PacifiCan — Jobs and Growth Fund — Indigenous Stream
BC, Canada
Money to future-proof your Indigenous-led business in British Columbia
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
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- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Agriculture, forestry, fishing and hunting
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services
- Health care and social assistance
grant_single|grantors
- Government of Canada
- Pacific Economic Development Canada
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grant_card_status|open
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If you are working on a project for your business to transition to a green economy, foster an inclusive recovery, become more competitive and create jobs for Canadians, you could get a contribution for up to 100% of the project’s cost.
grant_single_labels|projects
This grant is available to companies located in British Columbia as PacifiCan focuses on community economic development within this province. The funding is specifically aimed at ensuring economic growth and inclusion in British Columbia.
- Businesses and organizations operating within the province of British Columbia.
- Entities focusing on economic development initiatives in British Columbian communities.
grant_single|admissibleProjectsExample
$250,000
Launch a green energy consulting firm specializing in renewable technologies
$350,000
Create a platform for remote collaboration for women-led businesses
$340,000
Develop a digital marketplace for local artisans to sell eco-friendly products
$400,000
Develop an AI-driven tool for optimizing small-scale organic farming
$450,000
Expand a health tech startup to offer remote medical consultations
$200,000
Set up a recycling program to reduce waste in a community
grant_single_labels|admissibility
Eligibility for this grant is determined by specific characteristics about the applicant type and their alignment with program objectives.
- The applicant must be a business or a not-for-profit organization. Sole proprietors are not eligible.
- Indigenous-led organizations and businesses are strongly encouraged to apply.
- Not-for-profit organizations, when proposing to undertake commercial projects, will be considered businesses for eligibility purposes.
grant_eligibility_criteria|who_can_apply
Eligible applicants for the Jobs and Growth Fund in British Columbia include businesses, not-for-profit organizations, community economic development partners, municipalities, post-secondary institutions, provinces and related entities, and Indigenous organizations. Sole proprietors are not eligible. Indigenous-led organizations and businesses are strongly encouraged to apply.
grant_eligibility_criteria|who_cannot_apply
This grant excludes certain applicants based on their status. Specific restrictions indicate who cannot apply under this program.
- Sole proprietors.
grant_eligibility_criteria|eligible_expenses
This grant focuses on supporting projects that drive economic growth, foster inclusivity, and enhance competitiveness through digital and green initiatives. The eligible activities span across various sectors, promoting innovation and addressing critical needs in the economy.
- Support the development and adoption of clean technology for transitioning to a green economy.
- Assist communities and businesses in planning and driving clean, sustainable economic growth.
- Partner with organizations to catalyze the development of green regional clusters.
- Collaborate with organizations supporting businesses in transitioning to a green economy.
- Support businesses owned or majority-led by underrepresented groups to foster an inclusive recovery.
- Increase the participation of underrepresented groups in the economy through not-for-profit organizations offering support and resources.
- Advance digital adoption by supporting the development or adoption of digital solutions to enhance business productivity and growth.
- Strengthen capacity in sectors critical to Canada's recovery and growth, supporting scale-up and market expansion activities.
- Support supply chain adaptation and diversification opportunities to build capacity in sectors like food production, medical supplies, and biomanufacturing.
grant_eligibility_criteria|zone
Incremental expenses essential to the project are eligible for reimbursement under this grant.
- Capital costs such as equipment and machinery.
- Labour costs including wages and benefits.
- Marketing expenses.
- Costs related to intellectual property.
- Technology development and commercial demonstrations.
- Professional, advisory, and technical services.
grant_single_labels|criteria
The evaluation and selection of projects for this grant are based on specific criteria to ensure alignment with the grant's objectives.
- Program alignment: alignment with one or more of the four eligible activities of the program.
- Economic benefits: the ability to produce direct economic outcomes supported by reasonable assumptions, such as the number and quality of jobs created relative to the funding amount requested.
- Management: capability of the management team and the ability of the applicant to achieve the intended outcomes.
- Financial: financial capacity of the organization and, in the case of businesses, their ability to repay; other confirmed funding and the amount of leverage from other funders (government and non-government).
- Market: the nature and strength of demand and competition for the product and services being proposed.
- Technology readiness: the competitive advantage and degree of advancement over existing technologies, including an intellectual property management strategy (applicable to technology commercialization projects).
grant_single_labels|register
- Step 1: Contact PacifiCan Officer
- Reach out to a PacifiCan officer to discuss your project and ensure alignment with the program’s objectives.
- Use this opportunity to clarify any doubts or questions about the application process.
- Step 2: Prepare Your Application
- Draft a detailed project proposal focusing on program alignment, economic benefits, management capability, financial capacity, market demand, and technology readiness if applicable.
- Gather all necessary supporting documents such as budgets, timelines, and confirmed funding evidence (official letters, funding agreements).
- Step 3: Application Submission
- Submit your complete application package to PacifiCan, ensuring all information is accurate and comprehensive.
- Follow any specific instructions provided by PacifiCan for submission.
- Step 4: Await Confirmation
- Receive confirmation of submission from PacifiCan, which typically includes an application reference number.
- Keep this confirmation for your records and future reference.
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Here are additional relevant details for this grant:
- Applications will be accepted on a continuous basis until funding is fully allocated, or until March 31, 2024, whichever comes first.
- Contact with a PacifiCan officer before applying is strongly encouraged to ensure fit with the program and clarify any questions.
- Indigenous applicants may contact the program for additional support during the application process.
Apply to this program
Boosting British Columbia's Economic Growth Through the Jobs and Growth Fund
The Jobs and Growth Fund in British Columbia offers substantial financial assistance to businesses and not-for-profit organizations aiming to fortify regional economies by prioritizing job creation and sustainable development. Administered by PacifiCan, the fund is committed to fostering economic resilience, promoting environmental sustainability, and supporting inclusivity.
Understanding the Objectives and Benefits of the Jobs and Growth Fund
Aimed at reinforcing the economic fabric of British Columbia, the Jobs and Growth Fund by PacifiCan provides critical funding support to entities that are poised to stimulate job creation and stimulate long-term economic prosperity. Although now closed, the fund epitomizes a strategic effort to bolster British Columbia's economic landscape by encouraging the development of sustainable business practices that transition towards a green economy, support inclusive recovery, and enhance global competitiveness.
The fund notably championed projects aligned with clean technology, embodying efforts to facilitate the transition to a more sustainable economic model. This underscores the commitment to not only addressing environmental imperatives but also supporting technological innovation that equips businesses to thrive in a competitive global marketplace. By reducing financial burdens, the Jobs and Growth Fund empowered businesses and organizations to focus on strategic growth and resilience-building initiatives, substantially contributing to the enhancement of industry clusters and a diversified economy.
Furthermore, the Jobs and Growth Fund prioritized inclusivity by encouraging participation from underrepresented groups, including Indigenous peoples, racialized communities, women, and other demographic segments traditionally marginalized in economic landscapes. By allocating resources to projects led by these groups or benefiting them, the fund aimed to construct a more equitable and diverse workforce, leveraging the rich tapestry of cultures and perspectives within British Columbia to drive economic innovation and growth.
The fund also facilitated technological adoption, promoting digital transformation among small and medium-sized enterprises (SMEs). It recognized the crucial role of digital solutions in enhancing productivity and competitiveness, thus paving the way for British Columbian businesses to perform optimally in both domestic and international markets.
Integral to the program was a thorough assessment process that ensured only well-aligned and viable projects received funding, thereby maximizing economic benefits and safeguarding public resources. This rigorous selection criterion emphasized not only financial capacity and market potential but also the management team's proficiency and the overall strategic alignment with the fund's objectives.
Importantly, the Jobs and Growth Fund also acted as a catalyst for broader economic collaborations, drawing together diverse entities within the province. By fostering these networks, it enabled the sharing of expertise, resources, and market access, advantageous for projects with regional or sectoral implications. This collaborative ethos mimicked the interconnectedness seen in thriving economic clusters, encouraging a cohesive approach to economic challenges and opportunities in British Columbia.
The fund's comprehensive strategy encompassed support not just via financial grants but extended to advisory and technical assistance. As part of a broader economic development framework, these supports were designed to equip businesses and organizations with the necessary tools, knowledge, and resources to succeed long after the funding cycle ended, ensuring sustained economic health and progression.
By nurturing a robust, innovative, and inclusive economy, the Jobs and Growth Fund ultimately contributed to the vision of a prosperous British Columbia, characterized by quality jobs, competitive industries, and a thriving community of globally successful businesses. While the program's funding period has concluded, the IMPACT this initiative intended to achieve continues to resonate, providing a foundational model for future regional economic development programs in Canada.
