Economic Development Fund — Tier 1

Who is eligible?

This Economic Development Fund targets a range of applicants from Yukon businesses to governmental and non-profit organizations within the region, all aiming to achieve economic growth and diversification.

• A Yukon business that meets 3 of the following conditions:
  • has an office with a physical address in Yukon;
  • is subject to the Yukon Income Tax Act;
  • is registered under the Business Corporations Act and the Partnership and Business Name Act, where applicable; or
  • has a valid municipal business license, where applicable.
• Yukon First Nation governments;
• Yukon First Nation development entities, which include corporations, partnerships, joint ventures, or trusts;
• Yukon municipal governments;
• Community societies or industry associations that:
  • are registered under the Yukon Societies Act and are in good standing;
  • are based in one or more Yukon communities;
  • are open to public membership;
  • can demonstrate a clear interest in improving Yukon’s economic development;
• Not-for-profit corporations incorporated under the Canada Not-for-profit Corporations Act.

Who is not eligible

Some types of companies are not eligible for this grant, including:

• Companies that do not meet the specified eligibility criteria outlined in the Yukon Economic Development Fund guidelines.
• Businesses that do not have a physical presence, are not registered under relevant acts, or lack a valid municipal business license in Yukon.

Eligible expenses

The Economic Development Fund aims to bolster economic activities that provide lasting benefits to the Yukon community. Eligible projects encompass a wide range of business enhancements, market expansions, and capacity development endeavors.

• Creation of business plans to guide growth and innovation.
• Conducting market research to identify new opportunities and trends.
• Crafting and implementing marketing plans for expanded reach.
• Organization and promotion of events targeting marketing and investment.
• Building organizational capacity for improved business operations.
• Participating in trade and investment events to enhance market presence.
• Conducting post-project analysis and support for continued development.
• Facilitating professional development workshops on various business topics.
• Producing promotional materials for new and existing markets.
• Formulating and enacting training plans to upskill the workforce.
• Procurement of capital assets crucial for project implementation.
• Covering capital costs directly linked to project goals.
• Supporting project implementation to ensure successful outcomes.
• Improvements in leaseholds to enhance operational facilities.
• Travel expenses for project-related purposes, limited to economy fares and standard accommodation.

Eligible geographic areas

This grant is available to businesses and organizations situated within Yukon, aiming to foster regional economic development and sustainability. The eligibility is specific to entities based in the communities across Yukon.

• Companies with a physical presence located in Yukon.
• Programs and initiatives within Yukon communities.

Here are additional relevant details for this grant:

• The Economic Development Fund supports projects aimed at contributing positively to Yukon's climate change mitigation strategy, "Our Clean Future."
• Tier 1 applications are accepted on a rolling basis, allowing for flexibility in project initiation and planning.
• The grant provides a comprehensive list of both eligible and ineligible expenses to guide applicants in budget planning.
• The fund prioritizes long-term outcomes, such as improving the overall health and wellbeing of Yukoners and increasing skills in Yukon’s workforce.