Economic Development Fund — Tier 1
YT, Canada
Funding for small business projects in Yukon
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Department of Economic Development (YK)
- Government of Yukon
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grant_card_status|open
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Get up to $30,000 to cover up to 75% of eligible project costs and 50% of capital expenses for a development project that provides long-term, sustainable economic benefits to Yukoners and Yukon communities.
grant_single_labels|projects
Examples of eligible activities for this grant include:
- Business plans
- Market research
- Marketing plans
- Organization and promotion of marketing and investment events
- Organizational capacity development
- Participation in trade and investment events
- Post-project analysis and support
- Professional development workshops on business topics
- Promotional materials for new markets and market expansion
- Training plans
- Capital assets
- Capital costs
- Implementation support
- Leasehold improvements
grant_single|admissibleProjectsExample
$12,750
Carcross
Create promotional materials for expanding market reach of a Yukoner artisan collective
$7,500
Dawson City
Organize an investment event for local startups
$15,000
Watson Lake
Leasehold improvements for a new non-profit art gallery
$17,250
Whitehorse
Develop a training plan for employees of a financial cooperative
$9,000
Haines Junction
Participate in an international trade show to promote Yukon tourism
$18,750
Whitehorse
Develop a comprehensive business plan for a new cooperative grocery store
grant_single_labels|admissibility
The eligibility criteria for this grant include:
- A Yukon business with a physical address or subject to Yukon tax laws
- Yukon First Nations, municipal governments, community societies, industry associations, and non-profit corporations
grant_eligibility_criteria|who_can_apply
There are various types of companies eligible for this grant. Eligible entities include Yukon businesses, Yukon First Nation governments, Yukon municipal governments, community societies, industry associations, and registered not-for-profit corporations.
- Yukon businesses with a physical address in Yukon
- Yukon First Nation governments
- Yukon municipal governments
- Community societies and industry associations based in Yukon communities
- Registered not-for-profit corporations under the Canada Not-for-profit Corporations Act
grant_eligibility_criteria|who_cannot_apply
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.
grant_eligibility_criteria|eligible_expenses
Eligible expenses for this grant include business plans, market research, marketing plans, organization and promotion of marketing and investment events, organizational capacity development, participation in trade and investment events, post-project analysis and support, professional development workshops on business topics, promotional materials for new markets and market expansion, training plans, capital assets, capital costs, implementation support, leasehold improvements, and travel costs.
- Business plans
- Market research
- Marketing plans
- Organization and promotion of marketing and investment events
- Organizational capacity development
- Participation in trade and investment events
- Post-project analysis and support
- Professional development workshops on business topics
- Promotional materials for new markets and market expansion
- Training plans
- Capital assets
- Capital costs
- Implementation support
- Leasehold improvements
- Travel costs (limited to specific conditions)
grant_single_labels|criteria
There are evaluation and selection criteria for this grant. The project criteria serve as the evaluation and selection guidelines.
- An enhanced environment for joint ventures and other investment opportunities
- Sector attracting increased investment
- Improved organizational and enterprise capacity
- Use and creation of innovative business methods, tools, approaches, and opportunities
- Successful joint ventures with beneficial community economic impacts
- Increase in private sector employment
- Diversification of the economy between and within sectors
- Increase in the number of new or expanded business enterprises
- Coordinated regional economic development planning projects
grant_single_labels|register
- Contact an Economic Development Fund program advisor to find out if your project is eligible.
- Complete and submit your application before the deadline.
grant_single_labels|otherInfo
- Be aware that costs incurred before project approval decisions, including volunteer time, are ineligible for funding.
- Projects that fall under the normal responsibility of a Government of Yukon department, municipal authority, or First Nation are not eligible for funding.
- Travel costs are limited to the lowest economy airfare, standard room accommodation, and per diems not exceeding the posted Yukon government rate.
grant_single_labels|contact
edf@yukon.ca
867-456-3803
Apply to this program
Grant Summary
The Economic Development Fund is designed to support projects that drive long-term economic benefits in Yukon by fostering business innovation, sustainability, and competitiveness. Eligible applicants include Yukon businesses, First Nation governments, municipal governments, community societies, industry associations, and not-for-profit corporations.
Comprehensive Overview of the Economic Development Fund
The Economic Development Fund in Yukon aims to enhance economic growth and sustainability through funding projects that promote innovation, diversification, and competitiveness. This fund, which replaces several previous economic development funds, targets initiatives with lasting positive impacts on Yukon communities and residents.
Eligible applicants can receive funding for up to 75% of project costs and 50% of capital expenses, up to specified maximums based on project tiers. The fund supports various activities such as business planning, market research, capacity development, and participation in trade events to drive economic advancement in the region.
Projects supported by the fund are expected to deliver immediate outcomes like improved investment environments, enhanced organizational capacities, and increased employment, contributing to a diversified economy and sustainable growth. Long-term goals include fostering wealth creation, skills development, business expansion, and aligning with Yukon's climate change mitigation strategy.
Applicants are encouraged to align their proposals with the fund's criteria, focusing on generating tangible benefits for Yukon's economy and communities. Additionally, the fund emphasizes transparency, accountability, and positive outcomes that align with Yukon’s economic development objectives.
Interested organizations can access funding by submitting detailed applications that clearly outline their project's goals, outcomes, and alignment with the fund's criteria. The fund's application process involves deadlines for different tiers, with ongoing opportunities for eligible projects at Tier 1 and specific submission dates for higher project tiers.
Ineligible expenses are also defined to ensure that the fund's resources are allocated effectively and efficiently to support initiatives that directly contribute to Yukon’s economic development. By following the application guidelines and demonstrating the potential positive impacts of their projects, applicants have the opportunity to access financial support to further economic growth and prosperity in Yukon.
For more detailed information on eligible activities, application procedures, funding limits, and project assessment criteria, prospective applicants are encouraged to consult the Economic Development Fund's official guidelines and reach out to program advisors for guidance on preparing successful grant applications.