Finance

Jul 15 2017

7 Canadian Government Grants for Small Businesses #cash #advance #loan


#government business loans
#

7 Canada Government Grants for Small Business

By Susan Ward. Small Business: Canada Expert

Susan Ward is a business writer and experienced business person; she and her partner run Cypress Technologies, an IT consulting business, providing services such as software and database development.

Read more about Susan’s current and past work on her Google Profile if you like: Susan Ward .

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To qualify as a grant applicant, you often need to be engaged not only in a particular business sector, but be a resident of a particular geographic region of the country.

Still, there s no harm in looking at what small business grants are available. Browse through this collection of Canada government grants and see which you could apply for.

Canada Government Grants

AVAC will provide grants to research focused on Agrivalue with the expectation of specific tangible outcomes. (Their Agrivalue program invests in new and enhanced food products, wellness products, bioproducts and enabling technologies.) All other investments made by AVAC are made on commercial terms as royalty-based investments.

Conditions: Business must be in Alberta or be able to demonstrate a substantive potential economic benefit in Alberta.

Provides non-repayable investment of 50% of your project costs up to $4,000 to emerging groups and artists, emerging industry professionals or Registered Societies.

Conditions: Business must be in Nova Scotia. (For instance, the artist or 75% of group members must be Nova Scotia residents for at least one year to apply.)

Provides a grant covering up to 25% of business start-up costs (up to $30,000).

Conditions: You must establish a business in a borough or a reconstituted city of Montréal, live in a borough or in a reconstituted city of Montréal, be between 18 and 35 years old, and be a Canadian citizen or permanent resident .

Provides up to 40 percent of the costs associated with the execution of market research studies, the costs of eligible advertising and promotion activities. or the costs of eligible market investigation activities for manufacturers, processors and providers of exportable services.

Conditions: Business must be in P.E.I. and be in the food development, diversified manufacturing, bioscience, information technology, or craft/giftware sector, although first of its kind exportable services in other business sectors may be considered.

Provides non-repayable grants to cover 75 percent of the cost of exploration and resource assessment on new or under-developed natural stone prospects, up to a maximum of $50,000 per project.

Conditions: Business must be registered to do business in Newfoundland/Labrador and the applicant(s) must hold the mineral /quarry rights to the lands considered in the application and provide proof of sufficient funds to undertake at least 25% of the cost of the proposed project.

For starting a business. provides non-repayable contributions of up to $100,000 for the establishment of year-round eligible businesses based on 50% of eligible costs, up to a maximum of $15,000 per new full-time year-round job created.

For expanding an established business: provides non-repayable contributions of up to $60,000 for the expansion, diversification, or improvement in the productivity or competitiveness of year-round eligible businesses, based on 30% of eligible costs.

Conditions: Business must be in New Brunswick and be in the manufacturing and processing, information technology, year-round or seasonal full-time tourism operations, commercial service firms primarily engaged in export/import activity sectors. Some cultural enterprises also qualify. A 20% equity investment is required.

Provides grants of up to $25,000 to residents of Northern Ontario, 18 to 29 who are planning on starting their own for-profit business in the North.

Conditions: Applicant must be a resident of Northern Ontario of the appropriate age and must make a cash investment in the business equal to 10 percent of the NOHFC s conditional contribution. The proposed new business must be intended to operate as a full-time business and create a minimum of one new job in Northern Ontario.

More on Canada Government Grants

The Canada government grants listed above are just a sampling of the Canada government small business grants loans programs available. My article, The Truth About Canada Government Small Business Grants. gives more examples of Canada Government Grants as does the Canada Government Grants section of this website.

I also recommend that you browse through the listings in my Canada Small Business Loans section, as most small businesses stand a much better chance of finding a loans program than a Canada government grant program to supply the financing they need.


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