Atlantic Canada Business Grants

Unemployed and underemployed individuals

Entrepreneurial Opportunities Program (EOP)

Amount:

$5,000.00

Type of Program:

Grant, In-Kind Support, Loan

Description:

The Entrepreneurial Opportunities Program (EOP) provides up to $5,000 financial assistance, business plan guidance, business counselling and training to individuals in Newfoundland & Labrador who are receiving or eligible to receive Provincial Income Support. The Program assists individuals to become self-employed. 

Comments on Funding:

Funding is up to $5,000.
The financial assistance comprises of up to 52 weeks of financial support as they launch their business venture (including: continued receipt of existing Income Support from the Department of Advanced Education, Skills and Labor (AESL), receipt of an incentive allowance, and eligibility for subsidized child care costs as determined by AESL) and a $3000 repayable loan to cover necessary business start-up costs.

When It Ends:

Ongoing

Deadline:

Rolling Deadline

Eligibility:

The applicant must:

  • be an entrepreneur who is receiving or eligible to receive Provincial Income Support,
  • become self-employed,
  • reside in Newfoundland & Labrador.

Application Steps:

The applicant must:

1

receive a referral from a Client Services Officer at the Department of Advanced Education and Skills for entry into the Entrepreneurial Opportunities Program.

2

attend a private orientation session with the MBO staff once his referral is received. They will review the program eligibility requirements, the necessary steps to begin operating a small business, and the necessary forms to enroll in the program.

Documentation Needed:

No specific documentation has been identified.

Other Things to Note:

No other details available.

Program Contact:

Entrepreneurial Opportunities Program (EOP)

Entrepreneurial Opportunities - MBO

JobsNL Wage Subsidy

Amount:

No Fixed Amount

Type of Program:

Wage 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:

  1. 1
    JobsNL- 42 that provides a wage subsidy for 28 weeks of a minimum 42-week period of employment
  2. 2
    JobsNL- 28 that provides a wage subsidy for a period of 10 – 28 weeks, allowing funding for seasonal / short term employment.

Comments on Funding:

For the JobsNL- 42 option the subsidy is as follows:

  • first 14 weeks, 60% subsidy, to a maximum of $12 towards the hourly wage rate,
  • second 14 weeks, 0% subsidy towards wages,
  • third 14 weeks, 80% subsidy, to a maximum of $12 towards the hourly wage rate.

A completion bonus of $2,000 for the employer and $1,000 for the employee may be paid, only if the employee remains employed for ten (10) weeks after the end of the subsidy, meaning 52 weeks of continuous employment.

For the JobsNL- 28 option the subsidy is 60% subsidy, to a maximum of $12 towards the hourly wage rate.

A completion bonus of $2,000 for the employer and $1,000 for the employee may be paid to employers approved for a subsidy of 28 weeks, only if the employee remains employed for ten (10) weeks after the end of the subsidy period, meaning 38 weeks of continuous employment. 

When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

​Applicants must:

  • be private or not-for-profit sector employers that are incorporated or sole proprietorship
  • have a Canada Revenue Agency (CRA) business number,
  • be in good standing with Registry of Companies and Deeds,
  • have an office location/base in Newfoundland and Labrador,
  • adhere to the all relevant Terms and Conditions of the JobsNL program

Federal and provincial government departments, crown agencies and corporations, boards and commissions, municipalities and political parties are not eligible for funding

Participants must:

  • be Canadian citizens or permanent residents, who are residents of Newfoundland and Labrador
  • unemployed or underemployed (underemployed being someone who has been employed on average less than 20 hours per week or in a field not related to their training),
  • be recent post-secondary graduates who have not obtained employment in their field of study,
  • be international graduates of Memorial University of Newfoundland, or College of the North Atlantic with a Post-graduate Work Permit, and individuals with an Open Work Permit who are residents of the province,
  • not receive a federal or provincial pension, Workplace NL benefits or another benefit prescribed by the Minister,
  • not be an individual hired prior to the date an application is submitted.

Application Steps:

1

register and create an account in the Department of Immigration, Population Growth and Skills LaMPSS payment system to apply on-line,

2

complete and submit an online application and wait to be notified by email after a decision is made on the application – within 20 business days of receipt of a complete application,

3

submit the Consent Form after hiring an individual. When approval is granted, an individual must be hired within 30 business days.

Documentation Needed: 

The applicant must submit:

  • an online application form,
  • the most recent annual or general meeting minutes and financial statement to demonstrate the organization has an executive structure, decision making process and financial accountability, if the employer is a not-for-profit organization.

Program Contact:

​JobsNL Wage Subsidy

​JobsNL Wage Subsidy Program Guidelines​​​