Grant and Funding Programs Offered by Government of New Brunswick

The Government of New Brunswick plays a pivotal role in promoting economic growth and development within the province. As one of the maritime provinces in Canada, New Brunswick understands the importance of supporting both businesses and non-profit organizations to sustain a vibrant economy and enhance the quality of life for its residents. Through a variety of grants and funding opportunities, the government aims to stimulate innovation, encourage entrepreneurship, and enable non-profit communities to thrive. For businesses, the provincial government offers several funding programs to help them start, grow, and expand. One of the key initiatives is the New Brunswick Small Business Investor Tax Credit. This program encourages local investment in small businesses by providing tax credits to individuals and corporations who invest in eligible businesses located within the province. This not only helps businesses access the necessary capital for growth but also incentivizes local investors to support New Brunswick entrepreneurs. Another significant business support initiative is the Opportunities New Brunswick (ONB) agency. Acting as the provincial crown corporation responsible for attracting and supporting business development, ONB offers various financial tools to help businesses overcome challenges and capitalize on opportunities. From payroll rebates to export development support, ONB provides tailored assistance to ensure businesses can effectively contribute to the economic landscape of New Brunswick. For innovation-driven companies, the New Brunswick Innovation Foundation (NBIF) is a vital resource. NBIF provides funding to foster research and development within the province, offering grants that support innovative projects in sectors such as information technology, energy, and health. These grants are crucial for facilitating the advancement of technology and fostering a culture of innovation among New Brunswick businesses. The government also recognizes the significant role that non-profit organizations play in community development and social well-being. To support these organizations, the government offers several funding initiatives. The Regional Development Corporation (RDC) provides funding for infrastructure and community development projects across the province. This can include anything from building new community centers to enhancing recreational facilities, all of which contribute to strengthening local communities. Additionally, the New Brunswick Department of Social Development has various grant programs tailored to support non-profit organizations focused on social services. These grants help non-profits provide essential services to vulnerable groups, such as seniors, children, and low-income families, ensuring that they can lead more equitable and fulfilling lives. Non-profit organizations in New Brunswick can also benefit from funding aimed at cultural development through programs like the New Brunswick Arts Board. This initiative provides financial support for artists and cultural organizations, promoting the province’s rich cultural heritage and encouraging the growth of its arts sector. In conclusion, the Government of New Brunswick is committed to fostering a supportive environment for businesses and non-profit organizations through a wide array of grants and funding opportunities. By providing financial assistance and incentives, the government not only enhances economic development and job creation but also bolsters the social and cultural fabric of the province. These efforts collectively contribute to a resilient and prosperous New Brunswick, benefiting both its current residents and future generations.