How much funding can be received?

Get financial assistance between $30,001 and $100,000 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|terms_and_conditions

The Economic Development Fund — Tier 2 provides structured financial support to foster sustainable economic growth in Yukon communities, offering a clear framework for funding distribution.

Funding covers up to 75% of eligible project costs.
Capital expenses are funded up to 50%.
Funds ranging from $30,001 to $100,000 are available under Tier 2.
Immediate and long-term project outcomes are emphasized for continued economic development.

grant_single_labels|projects

This grant supports projects that aim to deliver long-term, sustainable economic benefits to the Yukon communities through innovation, diversification, and increased competitiveness. Eligible activities are designed to enhance planning and skills development across different sectors.

Business plans creation and implementation.
Conducting market research for new opportunities.
Development and execution of marketing plans.
Organization and promotion of marketing and investment events.
Enhancement of organizational capacity.
Participation in trade and investment events to boost reach and visibility.
Post-project analysis and continued support mechanisms.
Professional development workshops targeting diverse business topics.
Creation of promotional materials targeting new and expanding markets.
Planning and delivery of skill development and training programs.
Investment in capital assets needed for business expansion.
Covering capital costs linked to business projects.
Support for project implementation, ensuring smooth execution.
Leasehold improvements contributing to project success.
Travel costs for project-related trips within the set guidelines.

grant_single|admissibleProjectsExample

$ 37,500

Organizing a professional development workshop series for local entrepreneurs

$ 41,250

Establishing a marketing plan to attract investment for a tech startup

$ 37,500

Creating promotional materials for expanding a local artist’s market

$ 56,250

Developing a comprehensive business plan for expanding market reach

$ 37,500

Conducting market research and analysis for a new sustainable product line

$ 37,500

Participating in an international trade event to boost local products

grant_single_labels|admissibility

The eligibility criteria for a company applying for this grant require the business to meet specific conditions related to its presence and registration within Yukon.

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.
Has a valid municipal business license, where applicable.

grant_eligibility_criteria|who_can_apply

A Yukon business that meets at least three specific conditions related to their business establishment in Yukon is eligible to apply. These conditions include having a physical office in Yukon, being subject to the Yukon Income Tax Act, being registered under relevant business legislation, or holding a valid municipal business license, where applicable. Furthermore, Yukon First Nation governments, Yukon First Nation development entities such as corporations and partnerships, Yukon municipal governments, community societies or industry associations registered in Yukon and open to public membership with an interest in economic development, and not-for-profit organizations incorporated under national not-for-profit regulations are also eligible to apply for the Economic Development Fund.

grant_eligibility_criteria|who_cannot_apply

This grant does not specify particular companies or industries that are excluded based on the provided context or known restrictions. The eligibility focuses on ensuring applicants contribute to Yukon's economic development without detailing specific exclusions.

grant_eligibility_criteria|eligible_expenses

Eligible projects for this grant aim to enhance economic opportunities for Yukon communities through strategic planning, capacity building, and market expansion. These activities support business innovation and diversification, contributing to a more competitive economic landscape.

Creation of business plans to outline strategic growth initiatives.
Conducting market research to identify and tap into new opportunities.
Development of marketing plans to improve market reach.
Organization and promotion of marketing and investment events to attract investors.
Organizational capacity development to strengthen business operations.
Participation in trade and investment events to expand networks and opportunities.
Post-project analysis and support to evaluate success and areas of improvement.
Professional development workshops on crucial business topics to enhance skills.
Production of promotional materials for exploring new markets and market expansion.
Training plans to develop necessary workforce skills.
Investment in capital assets to support business growth.
Allocation for capital costs in project implementation.
Providing implementation support for project initiatives.
Leasehold improvements to enhance business premises.
Funding for essential travel costs related to project activities.

grant_eligibility_criteria|zone

This grant is available to businesses and organizations based in the Yukon. Eligibility is determined by their location within Yukon communities.

Businesses and offices with a physical address in the Yukon.
Yukon First Nation governments and development entities.
Yukon municipal governments.
Community societies or industry associations based in one or more Yukon communities.

grant_single_labels|criteria

The Economic Development Fund has evaluation and selection criteria for project applications. These criteria focus on both immediate and long-term outcomes that contribute to economic development in Yukon.

Enhancement of joint ventures and investment opportunities
Increased investment in the sector
Improved organizational and enterprise capacity
Innovation in business methods and approaches
Positive impacts on employment and wealth creation
Development of skills in Yukon's workforce
Contribution to economic activity in Yukon communities
Alignment with the goals of Yukon's climate change mitigation strategy

grant_single_labels|register

Here are the steps to submit an application for this grant:

Step 1: Assess Eligibility
- Contact an Economic Development Fund program advisor to verify project eligibility.
- Reach out via email at edf@yukon.ca or call 867-456-3803 for guidance.
Step 2: Prepare Application
- Draft a comprehensive proposal detailing the project objectives, outcomes, and alignment with fund criteria.
- Gather required documents such as business plans, market research, and organizational details.
Step 3: Submit Application
- Submit your completed application by the deadline specific to your funding tier:
- Tier 1 applications are accepted throughout the year.
- Tier 2 deadline: April 15 and September 15.
- Tier 3 deadline: January 15.
- File the application in person, via email at edf@yukon.ca, or by mail to Government of Yukon, Economic Development Fund, Box 2703, Whitehorse, Yukon, Y1A 2C6.
Step 4: Confirmation and Follow-Up
- Await confirmation of receipt from the Economic Development Fund office.
- Ensure to follow up if no confirmation is received within a reasonable timeframe.

grant_single_labels|otherInfo

Here are additional relevant details for this grant:

The Economic Development Fund replaced three prior funds: Regional Economic Development Fund, Strategic Industries Development Fund, and Enterprise Trade Fund.
The grant supports projects that align with Yukon's climate change mitigation strategy, "Our Clean Future".
Funding is tiered, with tier 1 accepting applications throughout the year, while tiers 2 and 3 have specific deadlines.
The grant application deadlines for tier 2 are April 15 and September 15, while tier 3 has a deadline on January 15.