / Sales Contract;
2
Details (Make, Model, Year etc.) and Serial Numbers of Equipment to be Purchased.

Additional documentation in case of Property Purchase:

1
Signed Agreement of Purchase and Sale;
2
Quota Exchange Results (Dairy Quota);
3
Authorization for transfer of quota;
4
Written confirmation of Property Insurance coverage with the NSFLB as the named loss payable, at time of closing.

Additional documentation in case of Construction / Development:

1
At the application stage:

Itemized Costs and
Plans / Drawings.

2
Prior to disbursement of funds:

Evidence of costs (invoices or receipts),
Copy of Building permit,
Location Certificate.

3
Written confirmation of Property Insurance coverage with the NSFLB as the named loss payable.

Applications are processed on the basis of a security appraisal, an assessment of the farming program and a review of the completed application form.

Other Things to Note:

No other details available.

Program Contact:

Wild Blueberry Business Enhancement Loan

How to Apply

Equity Investors Incentive

by Maurice | February 6, 2023

Amount:

No Fixed Amount

Type of Program:

Rebate

Description:

The Equity Investors Incentive provides new and expanding businesses in Prince Edward Island with a tool to encourage and attract private sector investment. The program provides a non-repayable incentive to investors to encourage investment in an approved Prince Edward Island-based investee business by increasing the return-on investment to investors.

Comments on Funding:

Funding is in the form of a direct rebate to investors (individuals or companies) and is calculated at up to 20 percent of the purchase price of the equity investment in the investee company. The maximum investors’ rebate for all eligible investors will not exceed $200,000 per approved investee company.

When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

An eligible investee company must:

be a taxable, private Canadian corporation,
be registered to do business in Prince Edward Island,
have its head office and its primary business operations in Prince Edward Island,
have been in operation in PEI for a minimum of one year,
be a provider of exportable goods or services in one of the following strategic sectors: bioscience, aerospace and defense, advanced manufacturing and processing, renewable energy and clean technology
information and communications technology, creative and cultural industries (first-of-its-kind exportable goods or services in other sectors may be considered),
pay at least 75% of its payroll to employees residing in Prince Edward Island and must have ewer than 50 employees,
have assets less than $10 million,
ensure compliance with securities legislation,
have a well-developed business plan and demonstrate appropriate use of funds raised to support expansion and/or ongoing operations in Prince Edward Island,
not have any defaulted outstanding debt obligation on file in the Government of Prince Edward Island Central Default Registry.

Eligible investors include: any Canadian person, Canadian-controlled private corporation or other Canadian-controlled company that is at arm’s length to the investee company as defined under Section 251 of the Income Tax Act (Government of Canada).

Application Steps:

Applicants:

must submit the online application form,

must accept the letter of offer forwarded to them which shall create a contract between Innovation PEI and the applicants.

Documentation Needed:

No specific documentation has been identified.

Other Things to Note:

Equity Investor Incentive Guidelines will be available soon upon approval.

Program Contact:

Equity Investors Incentive

Rolling deadline

Footer

Company

Grants