This program is a fantastic opportunity for your business to grow and thrive. It offers up to $1,000,000 in financing, with an additional $150,000 available for software or day-to-day operating costs. These funds can be used for a variety of purposes, including operating expenses, new equipment, software, and more.

Key benefits include:

• Flexible repayment options: You get to choose how you pay back the loan, with up to 15 years to do so.
• Government-backed support: This ensures reliability and trustworthiness.
• Focus on sustainability and productivity: The program encourages greener operations and improved productivity, which can help you stay competitive.

Applying for this program is straightforward, and qualifying is designed to be accessible. Approval can significantly boost your business, helping you integrate into regional and global supply chains, and adopt advanced technologies. This is a unique chance to enhance your business's resilience and international competitiveness.

Type of Financing:

• Repayable Contribution: The financial support provided by the Aerospace Regional Recovery Initiative is generally repayable or conditionally repayable for small and medium-sized enterprises (SMEs).

Repayment Terms and Eligible Expenses:

• Repayment Period: Businesses may repay the contribution over a specified period.
• Interest Rates: Interest rates may apply to the repayable amount.
• Eligible Expenses: The funds can be used for various expenses, including equipment purchases, leasehold improvements, intangible assets, and working capital.

Restrictions and Fees:

• Prohibited Use of Funds: The funds cannot be used for certain expenses, as outlined in the program guidelines.
• Associated Fees: There may be fees associated with the program, such as application fees or administrative charges.

This program offers your business a great chance to grow and become more competitive. You can receive financial support to help make your operations greener, boost productivity, and strengthen your market presence. The total budget for this initiative is $250 million over three years, ending on March 31, 2024.

You can use the money for:

• Transitioning to environmentally sustainable practices
• Improving productivity through advanced manufacturing and technology
• Enhancing commercialization and integrating into supply chains

Financial support details:

• Contributions to small and medium-sized enterprises (SMEs) are generally repayable or conditionally repayable.
• Contributions to non-profits are generally non-repayable.
• Some costs may be eligible retroactively up to 12 months before your project application, but no earlier than April 19, 2021.

This initiative is a valuable opportunity to make your business more sustainable, productive, and competitive in the global market.