CanNor Jobs and Growth Fund — For-profit
Canada
Money to future-proof your for-profit business in Northern Canada
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|openingDateJuly 21, 2021
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Agriculture, forestry, fishing and hunting
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services
- Health care and social assistance
grant_single|grantors
- Government of Canada
- Canadian Northern Economic Development Agency (CANNOR)
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
This grant is delivered by Canada's regional development agencies (RDAs), including the Canadian Northern Economic Development Agency (CanNor) for the territories. Eligible geographical areas are aligned with the regions managed by these agencies.
- The territories of Canada, as covered by CanNor.
- Regions managed by Canada's regional development agencies (RDAs).
grant_single|admissibleProjectsExample
$75,000
Developing an inclusive hiring initiative to support underrepresented groups in the technology sector
$40,000
Implementing a digital solution to enhance productivity in a small art studio
$150,000
Developing a green regional cluster focusing on renewable energy and clean technologies
$100,000
Implementing a solar panel system to reduce energy costs for a small manufacturing plant
$250,000
Launching a biomanufacturing facility to produce medical supplies locally
$60,000
Establishing a digital supply chain management system for a local food production cooperative
grant_single_labels|admissibility
Eligibility for the Jobs and Growth Fund grant is determined by specific criteria that applicants must meet.
- The applicant must be a business, including co-operatives, or a not-for-profit organization and community economic development partner.
- Indigenous-led organizations and/or businesses are strongly encouraged to apply.
- For projects with Indigenous clients, Regional Development Agencies (RDAs) may fund up to 100 percent of eligible project costs.
- Businesses established after January 2020 may qualify for a dedicated portion of the funding if they meet the eligibility criteria.
grant_eligibility_criteria|who_can_apply
Eligible applicants for the Jobs and Growth Fund include businesses, including co-operatives, not-for-profit organizations, and community economic development partners. Indigenous-led organizations and businesses are strongly encouraged to apply and may receive up to 100% of eligible project costs for projects involving Indigenous clients, indicating a focus on inclusive support.
grant_eligibility_criteria|who_cannot_apply
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
grant_eligibility_criteria|eligible_expenses
The Jobs and Growth Fund aims to boost Canada's economic resilience through targeted initiatives. Eligible activities focus on transitioning to a green economy, fostering inclusivity, enhancing digital adoption, and strengthening critical sectors.
- 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.
- Increase the participation of underrepresented groups in the economy by supporting not-for-profit organizations.
- Support the development or adoption of digital and technological solutions to increase and promote business productivity.
- Invest in technologies that help scale businesses, enhance capabilities, and increase resilience.
- 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 in critical sectors like food production and medical supplies.
grant_eligibility_criteria|zone
The grant covers expenses associated with activities that align with the goals of transitioning to a green economy, fostering inclusion, enhancing competitiveness, and strengthening critical sectors.
- Development and adoption of clean technology and digital solutions.
- Planning and implementation activities for sustainable economic growth.
- Partnership initiatives for green regional cluster development.
- Activities supporting underrepresented groups in business and economy.
- Scale-up and market expansion activities in traditional and emerging sectors.
- Supply chain adaptation and diversification efforts.
grant_single_labels|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
grant_single_labels|register
- Step 1: Identify Eligibility
- Determine whether you are a business, cooperative, not-for-profit organization, or Indigenous-led organization that meets the eligibility criteria of the fund.
- Step 2: Project Development
- Develop a project that supports one or more eligible activities such as transitioning to a green economy, fostering an inclusive recovery, or enhancing competitiveness.
- Ensure the project aligns with the goals of the Jobs and Growth Fund.
- Step 3: Prepare Application
- Gather all necessary documentation, including detailed descriptions of project activities, objectives, and expected outcomes.
- Prepare a budget outlining eligible costs and requested funding amounts.
- Step 4: Submit Application
- Contact the Canadian Northern Economic Development Agency (CanNor) for application guidance.
- Submit your completed application and supporting documents to CanNor via their provided contact methods, such as email or through their regional offices.
- Ensure the application is submitted as soon as possible since applications are accepted on a continuous intake basis until funds are fully allocated.
- Step 5: Application Confirmation
- Await confirmation from CanNor regarding the receipt of your application.
- Track your application status if available and follow up if necessary.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- Continuous intake allows for flexibility in timing for application submissions.
- Priority may be given to projects that demonstrate strong potential for job creation and economic impact in their regions.
- Potential applicants might consider partnering with local organizations or stakeholders to strengthen their proposal.
Apply to this program
Invest in Canada's Future with the Jobs and Growth Fund
The Jobs and Growth Fund is an initiative by the Canadian government providing financial support to businesses and organizations aiming to create jobs and foster sustainable economic growth. Managed through regional development agencies, it focuses on enhancing competitiveness, building resilience, and supporting the transition to a green economy across Canada.
Deep Dive into the Jobs and Growth Fund and Its Strategic Objectives
The Jobs and Growth Fund is a cornerstone initiative designed to revitalize local economies across Canada by allocating $700 million over three years, with a specific focus on wages and employment growth within businesses and community organizations. Aspiring to bridge economic gaps exacerbated by recent global challenges, this fund underscores the importance of transitioning to a green economy while ensuring an inclusive recovery that accounts for every Canadian demographic.
At the heart of this fund is its commitment to sustainability and innovation. Eligible projects are those that significantly contribute to the development and adoption of clean technology. Whether it is through aiding creative technological solutions that drive sustainable growth or orchestrating partnerships that foster the growth of green clusters, the fund aims to position Canada as a leader in the green economy.
Moreover, the program endorses inclusivity by fostering opportunities for businesses owned by underrepresented groups, such as Indigenous peoples, women, youth, and others. By supporting these groups, the program not only catalyzes job creation but also strengthens Canada’s social fabric, reflecting the diverse talent and perspectives that drive innovation and growth.
Technological advancement is another crucial pillar of the Jobs and Growth Fund. It supports businesses that embrace digital solutions and technologies contributing to Industry 4.0, thereby preserving Canada's competitiveness on the world stage. Whether it's facilitating the creation of resilient supply chains or being at the forefront of digital adoption, the fund seeks to fortify SMEs to withstand evolving market dynamics and to scale operations seamlessly.
Particularly noteworthy is the fund’s design to cater to Indigenous-led organizations, allowing for up to 100 percent funding of eligible projects, hence empowering Indigenous communities to lead transformative projects. This aspect emphasizes the fund’s commitment to reconciliation and achieving equitable growth opportunities for Indigenous peoples, ensuring they are not mere participants but leaders in Canada’s economic journey.
From nurturing new businesses formed post-January 2020 to enhancing capabilities in established sectors, the Jobs and Growth Fund offers tailored financial interventions for businesses and not-for-profits. Interest-free, repayable contributions for eligible businesses and non-repayable financial support for not-for-profits establish a differentiated approach that suits various financial capacities and project scopes.
Ultimately, the Jobs and Growth Fund represents a strategic investment into the economic and social future of Canada. By prioritizing green initiatives, fostering inclusivity, enhancing competitiveness, and bolstering critical sectors, it stands as a beacon of sustainable growth and national prosperity. This fund not only supports immediate economic recovery but also establishes a sustainable framework for continued development and innovation.
