2014 GOVERNMENT GRANTS FOR BUSINESS

2014 GOVERNMENT GRANTS FOR BUSINESS

Ottawa, Ontario January 1st, 2014

2014 is upon us and many small businesses owners are looking to maximize their businesses growth for the coming year. Government Grants and Government secured Loans are two of the tools available to Canadian Businesses in order for them to take advantage of the various opportunities that may present themselves in this New year.

Depending on the industry that a business operates in, the first few months of the year can be busy or quiet. Regardless of wether a business has a seasonal high, or low in terms of activity at this time of year, it remains the optimal time to pursue funding for the upcoming year’s ventures.

New programs are often introduced in January of every year. Many of the funding programs that have been announced over the previous year will come into effect at the beginning of a calendar year. A lesser known fact is that many government grants and government loans programs have a fixed annual budget that resets in sync with the calendar year.

These two facts combine to present a unique opportunity for Canadian business owners:

This is the best time of year to invest in your business with Government Grants and Government Loans.

As in previous years program funding may be available for the following business endeavours:

  • Starting a new business
  • Expanding an existing business
  • Investing in capital expenditures (equipment etc.)
  • Making improvements to existing company facilities (lease hold improvements)
  • Purchasing real-estate for business purposes
  • Investing in skills training for staff
  • Employment and hiring subsidies for new workers
  • Agricultural subsidies
  • Manufacturing subsidies
  • Assistance for export related business endeavours
  • Tax credits and direct subsidies for business research (product or processes)
  • Various other purposes

In order to make sure that a business qualifies, the business need simply follow the following rule to sucess with government funding:

Apply Early. Apply Often.

Business owners and individuals who are starting a new business that wish to take advantage of the most up to date information are encouraged to contact Canadian Grants Business Center directly at: 1-888-231-0075

The recommendation remains the same for 2014 as it was in past years:

Canadian Businesses that want to succeed in an increasingly competitive international and local market place need to take advantage of all the opportunities available to them. This can often mean accessing that latest Government Grants and Loans for Canadian Business.

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Government Small Business Loan for Micro-Brewery

FUNDING FOR QUEBEC MANUFACTURING BUSINESS

Joliette, Quebec – November 2013

Micro-Brasserie L’Alchimiste has been granted financial assistance as government funding for the purchase of updated brewing equipment for their plant in Quebec.

Micro-Brasserie L’Alchimiste produces beers for general consumers, specialty craft beers and private-label beers for distribution all across Quebec. The business, has grown considerably since its establishment in 2001and is at the stage where it needs to modernize its equipment in order to continue growing.

The funded project involves the installation of fermenters, a conditioning tank and packaging and handling equipment for the brewery. The plant also intends to automate part of the production line, increasing productivity and improving capacity.

The Government of Canada believes economic prosperity is achieved through investments like the one Micro-Brasserie L’Alchimiste is making to raise its production capacity and competitiveness,” said a government spokesperson.

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VENTURE CAPITAL IN SOUTHERN ONTARIO

GOVERNMENT OF CANADA FUNDING VENTURE CAPITAL SERVICE

Niagara Falls, Ontario – November 2013

Providing government grants and government secured loans is only 1 of the many ways that the Government of Canada encourages and supports Canadian businesses.

One of the most important functions of the Government in business financing opportunities for small business is in encouraging venture capital investments in business start-ups.

To this effect the Canadian Government is renewing it’s commitment to venture capital and angel investor development through increased funding of The Niagara Angel Network. Thanks to this $100,000 investment, The Niagara Angel Network will be able to connect more angel investors with promising new start-up businesses across the Niagara region. The investment is being provided through FedDev Ontario’s Investing in Business Innovation (IBI) initiative.

The Niagara Angel Network is a not-for-profit angel network located in Niagara-on-the-Lake, and is part of the Ontario Network of Angel Organizations. This new investment permits the Angel Network to expand its base of active angel investors to respond to the funding needs of business start-ups.

In 2011, the Niagara Angel Network received $50,000 through the IBI initiative to expand its angel investor base through investment attraction activities. This financial support led to increased membership in the Network, and an increased availability of capital in the Niagara Region.

“This funding has helped our Angel investor group exceed $3 million worth of investments while leveraging an additional $10.8 million from other sources of funding,” according to Terry Mactaggart, Chairman for Niagara Angel Network. “With the Government of Canada’s support, the Niagara Angel Network is helping to build the next generation of companies in Niagara and beyond.”

FedDev Ontario supports the southern Ontario economy by creating opportunities for jobs and economic growth. The Investing in Business Innovation initiative is part of FedDev Ontario’s Southern Ontario Advantage initiatives. Over $420 million in funding has been committed to date. More than 240 projects have received funding under the Southern Ontario Advantage initiatives, resulting in partnerships with more than 5,000 organizations, and over $1.2 billion in additional leveraged investments from various sources.

TAGS: VENTURE CAPITAL, FUNDING FOR BUSINESS, ONTARIO VENTURE CAPITAL, ONTARIO  LOANS, ONTARIO BUSINESS FUNDING, GOVERNMENT FUNDING, BUSINESS NEWS, CANADIAN GOVERNMENT NEWS, ONTARIO NEWS

Government Grants to Support Female-Led Business in Canada

Government of Canada to Support Woman Owned Businesses

Toronto, Ontario – November 13th 2013

The Canadian Federal Government has recently announced $500,000 in funding to support and encourage business success for female entrepreneurs. 

WeConnect Canada has been awarded  $512,000 in funding for a project entitled From Contacts to Contracts. The project is designed to reduce barriers that are currently reinforcing the underrepresentation of women in Canada’s corporate supply chains. This will be accomplished by increasing corporate support of female-led businesses, and to help foster supplier diversity. Specifically major Canadian corporations have committed to taking specific action aimed at encouraging woman-owned business through the project. The funding will support the on-going enhancement of the program. 

The minister of labour and minister of status of women Dr. K. Kellie Leitch, announced the Canadian government’s support of the new project at the annual WeConnect Canada business conference for women business leaders in Ontario. “The number one priority of our government is jobs, growth and long-term prosperity,” accruing to minister Leitch. “That is why our government is creating greater economic opportunities for women entrepreneurs in many sectors through projects like this one with WeConnect Canada. Projects like this will help our economy prosper.”

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Government Grants/Loans in Northern Ontario

Government Loan for Software Development in Northern Ontario

Nipissing-Timiskaming Ontario, October 31st, 2013

FedNor, a department of the Canadian Government created to foster economic development in Northern Ontario , announced an upcoming funding investment to create jobs and support development and growth in the technology and innovation sectors of Northern Ontario.

A repayable FedNor contribution of $500,000 has been provided to Funding Matters Inc., in partnership with Canadore College. The intention of this government loan is to help the Northern Ontario company develop software for the charitable financing industry and related online and mobile areas.

The investment will be used to hire a local project team to further the development of the GIFTABULATOR app and other new software and tools. Funding Matters Inc. will have the support it requires to create 10 new technology-related jobs and expand its North Bay operations by opening a new research, development, and marketing office in the community.

“We are very excited to partner with FedNor and the Government of Canada to expand our North Bay operations and enhance our product offerings,” said William Petruck, President of Funding Matters Inc. “Today’s announcement will help us grow our business, create jobs, expand into new markets and continue to deliver innovative services to our clients.”

The funding has been provided through FedNor’s Northern Ontario Development Program, which is intended to support projects that strengthen community economic development, enhance business development and growth, and facilitate innovation throughout the region. FedNor is one of several government agencies responsible for funding business projects in Ontario,

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Government Business Grants For Small Business / Green Business in Canada

Government of Newfoundland Announces Funding For Green Businesses

St John’s Newfoundland, October 24th 2013

The Multi-Materials Stewardship Board (MMSB) has just announced $100,000 inf funding to be awarded to 10 innovative projects through the Solid Waste Management Innovation Fund.

“Waste Reduction Week marks an important time for everyone to think of ways to take more responsibility for their actions and the impact they have on the environment,” said the Honourable Joan Shea, Minister Responsible for the Multi-Materials Stewardship Board. “Today’s announcement of 10 Solid Waste Management Innovation Fund recipients provides all Newfoundlanders and Labradorians with inspiring examples of meaningful solutions that not only divert waste from our landfills, but also have the potential to drive new business and economic opportunities in the province.”

2013 Solid Waste Management Innovation Fund Recipients:

Abydoz Environmental – $11,000.00  to explore options to incorporate recycled glass into engineered wetlands and natural sewage treatment systems.

ChrisDarMar Farms – $9,658.79 to focus efforts on diverting chicken farm waste from the landfill using a compost drum technology to create an environmentally-safe material that can be used as soil amendment.

Petty Harbour Mini Aquarium – $3,500.00 to engage youth and young at heart through the delivery of the Waste Watchers Program, designed to educate visitors about the impact of garbage and litter on marine life.

Scotia Recycling – $15,000.00 to acquire a Styrofoam densifier to establish a Styrofoam recycling program targeting the industrial, commercial and institutional sector in the eastern region of the province.

Natalie Jewellery – $5,000.00 to increase capacity and production of uniquely designed jewellery that is made from reclaimed materials such as copper water pipe, car parts and motors from old appliances.

The ROLES Project – $11,000.00 to restore abandoned mineral exploration sites in Labrador by properly disposing of hazardous waste that could otherwise negatively impact vegetation, wildlife, habitat and water.

Lester Farms – $15,000.00 to compost commercial coffee grounds to produce and research a soil amendment that yields optimal nutrient values in soil and crops.

Morrison Hershfield – $15,000.00  to create a Construction Waste Diversion Plan to provide contractors and construction professionals with best practices for reducing, reusing and recycling construction and demolition waste.

STORM Brewing – $12,200.00 to implement a reuse program to collect and wash bottles for local reuse, reducing the environmental impact of the production and shipping of new glass bottles.

A.N.S. Enterprises – $2,587.64 to “upcycle” used hot water tanks, wheel rims, oven grates and spark arrestor screens to manufacture fire pits, barbeque pits and culverts.

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Canada Jobs Grant Proposed Changes

Proposed Canada Jobs Grant: Flexible Options for Small Businesses

Ottawa, Ontario October 8th, 2013

According to Federal Employment Minister Jason Kenney, the Canadian Government is committed to improving access to the proposed Canada Jobs Grant program for small businesses.

The current framework would allow cost-shared training subsidies of up to 15,000$ per employee per company. Under the new Government Business Grants proposal, small businesses would be eligible to contribute a smaller share of the total cost, previously pegged at 33% for all Employers. Mr. Kenney has stated that the two-thirds Government Subsidy would now be an average, larger companies would receive a smaller subsidy than their small and medium business counterparts that take part in the program.

“We’re flexible about the precise ratios,” he said. “We’ve listened to business groups, employers saying to us: ‘Look, the micro-businesses, the really small mom-and-pop, owner-operated stores, they can’t necessarily afford to put up one-third of the money for the training costs.’ On the other hand, the big companies can afford to put in a lot more.”

The Federal Government is making headway in establishing another Government Business Grant that will be of particular use to small businesses across Canada. Although this program is not yet available, we encourage you to contact the Canadian Grants Business Center for information pertaining to the other programs currently available.

 

TAGS: SMALL BUSINESS GRANTS, GOVERNMENT GRANTS, GOVERNMENT GRANTS FOR BUSINESS, JOB GRANT, CANADIAN GOVERNMENT BUSINESS GRANTS, GOVERNMENT LOANS, GOVERNMENT SECURED LOANS, GOVERNMENT FUNDING, BUSINESS NEWS, GOVERNMENT GRANTS CANADA, CANADIAN GOVERNMENT GRANTS

Funding for Ontario Farming Association

 

Government of Canada invests in Ontario Farming Association

Niagara Falls, Ontario October 9th, 2013

The Harper Government is advancing Ontario’s greenhouse vegetable sector by investing in research and innovation. Parliamentary Secretary Pierre Lemieux, on behalf of Agriculture Minister Gerry Ritz, announced today an investment of $2.7 million to the Ontario Greenhouse Vegetable Growers (OGVG) during the Canadian Greenhouse Conference in Niagara Falls.

“The greenhouse sector provides Canadians with fresh, locally grown produce year-round and our government is proud to support this key industry,” said PS Lemieux. “This investment will contribute to the health and sustainability of the sector by helping to improve production capacity and product quality.” OGVG is a not-for-profit organization that represents all greenhouse tomato, pepper, and cucumber growers in Ontario-approximately 220 in total.

This investment will help to develop new products and practices to enhance the competitiveness of the greenhouse sector. Research will focus on improving the year-round production of greenhouse cucumber, pepper, and tomato crops, including improvements to yield and produce quality. The project will also enhance the environmentally sustainable practices of greenhouse production.

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Government Grants/Government Loans for Biolyse Pharma

 

Government of Canada invests in Ontario Drug Company

St. Catharines, Ontario September 26, 2013

The Honourable Gary Goodyear, Minister of State for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), alongside Rick Dykstra, Member of Parliament for St. Catharines, today announced a Government of Canada investment that will allow Biolyse Pharma to expand its facilities and product line of injectable chemotherapy drugs.

“Today, our Government’s commitment to investing in the development of a supportive environment for the region’s pharmaceutical manufacturing cluster is being showcased,” said MP Dykstra. “Getting our small- and medium-sized businesses the tools they need to stay productive and competitive is imperative.”

St. Catharines-based Biolyse Pharma produces generic chemotherapy and anti-cancer drugs for Canadian and international markets. Through FedDev Ontario’s Prosperity Initiative, Biolyse Pharma will receive an investment of up to $2.9 million to complete an expansion of its facilities and production capacity. This project is expected to create up to 59 new highly skilled full-time jobs, allowing the company to reach new markets and increase product diversification. “The significance of this repayable contribution is an encouragement to Biolyse to move forward with its development program, which will expand its line of vital medicines made by Canadians for Canadians,” said Claude Mercure, Owner of Biolyse Pharma.

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Government of Canada invests in WearWell Garments Limited

Government of Canada invests in WearWell Garments Limited

Stellarton, Nova Scotia September 11, 2013

The Honourable Peter MacKay, Minister of Justice and Attorney General of Canada and Regional Minister for Nova Scotia, announced that the clothing manufacturer, WearWell Garments Limited will be receiving financial assistance.

Founded in 1970, the Stellarton based company offers a complete line of clothing for various industries. All of the manufactured garments are made in Canada and produced in their out company facilities. “Jobs, growth and a strong, competitive regional economy are top priorities for our Government,” said Minister MacKay, on behalf of the Honourable Rob Moore, Minister of State (Atlantic Canada Opportunities Agency).

The WearWell Garment Company will use the financial assistance in order to increase their productivity and enhance competitiveness. “The finding we receive through this project will allow us to modernize our equipment, improving our productivity and enabling us to expand into new markets” said Stirling MacLean, President and Chief Operating Officer of WearWell Garments Limited. The Government of Canada will invest to the WearWell Garments Company in the form of a $47,760 repayable contribution.

“We are proud to support WearWell Garments as it increases its productivity and expands into new markets, creating economic growth in our rural community” concluded Minister Mackay.

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