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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Aerospace manufacturer receives funding from The Canadian Government

The (ACOA) Atlantic Canada Opportunity Agency is supporting Aerospace manufacturer Bradeans Tool & Die LTD. with a technology investment of around 64 thousand dollars in funding from ACOA.

Amherst, NS, January 21st, 2015

The business development program is to add an enterprise resource planning system, this system will track quality control data and assist the management in making timely informed decisions. Adding this system will eliminate duplicate data entry and improve overall operational efficiency. Bradeans co-owners are saying that they need to do this for the ability to grow the business, eliminate all the paperwork and allow employees to actually track what the costs will be for each job allow users to track delivery times. Efficiency will be improved dramatically.

The company builds built-to specifications products including drop hammer dies, stretched form blocks and injection moulds. By continuing and improving it’s infrastructure and processes the company has been able to meet the demanding requirements of the aerospace industry. One of the biggest improvement was to add a five-axis vertical milling center with a robotic arm. This machine produces highly complex parts with intricate shapes that will enable Bradeans to create new types of components with great efficiency. ACOA has provided 223 thousand dollars in repayable contributions to this project to that was valued well over 1 million dollars, the company itself will invest the rest of the money.

Innovation is very critical to support existing industries in Canada and to develop new ones, that’s why the Canadian Government is to committed to encourage technology adoption that will increase the productivity, growth and competitiveness of the business. Bradeans has become a local success by focusing on quality and precision. The Canadian government is proud to stand behind them as they continue to grow. The government says to continue to maximize our Atlantic region’s economic success we need smart thinking companies like Bradeans who know where the greatest business growth comes from by pursuing international markets. The success in this competitive manufacturing sector is the company’s ability to fund and implement the best technlogical advancements available.

Bradeans focus, always has been to bring this technology together with a highly motivated and skilled group of employees. This insures that they offer their current and future customers receive the quality and value they deserve. The company owners praise their employees for Bradeans success and will be adding 11 new employees to the team. The owners also said that this dedication has led to partnerships with aerospace leaders such as IMP, BOEING, SPIRIT AEROSYSTEMS, BOMBARDIER, BELL HELICOPTER, CESSNA, and SIKORSKY.

The Canadian government says that Bradeans has come along way since being established in 2002. Today it has become one of the industry leaders in Nova Scotia. The company specializied mainly in five-axis machining of tools and parts for the aircraft manufacturing sector.

TAGS: GOVERNMENT LOANS, GOVERNMENT BUSINESS LOANS, GOVERNMENT MANUFACTURING GRANTS, GOVERNMENT GRANTS FOR BUSINESS, GRANTS FOR MANUFACTURING, BUSINESS GRANTS, NEW BRUNSWICK BUSINESS FUNDING, CANADIAN GOVERNMENT BUSINESS GRANTS, GOVERNMENT FUNDING, BUSINESS NEWS, GOVERNMENT GRANTS CANADA, CANADIAN GOVERNMENT GRANTS, SMALL BUSINESS GOVERNMENT GRANTS

Government Business Loan for Seafood Processing Facility

Governments of Canada and New Brunswick Invest in Knocean Foods Ltd.

Scoudouc, NB, August 13th 2014

Knocean Foods Ltd., a value-added food processing company, announced news today of a combined investment from the Government of Canada and the Province of New Brunswick for equipment purchases for their newly built seafood processing facility, which will result in export sales and the creation of up to 25 new new jobs for the region.

The project involved the construction of a 23,000 square foot processing facility in the Scoudouc Industrial Park and the purchase of production equipment.

The facility is also expected to increase demand for locally sourced seafood especially lobster.

The Government of Canada and New Brunswick both invested $500,000 in the form of repayable loans in this project. New Brunswick also provided a $225,000 payroll rebate over 6 years for the creation and maintenance of 25 positions.

New Brunswick’s fish and seafood sector is a vital component of the province’s social and economic fabric. More than 7,000 New Brunswickers are employed in the province’s fish and seafood industry, which was responsible for an average of 21.3 percent of Canada’s fish and seafood exports to the world between 2010 and 2012.

One in five Canadian jobs is linked to exports, and the Government of Canada recognizes the important role that opening new markets plays in Canada’s long-term prosperity. That is why it has prioritized initiatives such as the Canada-European Union Comprehensive Economic and Trade Agreement and the Canada-Korea Free Trade Agreement – so that leading exporters can continue to grow and fuel the region’s prosperity for many years to come.

TAGS: GOVERNMENT FARM LOANS, GOVERNMENT BUSINESS LOANS, GOVERNMENT MANUFACTURING GRANTS, GOVERNMENT GRANTS FOR BUSINESS, GRANTS FOR MANUFACTURING, BUSINESS GRANTS, NEW BRUNSWICK BUSINESS FUNDING, CANADIAN GOVERNMENT BUSINESS GRANTS, GOVERNMENT FUNDING, BUSINESS NEWS, GOVERNMENT GRANTS CANADA, CANADIAN GOVERNMENT GRANTS

Government Grant for Clean Energy Manufacturing

CLEAN ENERGY FIRM RECIEVES FUNDING FROM THE GOVERNMENT OF CANADA TO PRODUCE BIO-BASED LUBRICANTS AND FUELS

Kingston, ON, July 15th 2014

Altranex Corporation has entered into a Contribution Agreement with the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP). Canada’s premier innovation assistance program for small- and medium-sized enterprises (SMEs). The funding under the agreement will share the cost for Altranex to scale-up the production of Altranex’s Altra-HF™ shipping fuel and other products. The financial support is up to $200,000.

“The NRC-IRAP program has recognized the innovative approach that Altranex has taken to making the shipping and lubricants industries more sustainable.” said Chad Joshi, CEO of Altranex. “This funding moves the company along the path towards the production of commercial quantities of product.”

“In our first year with NRC-IRAP support we were able to attract a multinational oil company as a co-investor at a faster pace than our plan. Advisory services provided by the NRC-IRAP Industrial Technology Advisor assigned to the file on other government funding programs and her connections to other companies and contacts in the Cleantech sector have been valuable.”

Altranex Corp. is a Kingston, Ontario-based bio-chemicals company that develops and markets bio-lubricants and commercial transportation fuels.

TAGS: GOVERNMENT LOANS, GOVERNMENT BUSINESS LOANS, GOVERNMENT GRANTS, GOVERNMENT GRANTS FOR BUSINESS, GRANTS FOR MANUFACTURING, BUSINESS GRANTS, ONTARIO BUSINESS FUNDING, CANADIAN GOVERNMENT BUSINESS GRANTS, GOVERNMENT FUNDING, BUSINESS NEWS, GOVERNMENT GRANTS CANADA, CANADIAN GOVERNMENT GRANTS

Government Small Business Loan for Music Manufacturer

Funding for Nova Scotia Based Music Company

Sydney, NS – June 6th, 2014

Billdidit Inc. of Sydney, NS a company that designs and produces innovative products for the music industry, has received a $500,000 repayable contribution from the Government of Canada to help build a facility for the production of hardware and accessories for drummers.

Background:

Billdidit has extensive experience in product development, commercialization, manufacturing management and technical support. The company primarily develops and sells drum and percussion related equipment.

The company’s products are used by amateur, recording and touring percussionists from around the world who perform with well-known artists of many musical genres.

They have developed products for domestic and international partners. They currently have four product patents and nine patents pending.

The new facility will focus on producing low to mid-volume products for Billdidit and Sabian Cymbals. It is expected to create 20 jobs immediately with the potential to add additional jobs as the facility ramps up production.

TAGS: GOVERNMENT LOANS, GOVERNMENT BUSINESS LOANS, GOVERNMENT GRANTS, GOVERNMENT GRANTS FOR BUSINESS, GRANTS FOR MANUFACTURING, BUSINESS GRANTS, ONTARIO BUSINESS FUNDING, CANADIAN GOVERNMENT BUSINESS GRANTS, GOVERNMENT FUNDING, BUSINESS NEWS, GOVERNMENT GRANTS CANADA, CANADIAN GOVERNMENT GRANTS

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.

TAGS: GOVERNMENT GRANTS, GOVERNMENT GRANTS FOR BUSINESS, GRANTS FOR BUSINESS, BUSINESS GRANTS, BUSINESS FUNDING, CANADIAN GOVERNMENT BUSINESS GRANTS, GOVERNMENT FUNDING, BUSINESS NEWS, GOVERNMENT GRANTS CANADA, CANADIAN GOVERNMENT GRANTS

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.

TAGS: GOVERNMENT LOANS, GOVERNMENT BUSINESS LOANS, GOVERNMENT GRANTS, GOVERNMENT GRANTS FOR BUSINESS, GRANTS FOR MANUFACTURING, BUSINESS GRANTS, ONTARIO BUSINESS FUNDING, CANADIAN GOVERNMENT BUSINESS GRANTS, GOVERNMENT FUNDING, BUSINESS NEWS, GOVERNMENT GRANTS CANADA, CANADIAN GOVERNMENT GRANTS

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.”

TAGS: GOVERNMENT GRANTS, GOVERNMENT GRANTS FOR BUSINESS, GRANTS FOR WOMEN, BUSINESS GRANTS FOR WOMEN, ONTARIO BUSINESS FUNDING, CANADIAN GOVERNMENT BUSINESS GRANTS, GOVERNMENT FUNDING, BUSINESS NEWS, GOVERNMENT GRANTS CANADA, CANADIAN GOVERNMENT GRANTS

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,

TAGS: GOVERNMENT GRANTS, GOVERNMENT GRANTS FOR BUSINESS, ONTARIO GRANTS, ONTARIO  LOANS, ONTARIO BUSINESS FUNDING, CANADIAN GOVERNMENT BUSINESS GRANTS, GOVERNMENT LOANS, GOVERNMENT, SECURED LOANS, GOVERNMENT FUNDING, BUSINESS NEWS, GOVERNMENT GRANTS CANADA, CANADIAN GOVERNMENT GRANTS, ONTARIO NEWS

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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