Economic Diversification and Growth Enterprises

Eligibility criteria for the Economic Diversification and Growth Enterprises (EDGE) program are focused on new capital investment, job creation, and the overall economic benefit to the province.

• Potential for new capital investment of at least $300,000 or incremental sales of at least $500,000
• Potential to create and maintain at least 10 new permanent jobs in the province
• Activity would not take place in the province without EDGE incentives
• Substantial net economic benefit to the province
• No direct competitive advantage over existing businesses in the province

Who is eligible?

The Economic Diversification and Growth Enterprises (EDGE) program is available to national and international companies establishing a new enterprise in the province, local companies that want to expand, and local entrepreneurs who are interested in new business start-ups. To be eligible, the company must meet specific criteria demonstrating potential for significant capital investment, job creation, and a substantial net economic benefit to the province.

• Companies with potential for new capital investment of at least $300,000, or incremental sales of at least $500,000.
• Companies with potential to create and maintain at least 10 new permanent jobs in the province.
• Companies that would not take place in the province in the absence of the EDGE incentives, in preference to another location or at the proposed time.
• Companies that provide a substantial net economic benefit to the province.
• Companies that would not result in a direct competitive advantage over other businesses already established in the province, if provided EDGE status.

Who is not eligible

There are specific types of companies that are not eligible for this grant.

• Companies outside of Canada
• Non-profit organizations
• Government organizations

Eligible expenses

Eligible expenses for this grant include:

• Salaries and wages for project personnel
• Direct costs for materials and supplies
• Contractual services

The Economic Diversification and Growth Enterprises (EDGE) program has specific eligibility criteria for companies to be considered for EDGE status. These criteria include requirements for new or expanding business activities, potential for job creation, and overall economic benefit to the province.

• The business activity must involve new or expanding business activity.
• Potential for new capital investment of at least $300,000, or incremental sales of at least $500,000.
• Potential to create and maintain at least 10 new permanent jobs in the province.
• The business activity would not take place in the province without the EDGE incentives.
• The business activity must have a substantial net economic benefit to the province.
• The business activity must not give the company a direct competitive advantage over other businesses already established in the province.

The Economic Diversification and Growth Enterprises (EDGE) program offers various benefits to companies, including tax rebates and access to Crown land. The program aims to incentivize new business investments and job creation in the province.

• 100 per cent rebate/remission on provincial corporate income tax and the provincial health and post-secondary education (payroll) tax
• 50 per cent rebate on federal corporate income tax
• Five-year even phase-out period of partial rebates on provincial and federal taxes
• 100 per cent rebate on municipal property and/or municipal business taxes
• Access to un-serviced Crown land for $1