ACOA Jobs and Growth Fund — For Profit
NB, Canada
Money to future-proof your Atlantic Canada for-profit business
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Manufacturing
- Health care and social assistance
grant_single|grantors
- Atlantic Canada Opportunities Agency (ACOA)
- Government of Canada
grant_single|status
grant_card_status|open
grant_single_labels|preview
If your business is working on a project to transition to a green economy, foster an inclusive recovery, become more competitive and create jobs for Canadians, you could get an interest-free, repayable contribution for up to 50% of the project’s costs.
grant_single_labels|projects
Activities eligible for the Jobs and Growth Fund include:
- Supporting the development and adoption of clean technology
- Helping communities and businesses plan and drive clean, sustainable economic growth
- Partnering with organizations to catalyze the development of green regional clusters
- Working with organizations supporting businesses to transition to a green economy
- Supporting businesses owned or majority-led by under-represented groups
- Increasing the participation of under-represented groups in the economy
- Supporting the development or adoption of digital and technological solutions
- Investing in technologies that help scale businesses and increase resilience
- Supporting scale-up and market expansion activities in critical sectors
- Developing emerging areas of global competitive advantage
- Supporting supply chain adaptation and diversification opportunities
grant_single|admissibleProjectsExample
$250,000
Vancouver
Implementing solar panels on community centers to drive green, sustainable growth
$150,000
Calgary
Launching a workforce training program for under-represented groups in clean tech
$225,000
Winnipeg
Adopting blockchain technology for supply chain transparency in agricultural sector
$200,000
Halifax
Creating an inclusive coding bootcamp for under-represented communities
$375,000
Toronto
Developing an AI-driven platform to enhance supply chain resilience and diversification
$450,000
Montreal
Developing a bioplastic production facility to reduce plastic waste and create jobs
grant_single_labels|admissibility
- Eligible applicants:
- Businesses, including co-operatives
- Non-profit organizations and community economic development partners
- Indigenous applicants
- Eligible activities:
- Support the transition to a green economy
- Foster an inclusive recovery
- Preserve Canada’s competitiveness and future-proof SMEs through digital adoption
- Strengthen capacity in critical sectors
grant_eligibility_criteria|who_can_apply
Under the Jobs and Growth Fund grant, eligible types of companies include businesses, non-profit organizations, community economic development partners, and Indigenous applicants. Indigenous-led organizations and businesses are strongly encouraged to apply, with RDAs potentially covering up to 100% of eligible project costs for projects with Indigenous clients.
- Businesses, including co-operatives
- Non-profit organizations and community economic development partners
- Indigenous applicants
grant_eligibility_criteria|who_cannot_apply
Some types of companies are not eligible for the Jobs and Growth Fund grant in Canada:
- Businesses created before January 2020.
grant_eligibility_criteria|eligible_expenses
The Jobs and Growth Fund provides funding for activities that support the transition to a green economy, foster an inclusive recovery, enhance competitiveness, and strengthen critical sectors for growth. Eligible expenses may include but are not limited to:
- Development and adoption of clean technology
- Planning and driving sustainable economic growth
- Supporting under-represented groups in the economy
- Digital adoption and technological solutions
- Scale-up and market expansion activities
- Supply chain adaptation and diversification opportunities
grant_single_labels|criteria
The Jobs and Growth Fund has evaluation and selection criteria. Eligible projects are assessed based on their alignment with the fund's objectives and their potential impact on job creation and economic growth.
- Alignment with fund objectives
- Potential impact on job creation
- Potential impact on economic growth
- Feasibility and sustainability of the project
- Ability to leverage other sources of funding
- Benefits to under-represented groups or communities
grant_single_labels|register
- Step 1:
- Consult the applicant guide to review eligibility criteria and program details.
- Step 2:
- Fill out the Jobs and Growth Fund application form online.
- Send the completed form either through the application for financial assistance page or by mail to the ACOA regional office in your province.
- Step 3:
- Wait for a response regarding the status of your application.
- Ensure all required documents and information are provided for assessment.
grant_single_labels|contact
1-888-576-4444
Apply to this program
Jobs and Growth Fund Overview
The Jobs and Growth Fund is a government initiative managed by Canada's regional development agencies to support businesses, non-profit organizations, and Indigenous applicants in creating jobs and fostering long-term economic growth. The fund provides financial assistance for projects that focus on transitioning to a green economy, promoting inclusivity, enhancing competitiveness, and strengthening critical sectors across the country.
Exploring the Jobs and Growth Fund
The Jobs and Growth Fund, administered by the Atlantic Canada Opportunities Agency (ACOA) in Atlantic Canada and other regional agencies nationwide, aims to stimulate economic development by offering funding opportunities to eligible entities. This initiative prioritizes projects that align with key pillars such as transitioning to a green economy, fostering inclusivity, enhancing competitiveness through digital adoption, and strengthening critical sectors for future growth. By providing financial support, the program enables businesses and organizations to implement strategies that create jobs, drive innovation, and contribute to sustainable economic progress.
Eligibility and Activities
Eligible applicants for the Jobs and Growth Fund include businesses, non-profit organizations, community economic development partners, and Indigenous-led entities. The program encourages Indigenous applicants to participate, with the possibility of funding up to 100% of project costs for projects involving Indigenous clients. Supported activities focus on transitioning to a green economy by promoting clean technology, sustainable growth planning, and the development of green regional clusters. Additionally, the fund supports initiatives that foster inclusivity by assisting under-represented groups, enhancing competitiveness through digital adoption, and strengthening critical sectors crucial to Canada's recovery and growth.
Funding Opportunities
Businesses may receive interest-free repayable contributions for up to 50% of eligible costs, while non-profit organizations could access non-repayable contributions for up to 90% of eligible expenses. The fund operates on a continuous intake basis until the allocated funds are fully allocated, providing applicants with flexibility in submitting their proposals. By leveraging this financial assistance, recipients can undertake projects that drive innovation, enhance productivity, and contribute to the long-term economic prosperity of their communities and regions.
Application Process
Potential applicants are encouraged to consult the applicant guide provided by the ACOA before submitting their project proposals. The online application form should be completed accurately, ensuring that all required information is provided. Applicants can then submit their forms via the ACOA regional office in their respective province or through the online application portal. The ACOA's Business Information Services team is available to assist applicants in determining their eligibility and navigating the application process effectively.
Conclusion
The Jobs and Growth Fund represents a valuable opportunity for businesses, non-profit organizations, and Indigenous applicants to access financial support for projects that drive job creation, economic growth, and sustainability. By aligning with the fund's objectives and submitting compelling project proposals, applicants can secure funding to implement initiatives that contribute to a greener, more inclusive, and competitive economy while bolstering critical sectors essential for Canada's recovery and future prosperity.
