Trade Commissioner Service — CanExport Community Investment
Canada
Funding to attract foreign direct investment
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|fromMinToMax
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|openingDateSeptember 05, 2023
- grant_single|closingDateSeptember 29, 2023
- grant_single|grantStatusClosed
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Government of Canada
- Global Affairs Canada (GAC)
- Trade Commissioner Service (TCS)
grant_single|status
grant_card_status|closed
grant_single_labels|preview
Get a contribution between $3,000 and $500,000 to cover up to 50% of eligible expenses. The program is intended to support communities and non-profit organizations to attract, retain and expand their foreign direct investment (FDI) activities that will he
grant_single_labels|projects
This grant is available to communities and non-profit organizations across Canada. It aims to enhance the capacity to attract foreign direct investment and support local economic development.
- Communities in Canada.
- Non-profit organizations within Canada.
grant_single|admissibleProjectsExample
$35,000
Create promotional activities to attract European biotech startups to Ottawa
$30,000
Conduct market research to attract foreign tech companies to establish offices
$50,000
Establish a program to support foreign investors's ocean tech industry
$75,000
Implement a legal framework to attract Asian financial firms to Calgary
$40,000
Develop marketing materials for attracting European investors to Vancouver's green tech sector
$60,000
Participate in international trade shows to promote Montreal as a hub for aerospace investment
grant_single_labels|admissibility
Eligibility for this grant is determined by specific requirements related to the applicant's community or organizational status.
- The applicant must be a community seeking to improve their capacity to attract, retain and expand foreign direct investment (FDI).
- The applicant can be a non-profit partnership at the local community level.
- The activities proposed must align with the purpose of creating jobs for Canadians, supporting innovation, and increasing exports.
grant_eligibility_criteria|who_can_apply
Communities and non-profit partnerships that aim to improve their capacity to attract, retain, and expand foreign direct investment (FDI) are eligible to apply for the CanExport Community Investments grant. This includes local community-level non-profit organizations seeking funding support for FDI-related activities.
grant_eligibility_criteria|who_cannot_apply
Some types of companies are not eligible for this grant. These include:
- For-profit organizations
- Investment firms
- Businesses not directly affiliated with community improvements
grant_eligibility_criteria|eligible_expenses
The CanExport Community Investments program provides financial support to communities and non-profit organizations for eligible expenses to help them attract, retain, and expand foreign direct investment activities. Eligible expenses include but are not limited to:
- Market research and analysis
- Program delivery and project management costs
- Trade show participation fees
- Marketing materials and promotional activities
- Consulting fees related to FDI attraction
- Travel costs for investment missions and delegations
- Legal and professional fees
grant_eligibility_criteria|zone
The grant covers specific expenses directly related to foreign direct investment attraction activities.
- Marketing and promotional materials to attract foreign investment.
- Participation in trade shows and events related to foreign investment attraction.
- Consultancy fees for experts aiding in investment strategies.
- Costs related to hosting inbound foreign delegations.
- Development of investment attraction strategies.
grant_single_labels|criteria
The CanExport Community Investments program has evaluation and selection criteria to assess project proposals:
- Alignment with program objectives
- Demonstrated capacity to attract, retain, and expand foreign direct investment
- Clear project plan and timeline
- Expected impact on job creation, innovation, and exports
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Preliminary Registration
- Watch the registration video to understand the registration process for the CanExport Community Investments program.
- Register your organization on the funding provider's portal to create an account and gain access to the application system.
- Step 2: Prepare Application
- Draft a comprehensive proposal detailing how you plan to attract, retain, or expand Foreign Direct Investment (FDI) in your community.
- Prepare supporting documentation, including a detailed budget, project timelines, and any necessary letters of support from partners or stakeholders.
- Ensure that the proposal aligns with the funding criteria and objectives of the CanExport Community Investments program.
- Step 3: Submit Application
- Log into the funding body’s portal with your registered account to access the submission area.
- Upload all required documents, ensuring that each file is accurately named and formatted according to guidelines.
- Complete the online application form, providing all requested information and double-checking for accuracy and completeness.
- Submit the application before the deadline of September 29th, 2023.
- Step 4: Confirmation of Submission
- Receive an automated confirmation email with your application number upon successful submission.
- Retain the confirmation email and application number for your records and future reference.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- Non-repayable grants are offered, meaning recipients do not need to return the funds.
- The funding period is aligned with the fiscal year, running from April 1 to March 31.
- Proposals for the upcoming year are only accepted during a specified application window.
Apply to this program
Empowering Canadian Communities Through CanExport Community Investments
The CanExport Community Investments grant provides essential financial resources to communities and non-profit organizations in Canada aiming to boost foreign direct investment (FDI). By offering non-repayable grants between $3,000 and $500,000, the program supports efforts to create local jobs, foster innovation, and enhance export opportunities.
Detailed Insights on CanExport Community Investments and Their Strategic Influence
The CanExport Community Investments is a pivotal program, designed to strengthen the economic fabric of Canadian communities by enhancing their capacity to attract, retain, and bolster foreign direct investment activities. With the dual objectives of job creation and export increase, this program reflects Canada's commitment to bolstering its global economic standing through strategic local-level engagements.
Communities eligible for this program can utilize the funding to undertake various initiatives that directly contribute to their economic development agendas. This includes activities such as improving community infrastructure, marketing to potential international partners, developing strategic plans to entice foreign investors, and fostering local innovations that align with global market demands.
Non-repayable grants provided by the program range significantly from $3,000 to $500,000, covering up to 50% of eligible expenses. This financial structure not only ensures substantial support for community-led projects but also encourages co-investment, thus fostering greater economic involvement among local stakeholders. Additionally, this aspect of co-funding ensures that communities are committed to the success of their projects, optimizing the effectiveness of the grants provided.
Typically, the funding agreements span over a year—from April 1 to March 31—allowing for comprehensive planning and implementation of projects. This timeframe is strategic, providing enough duration for communities to initiate, adapt, and finalize projects within a fiscal cycle, while also allowing them to realign their goals annually based on global economic trends and community-specific needs.
The strategic impact of the CanExport Community Investments extends beyond immediate financial assistance. By empowering communities to engage more robustly in international markets, these grants facilitate knowledge transfer and access to international networks, driving innovation and competitiveness. Moreover, these interactions increase the capacity of local economies to integrate into global value chains, providing steady growth and long-term prosperity.
Furthermore, by incentivizing communities to build comprehensive strategies for attracting and retaining FDI, the program encourages a detailed understanding of local strengths and competitive advantages. As communities develop these strategies, they enhance their attractiveness to investors, not only securing immediate economic benefits but also establishing a foundation for sustained international collaboration in the future.
Through its extensive support and strategic focus, the CanExport Community Investments is not only a grant program but a catalyst for significant economic transformation. It encourages synergies between local governments, businesses, and non-profit organizations, fostering a collaborative environment conducive to achieving shared economic goals.
Ultimately, by equipping communities with the resources needed to compete globally, the CanExport Community Investments program reinforces Canada’s global economic posture and emphasizes its commitment to sustainable community development and inclusive economic growth.
