Community Investment Fund

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.

Who is not eligible

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

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.

Eligible geographic areas

This grant is available to companies located in specific geographical areas determined by the Government of New Brunswick's Regional Development Corporation. These areas are defined to support local economic growth initiatives.

• Businesses located within the Province of New Brunswick.

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)

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.