Community Investment Fund
NB, Canada
Support for NB non-profits
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|fromMinToMax
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|openingDateJuly 09, 2024
- grant_single|closingDateJuly 09, 2024
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Government of New Brunswick
- Regional Development Corporation
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grant_card_status|closed
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Get a non-repayable contribution to cover eligible costs of community initiatives such as festivals, national events, volunteer recognition events, and community growth initiatives.
grant_single_labels|projects
This grant is available to companies within a specific geographical scope managed by the Regional Development Corporation. However, specific eligible areas are not explicitly detailed in the provided context.
grant_single|admissibleProjectsExample
$25,000
Creating a community garden in downtown Halifax for urban beautification
$20,000
Upgrading community kitchen facilities with energy-efficient appliances
$10,000
Organizing an annual volunteer recognition event
$35,000
Beach restoration and beautification project
$45,000
Community hall accessibility upgrade
$40,000
Organizing a summer festival featuring local artists and vendors
grant_single_labels|admissibility
Eligibility for this grant is determined by specific criteria set by the Regional Development Corporation of New Brunswick.
- The applicant must be a legal entity such as a business, non-profit organization, or cooperative registered in New Brunswick.
- The applicant must demonstrate a tangible impact on regional economic development such as job creation or business growth.
- The project must align with the strategic priorities and economic goals of the New Brunswick government.
- The applicant must prove the financial and operational capability to execute the proposed project successfully.
- Applications must include a detailed project plan with clear objectives, timelines, and outcomes.
grant_eligibility_criteria|who_cannot_apply
Certain types of companies are not eligible for this grant. The following list includes the ineligible companies and organizational activities.
- Commercial or for-profit companies
- Organizations with ongoing operating costs including wages and salaries
- Fundraising campaign organizations
- Organizations aiming to cover deficits or retire debts
- Organizations looking to increase endowment funds
- Organizations with activities serving primarily religious or political purposes
- Individual applicants
- Organizations involved in tours or travel outside New Brunswick
- Organizations that have not completed terms of previous contributions
- Organizations looking to cover costs of land or related interests
- Organizations seeking to cover the cost of uniforms or licensed vehicles
- Organizations requiring firefighting equipment
- Organizations seeking sponsorship requests
- Organizations covering travel costs
grant_eligibility_criteria|eligible_expenses
This grant supports initiatives that aim to bolster regional development and economic growth within the province of New Brunswick. Eligible projects focus on enhancing community infrastructure, boosting entrepreneurial activities, and fostering innovation in various sectors.
- Development and revitalization of community infrastructure projects.
- Support for business expansion and entrepreneurial ventures.
- Initiatives aimed at workforce development and training.
- Projects promoting environmental sustainability and resilience.
- Research and development activities to drive innovation and competitiveness.
- Cultural and tourism initiatives that enhance local attractions and experiences.
grant_eligibility_criteria|zone
The grant covers expenses that are essential to project execution and completion.
- Personnel costs including salaries and benefits directly related to the project.
- Purchase and rental of equipment necessary for project deployment.
- Materials and supplies that are indispensable to the project's needs.
- Travel expenditures necessary for project activities.
- Professional service fees which are crucial for project success.
grant_single_labels|criteria
Yes, there are evaluation and selection criteria for this grant. The proposals must meet eligibility requirements, demonstrate alignment with program objectives, and not be eligible for other provincial funding, except for SEED funding for students.
- Meet the eligibility requirements
- Demonstrate that the project is directly linked to one of the Program’s objectives
- Not be eligible to receive any other funding from the Province (except SEED funding for students)
grant_single_labels|register
- Step 1: Identify Project Eligibility
- Review the CIF guidelines to ensure your project aligns with one of the funding categories: Community Growth Initiatives, Community Events & Festivals, or Indigenous-led Community Events.
- Ensure the project is not eligible for other provincial funding programs and falls under the objectives of CIF.
- Step 2: Prepare Application Documents
- Gather necessary documents and information, such as a detailed project description, budget, program of activities for events, and any other required paperwork.
- Ensure you have proof of non-profit or charitable incorporation, if applicable.
- Step 3: Submit Application
- Submit the completed application with all required documents to the Regional Development Corporation (RDC) according to the specified procedures.
- Step 4: RDC Evaluation
- RDC officers will review your application, consult with line departments if needed, and ensure it meets all eligibility requirements.
- Your local MLA will be consulted to help identify funding priorities.
- Step 5: Funding Approval
- The President of the RDC will approve funding for projects based on merit and consultation with the local MLA.
- Step 6: Reporting
- Submit a final activity report, financial report, and any supporting documentation, such as invoices and proof of payments, after the project or event completion.
- Ensure all payments come from the applicant and cash transactions are not accepted.
grant_single_labels|otherInfo
The grant includes procedures for reporting requirements and management responsibilities.
- Supporting documentation required includes final activity report, financial report, audited financial statements, invoices and proof of payments, legal agreements, and any other necessary documentation.
- The Regional Development Corporation manages the CIF, handling application reception, assessment, and evaluation.
- The President of the Regional Development Corporation has the authority to approve funding for projects.
- The local MLA is consulted to identify funding priorities for their riding during the evaluation process, although projects can be approved based on merit if the MLA does not respond in a timely manner.
Apply to this program
Driving Economic Growth in New Brunswick
This grant, administered by the Regional Development Corporation, offers financial assistance to help stimulate economic progress within the province of New Brunswick. It aims to support projects that enhance regional capabilities and competitiveness.
Understanding the Regional Development Corporation Grant
The Regional Development Corporation Grant in New Brunswick is a strategic initiative aimed at bolstering economic activities across the province through targeted financial support. This grant is designed to accommodate the diverse needs of businesses and organizations that are committed to enhancing regional development and economic resilience. Whether it's supporting infrastructure projects, fostering innovation, or aiding business development, the grant opens up avenues for economic revitalization across different sectors and communities in New Brunswick.
The funds provided through this grant can be pivotal in redefining regional economic structures. They enable enterprises, particularly small and medium-sized businesses, to invest in areas that will contribute significantly to their growth and sustainability. This might include upgrading technological capabilities, improving operational infrastructures, or deploying environmentally sustainable practices that align with broader provincial and national economic goals.
A key component of this grant is its focus on collaboration among various stakeholders. By encouraging partnerships between private businesses, government entities, and community organizations, the grant fosters an environment conducive to cohesive regional development. Such collaboration is essential for addressing unique local challenges and leveraging regional strengths, ensuring that economic benefits are widespread and inclusive.
Furthermore, grant recipients are expected to outline clear and measurable goals in their project proposals, demonstrating how the funding will lead to tangible outcomes. This requirement ensures accountability and maximizes the potential for successful project implementation, with an emphasis on projects that promise a lasting economic impact.
The application process for the Regional Development Corporation Grant is designed to be thorough yet accessible, aiming to identify those projects that hold the most promise for fostering substantial regional advancement. Decision-making is based on criteria such as project feasibility, innovation, sustainability, and alignment with the overarching economic objectives of the New Brunswick government.
With an emphasis on supporting economic expansion and sustainability, this grant plays a crucial role in New Brunswick’s strategic vision for its economic future. It not only provides the necessary financial backing to push innovative and transformative projects forward but also serves as a catalyst for long-term economic prosperity within the province. Eligible enterprises interested in applying should be prepared to demonstrate how their projects will contribute to enhancing competitiveness and leading to significant economic improvements.
Ultimately, the Regional Development Corporation Grant represents a crucial investment into the province’s economic landscape. It provides businesses and institutions with the resources and capacity needed to maneuver and thrive in a changing economic environment, driving innovation and growth while addressing local economic development challenges head-on. Beneficiaries are positioned to contribute to the economic fabric of New Brunswick actively, ensuing positive economic ripple effects throughout the region.
