This program is designed specifically for businesses like yours in the aerospace sector. It offers a unique opportunity to green your operations, boost productivity, and strengthen your market presence. By participating, you can access up to $250 million in funding over three years, which can be used for a variety of projects that align with these objectives.

Key Benefits

• Financial Support: Contributions are generally repayable or conditionally repayable, offering flexible financing options.
• Environmental Sustainability: Funding for adopting and commercializing clean-tech products and services.
• Productivity Enhancement: Support for advanced manufacturing, AI, cybersecurity, and workforce development.
• Market Integration: Assistance with integrating new technologies and start-ups into supply chains.

Applying for this program can significantly enhance your business's resilience and competitiveness on a global scale. The application process is straightforward, and the program is designed to be accessible, making it easier for you to qualify and benefit from this valuable support.

Type of Financing:

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

Repayment Terms and Eligible Expenses:

• Repayment Term: The program allows for certain costs to be eligible on a retroactive basis up to 12 months before the receipt of a project application, but not earlier than April 19, 2021.
• Interest Rates: Specific interest rates are not mentioned in the provided context, but the repayable contributions are expected to be repaid within a set timeframe.

Fees and Restrictions:

• Fees: While no specific fees are outlined, it's important to note that there may be associated fees with the application process or administration of the repayable contributions.
• Usage Restrictions: The funds provided through the program cannot be used towards certain expenses that are not aligned with the objectives of greening operations, improving productivity, or strengthening commercialization in the aerospace sector.

This program offers your business a chance to receive funding from a $250 million budget over three years. The money can help your business in three key areas:

1. Greening your operations: Adopt environmentally sustainable practices.
2. Improving productivity: Invest in advanced manufacturing, AI, and workforce development.
3. Strengthening commercialization: Integrate into regional and global supply chains.

Financial support includes repayable or conditionally repayable contributions for SMEs, and non-repayable contributions for non-profits. Some costs may even be eligible retroactively for up to 12 months before your application, but no earlier than April 19, 2021.

This initiative is a great opportunity to make your business more competitive and sustainable, while also potentially easing some financial burdens.

1. Prepare Business Documentation: Gather the necessary documents to support your application. These include:

• Financial statements
• Business plan
• Details of intended use of funds (e.g., quotes for equipment or renovation costs)
• Proof of business registration
• Any other relevant documents that demonstrate the project's alignment with the program's objectives

2. Review the Applicant Guide: Carefully read the applicant guide to understand the program's requirements and ensure your application meets all criteria. This will help you avoid any errors or omissions.

3. Complete the Application Form: Fill out the ARRI application form online. Make sure to provide accurate and detailed information to support your request for funding.

4. Submit the Application: Send your completed application form through one of the following methods:

• Online via the application for financial assistance page
• By mail to the ACOA regional office in your province

5. Contact ACOA Business Information Services: If you have any questions or need assistance with your application, contact ACOA Business Information Services at 1-888-576-4444 or via email. The agents can provide guidance and help you navigate the application process.

6. Await Review and Response: After submission, your application will be reviewed to ensure it meets all program criteria. Be prepared to provide additional information if requested.

7. Approval and Funding: If your application is approved, you will receive details about the funding terms, including any repayment conditions. Once everything is agreed upon, the funds will be disbursed to support your business project.