This program is designed for businesses like yours to help create jobs and drive long-term growth. By applying, you can receive interest-free repayable contributions for up to 50% of eligible costs. This financing is better than traditional loans because it eases your cash flow and reduces financial strain.

What's in it for you?

• Support for transitioning to a green economy: Invest in clean technology and sustainable practices.
• Inclusive recovery: Access resources to support under-represented groups in your business.
• Digital adoption: Implement digital solutions to enhance productivity and resilience.
• Sector strengthening: Scale up and expand into new markets, especially in critical sectors like food production and medical supplies.

Approval can help you future-proof your business, making it more competitive and resilient. The application process is straightforward, and with continuous intake, you can apply when ready. This is a unique opportunity to secure government-backed funding tailored to your business needs.

Type of Financing:

• Repayable Contributions for Businesses: Eligible businesses can receive interest-free repayable contributions for up to 50% of eligible costs.
• Non-Repayable Contributions for Non-Profit Organizations: Eligible not-for-profit organizations could receive non-repayable contributions for up to 90% of eligible costs.

Repayment Terms and Interest Rates:

• Businesses: Interest-free repayable contributions for up to 50% of eligible costs.
• Non-Profit Organizations: Non-repayable contributions for up to 90% of eligible costs.

Eligible Expenses:

• Includes costs related to transitioning to a green economy, fostering an inclusive recovery, enhancing competitiveness, and creating jobs for Canadians.

Ineligible Expenses:

• Funds cannot be used for expenses that do not align with the program's objectives, such as unrelated business activities or personal expenses.

Fees:

• No specific fees mentioned in the provided context.

This program offers your business a chance to receive funding to support projects that help transition to a green economy, foster an inclusive recovery, enhance competitiveness, and create jobs. You could receive up to 100% of the project’s cost if your business meets the criteria.

Eligible activities include:

• Developing and adopting clean technology.
• Supporting businesses owned by under-represented groups.
• Adopting digital and technological solutions to boost productivity.
• Scaling up and expanding into new markets.

Funding details:

• Interest-free repayable contributions for up to 50% of eligible costs for businesses.
• Non-repayable contributions for up to 90% of eligible costs for non-profit organizations.

This is a great opportunity to secure financial support to grow your business and contribute to a sustainable and inclusive economy.

1. Review the Applicant Guide: Before starting your application, consult the applicant guide to understand the program requirements and ensure you have all the necessary information.

2. Gather Required Documentation: Prepare the following documents to support your application:

• Business plan
• Financial statements (past three years)
• Project proposal detailing the intended use of funds
• Proof of business registration
• Any additional documents specified in the applicant guide

3. Complete the Application Form: Fill out the Jobs and Growth Fund application form online. Make sure to provide accurate and detailed information about your business and the proposed project.

4. Submit the Application: Once the application form is complete, submit it through one of the following methods:

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

5. Contact ACOA for Assistance: If you have any questions or need help with your application, contact ACOA Business Information Services at 1-888-576-4444 or email the appropriate regional office:

• Nova Scotia: [email protected]
• New Brunswick: [email protected]
• Prince Edward Island: [email protected]
• Newfoundland and Labrador: [email protected]
• Outside Atlantic Canada: [email protected]

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

7. Approval and Funding: If your application is approved, you will be notified of the funding terms. Discuss and agree on the final terms, including any conditions or repayment schedules, before receiving the funds.