New Funding for 2 Cape Breton Microbreweries

Two Cape Breton microbreweries have landed $436,000 in federal money.

Mark Eyking, MP for Sydney-Victoria, announced that the federal government, will be investing in support of construction, development and expansion projects.

Big Spruce Brewing is receiving a repayable investment of $350,000 to support the construction of an additional 1,500 square metres of building space at their facilities located in Nyanza, Cape Breton.
This project will also assist with the purchase of new incremental processing equipment and the installation of an innovative product containment system. The brewery focuses on organic ales with ingredients sourced locally.

Breton Brewing Co. is receiving a repayable investment of $86,000 to support the installation of two new fermenting tanks and a canning line for packaging at their microbrewery in Sydney. This equipment will assist Breton Brewing in keeping up with consumer demand and allow finished products to be sold more easily to second-party vendors. Breton Brewing previously received federal funding, for the establishment of its microbrewery.

The craft beer industry in the province saw sales grow by 25.1 per cent this past year, spurred by 23 local microbreweries.

The Canadian Grant Business Center is the leading R&D Company for business funding in Canada. To see what funding is available to your new business, please contact us.

Toll-Free 1-888-231-0075

Government Funding for Flying Colours Corp. Expansion

PETERBOROUGH, ONTARIO

The member of Parliament for Peterborough-Kawartha, and on the behalf of the Minister of Innovation, Science and Economic development and the Minister of responsible for the Ontario branch of FedDev, announced a funding initiative of up to $4.87 in grants, loans and subsides to the Flying Colours Corp for it’s expansion initiative.

The Federal Government, with its’ new vision developed in the 2016 Canada Budget, wants to make Canada the center of global innovation, in science, technology and creativity for companies. With this, helping companies as Flying Colours Corp., to succeed in exporting and marketing its technologies and any future services.

The Flying Colours Corp. is a global aviation services compay, its main service is to retrofit aircrafts and provide fully customized aircraft interiors, with the latest in technologies and state of the art equipment. The repayable and non repayable contributions from Fed Dev, is to develop Flying Colours 100,000 square foot hangar at the Peterborough Airport. This new hangar will enable the company to worker on larger aircraft, and meet the increased global demand the company is receiving.
The investment will also help 200 Ontario based suppliers that provide materials to Flying Colour Corp.

Quick Facts:

• With a total project cost of $20.15 million, this project will leverage a $1.2-million investment from the Government of Ontario and more than $14 million from private sector investment. The project is also expected to create up to 50 skilled manufacturing, engineering, management and technical field full-time equivalent jobs.

• Established in 1994, Flying Colours Corp. previously received a repayable contribution of up to $900,000 from FedDev Ontario to expand its facilities and acquire new equipment. The successful completion of this project resulted in 37 new jobs and has positively benefited the surrounding community.

Canadian Small Business Grants Help Small Businesses

According to Statistics Canada, roughly half of employed citizens in Canada work for small to medium sized businesses. When new companies are launched each year, it is no doubt a great importance for Canadian job prospects. These new companies are key to driving economic development and demand special attention from government organizations to continue to add jobs, develop local communities and grow not only the local economy, but the national economy as well.

In open economies, the local, provincial and national governments for a country are key to playing a pivotal role in removing any obstacles to starting and operating a brand new business. According to international data, Canada is the second easiest country to start a business out of 189 countries surveyed. On the other end of the spectrum, Canada is ranked 14th in business competitiveness, among 144 countries reviewed by the World Economic Forum.

Like many first world nations, Canada, offers small and medium sized business a large selection of government funded grants and loans in order to aide them maintain growth and prepare for further funding if needed. This approach is not universally accepted, and has been scrutinized on many occasions.

Why should small and medium size business be cautious when trying to obtain government funding?

Research has shown that the world over, government struggle with the severity of restrictions they place on startups trying to obtain R&D funding. Usually these restrictions are put in place to block overseas income of government-funded research and development activities. Governments are trying to keep projects funded within the country, but by doing so, may scare off foreign investment. Small and medium sized businesses who receive government funding have a lower likelihood in obtaining foreign investment.

Why should small and medium sized business obtain government funding?

Local and national Canadian governments plan to renew Canada’s reputation as an innovation hub. In order to accomplish this, they will have to match what other countries are doing with balancing local and foreign investment and increasing current local and national funding programs.

Canada contains an environment with resources available to create the perfect storm for companies to setup shop, complete with large opportunism to secure government grants and loans at all levels of government.

Hundreds of start ups have grown out of incubators to become industry leaders. Innovation has grown from unusual Canadian regions like Northumberland Ontario to the usual places like Waterloo. In addition, not-for-profit organizations are lauching all over Canada to increase entrepreneurship in young people. Students all over Canada are enjoying working for start ups today, and you can search at the cores of these business and find a government grant that funded its growth.
The Canadian Grant Business Center is the leading R&D Company for business funding in Canada. To see what funding is available to your new business, please contact us.

Toll-Free 1-888-231-0075

BDC Announces $500 Million in expanded funding for SMEs in Western Canada

Calgary, November 17, 2015 

The Business Development Bank of Canada (BDC) announced today that it has earmarked $500 million in additional financing for Canadian SMEs impacted by the decline in oil prices. It will also provide advisory solutions to help companies adjust their business operations to weather the impact of the current economic downturn.

Summary of the announcement:

  • The half a billion in funding represents an significant increase of 40% compared to the bank’s normal lending to businesses in the oil and gas sector.
  • BDC will be working to process applications faster during this time of increased business need.
  • BDC’s strategy is intended to help promising companies with projects aimed at diversifying their business, increasing their operational and environmental efficiency, improving financial management, as well as purchasing new technology and equipment.
  • BDC is the only bank dedicated exclusively to entrepreneurs, and mandated to do so by the Canadian Government. It offers loans, investments and advisory services. BDC’s purpose is to support Canadian entrepreneurship with a focus on small and medium-sized businesses.

To find out more about accessing BDC funding and other government programs for business, please contact the Canadian Grants Business Center at:

Canadian Toll Free 1-888-231-0075 Or Visit: http://canadiangrantsloans.com/contact-us/

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