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 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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