Archived
Economic Diversification and Growth Enterprises
Incentives to grow new business in Newfoundland and Labrador
Record updated
- Funding available
- Up to 100% of project cost
- Deadline
- Unspecified
- Location
- Newfoundland and Labrador, Canada
- Who can apply
- Local companies looking to expand their businesses in Newfoundland and Labrador
- See full eligibility
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.
At a glance
Funding available
- Maximum share of project costs
- 100%
- Increase production or service capacity
- Increase operational productivity
- Start a business
- Launch or market a product/service
Eligible candidates
- Location
- Newfoundland and Labrador
- Eligible Industries
- All industries
- Annual revenue
- All revenue ranges
- Organisation size
- 10 employees minimum
- Audience
- Startups
- Legal structures
- For-profit business
Archived
Availability timeline
2026
Periods: 1
Eligibility
Who is eligible?
- Local companies looking to expand their businesses in Newfoundland and Labrador
- Local entrepreneurs interested in new business start-ups in Newfoundland and Labrador
- National companies wishing to establish a new enterprise in Newfoundland and Labrador
- International companies wishing to establish a new enterprise in Newfoundland and Labrador
Who is not eligible
- Companies that would establish or expand in Newfoundland and Labrador even without EDGE incentives.
- Businesses whose project would not create a substantial net economic benefit to the province.
- Companies that would receive a direct competitive advantage over other businesses already established in the province if granted EDGE status.
- Projects that do not meet the program’s required investment, sales, or job-creation thresholds.
- Companies that do not maintain the required eligibility criteria before entering into a contract with the Province, unless a temporary circumstance is approved by the Lieutenant Governor.
Eligible expenses
- Provincial corporate income tax.
- Provincial health and post-secondary education (payroll) tax.
- Federal corporate income tax.
- Municipal property taxes and/or municipal business taxes, where participating municipalities elect to offer this rebate.
- Access to unserviced Crown land for $1.00, where required to implement the business plan.
Eligible geographic areas
- Newfoundland and Labrador
- Within the Northeast Avalon area
- Outside the Northeast Avalon area
Activities funded
- Starting a new business in Newfoundland and Labrador.
- Expanding an existing business in Newfoundland and Labrador.
- Establishing a new enterprise in the province by local, national, or international companies.
How to apply
Step 1: Obtain the required application forms and supporting statements.- Contact the Department of Industry, Energy and Technology to access the EDGE Application Form.- Prepare the Confidential Statement of Personal Net Worth if it applies to your application package.Step 2: Complete the EDGE application materials.- Fill out the EDGE Application Form with the required business information.- Provide the supporting details needed to be considered for EDGE status.Step 3: Submit the application to the provincial department.- Send the completed application materials to the Department of Industry, Energy and Technology.- Use the application process indicated by the program for submission of the EDGE Application Form and supporting documents.Step 4: Await review and determination of EDGE status.- The province reviews whether the business meets the program requirements and can enter into a contract.- If approved, the company enters into a contract with the Province of Newfoundland and Labrador to receive EDGE benefits.
Contacts
Official sources
Frequently Asked Questions about the Economic Diversification and Growth Enterprises Program
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.
How much funding can be received?
Economic Diversification and Growth Enterprises Funds up to 100% of admissible expenses.
What expenses are eligible under Economic Diversification and Growth Enterprises?
Provincial corporate income tax.
Provincial health and post-secondary education (payroll) tax.
Federal corporate income tax.
Municipal property taxes and/or municipal business taxes, where participating municipalities elect to offer this rebate.
Access to unserviced Crown land for $1.00, where required to implement the business plan.
Who can I contact for more information about the Economic Diversification and Growth Enterprises?
You can contact Government of Newfoundland and Labrador or by phone at (709) 729-6297.
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)