CanNor Jobs and Growth Fund — For-profit
At a glance
- 50% of project cost
- Open Date : July 21, 2021
- All industries
- Canadian Northern Economic Development Agency
- Government of Canada
Overview
Eligibility criteria
The Jobs and Growth Fund provides funding to businesses and organizations to help create jobs and position local economies for long-term growth. Eligible applicants include businesses, not-for-profit organizations, and community economic development partners. Indigenous-led organizations and/or businesses are strongly encouraged to apply.
- Businesses, including co-operatives
- Not-for-profit organizations and community economic development partners
Who is eligible
Eligible applicants for the Jobs and Growth Fund include businesses, including co-operatives, as well as not-for-profit organizations and community economic development partners. Indigenous-led organizations and/or businesses are strongly encouraged to apply, with RDAs able to contribute up to 100 percent of eligible project costs for projects with Indigenous clients.
- Businesses, including co-operatives.
- Not-for-profit organizations and community economic development partners.
Who is not eligible
Some types of companies are not eligible for this grant. Businesses created after January 2020 that do not meet eligibility criteria are not eligible to apply for the Jobs and Growth Fund.
- Businesses created after January 2020 that do not meet eligibility criteria
Eligible expenses
Eligible expenses for the Jobs and Growth Fund grant include costs related to activities supporting the transition to a green economy, fostering an inclusive recovery, preserving competitiveness through digital adoption, and strengthening capacity in critical sectors. Eligible expenses can be financed through interest-free repayable contributions for businesses and non-repayable contributions for not-for-profit organizations.
- Clean technology development and adoption
- Planning for sustainable economic growth
- Support for organizations in transitioning to a green economy
- Fostering an inclusive recovery for underrepresented groups
- Digital and technological solutions adoption
- Capacity building in critical sectors for Canada's recovery and growth
Eligible projects & activities
There are eligible projects and activities for the Jobs and Growth Fund grant:
- Support the development and adoption of clean technology.
- Help communities and businesses plan and drive clean, sustainable economic growth.
- Partner with organizations to catalyze the development of green regional clusters.
- Work with organizations supporting businesses to transition to a green economy.
- Support businesses owned or majority-led by underrepresented groups, such as Indigenous peoples, members of racialized communities, women, youth, LGBTQ2, persons with disabilities, newcomers to Canada, and members of official language minority communities.
- Support the development or adoption of digital and technological solutions to increase and promote business productivity.
- Support scale-up and market expansion activities that bolster traditional areas of strength.
- Develop emerging areas of global competitive advantage.
- Support supply chain adaptation and diversification opportunities to build Canadian capacity in critical sectors such as food production, medical supplies, and biomanufacturing.
Evaluation & selection criteria
The evaluation and selection criteria for the Jobs and Growth Fund include:
- Demonstrated impact on job creation and economic growth
- Alignment with the program's objectives and priorities
- Evidence of community benefits and sustainability
- Capacity to implement the proposed project
- Innovation and potential for long-term success
- Support for underrepresented groups and inclusivity
- Contribution to the green economy and technological adoption
How to apply
- Step 1: Review the eligibility criteria and ensure your business or organization qualifies for the Jobs and Growth Fund.
- Step 2: Prepare a detailed project proposal outlining how your activities align with the fund's objectives and the specific outcomes you aim to achieve.
- Step 3: Complete the application form and submit it along with all required supporting documents to the appropriate regional development agency or CanNor office.
Jobs and Growth Fund Grant Summary
The Jobs and Growth Fund provides funding to businesses and organizations to create jobs, support the transition to a green economy, foster an inclusive recovery, and strengthen Canada's competitiveness. Eligible applicants include businesses, not-for-profit organizations, and Indigenous-led organizations.
Jobs and Growth Fund Grant Details
The Jobs and Growth Fund, delivered by Canada's regional development agencies, offers financial support to help businesses and organizations drive economic growth and create employment opportunities. With a focus on promoting a green economy, advancing inclusivity, and enhancing digital adoption, the Fund aims to support projects that contribute to long-term sustainability and competitiveness.
Eligible activities under the fund include developing clean technology, promoting sustainable economic growth, enhancing digital capabilities, and supporting sectors critical to Canada's recovery. Businesses can receive up to 50% in interest-free repayable contributions, while not-for-profit organizations may qualify for non-repayable contributions of up to 90% of eligible costs.
Indigenous-led organizations and businesses are encouraged to apply, with the potential for RDAs to cover up to 100% of project costs for Indigenous clients. The Fund prioritizes initiatives that benefit underrepresented groups, including Indigenous peoples, women, youth, persons with disabilities, and newcomers to Canada, aiming to build a more inclusive and equitable workforce.
By investing in projects that boost clean technology adoption, drive sustainable growth, and strengthen digital capabilities, the Jobs and Growth Fund aims to position local economies for future success while creating employment opportunities across various sectors. Applications are accepted on a continuous intake basis until the allocated funding is fully utilized.
Beyond financial assistance, the Fund offers a strategic opportunity for businesses and organizations to align their operations with the principles of sustainable development, inclusivity, and technological advancement. Through collaborative initiatives and innovative projects, recipients can contribute to building a more resilient and competitive economic landscape for Canada's future.
