Open
Economic Diversification and Growth Enterprises
Incentives to grow new business in Newfoundland and Labrador
Last Update: April 9, 2026
Funding available
Varies by project
Timeline
- Open Date : July 9, 2024
Location
Newfoundland and Labrador, Canada
Overview
Tax rebates of 100% on provincial income tax, 50% on federal corporate income tax, and 100% on municipal property or business tax for 10 or 15 years.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Increase production or service capacity
- Increase operational productivity
- Access new markets
Eligible Funding
- Varies by project
Timeline
- Open Date : July 9, 2024
Eligible candidates
Eligible Industries
- All industries
Location
- Newfoundland and Labrador
Legal structures
- All legal structures
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- All groups
Next Steps
1
Determine your project
2
Validate your eligibility
Contacts
Frequently Asked Questions about the Economic Diversification and Growth Enterprises Program
Here are answers to the most common questions about the Economic Diversification and Growth Enterprises. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.
What is the Economic Diversification and Growth Enterprises?
Tax rebates of 100% on provincial income tax, 50% on federal corporate income tax, and 100% on municipal property or business tax for 10 or 15 years.
Who can I contact for more information about the Economic Diversification and Growth Enterprises?
You can contact Government of Newfoundland and Labrador by email at none or by phone at none.
Where is the Economic Diversification and Growth Enterprises available?
The Economic Diversification and Growth Enterprises program is available the province of Newfoundland and Labrador.
Is the Economic Diversification and Growth Enterprises a grant, loan, or tax credit?
Economic Diversification and Growth Enterprises is a Tax Credits
Who are the financial supporters of the Economic Diversification and Growth Enterprises?
Economic Diversification and Growth Enterprises is funded by Government of Newfoundland and Labrador, Department of Industry, Energy and Technology (NL) (IET)