CanNor Jobs and Growth Fund — For-profit
YT, 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|terms_and_conditions
The CanNor Jobs and Growth Fund provides flexible funding solutions to support job creation and economic growth in the territories. The funding is structured to assist diverse business and organizational needs through various financing modalities.
- For-profit businesses can receive interest-free repayable contributions covering up to 50% of eligible project costs.
- Not-for-profit organizations are eligible for non-repayable contributions covering up to 90% of eligible project costs.
- Continuous intake of applications is available until allocated funds are fully disbursed.
grant_single_labels|projects
This grant supports activities aimed at driving economic growth and enhancing resilience within communities, with a focus on transitioning to a green economy, fostering inclusivity, and boosting competitiveness. Eligible activities are designed to adapt to market shifts and empower diverse groups in Canada.
- 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.
- Increase the participation of underrepresented groups in the economy by supporting not-for-profit organizations that provide funding, business services, training, and access to resources to build a more inclusive and equitable workforce.
- Support the development or adoption of digital and technological solutions to increase and promote business productivity.
- Invest in technologies that help scale businesses, enhance their 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 to build Canadian capacity in critical sectors such as food production, medical supplies, and biomanufacturing.
grant_single|admissibleProjectsExample
$ 250,000
Launching a biomanufacturing facility to produce medical supplies locally
$ 75,000
Developing an inclusive hiring initiative to support underrepresented groups in the technology sector
$ 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
$ 60,000
Establishing a digital supply chain management system for a local food production cooperative
$ 40,000
Implementing a digital solution to enhance productivity in a small art studio
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
Eligible companies for this grant must be located within the territories as the fund is delivered by the Canadian Northern Economic Development Agency (CanNor).
- Companies based in Yukon.
- Companies based in Northwest Territories.
- Companies based in Nunavut.
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.
