BHER — WIL Hub
Highlights
This program is designed for business owners like you who want to access new talent and innovative ideas while fostering a more inclusive workplace. By participating, you can identify the best work-integrated learning (WIL) options tailored to your industry, commitment level, and capacity. This means you can find flexible solutions that fit your specific needs, whether you have limited capacity or are ready to offer student work placements.
Why Apply?
- Customized Recommendations: Get tailored WIL options based on your business needs.
- Flexible Solutions: Choose from various WIL types, including short-term projects, remote options, and apprenticeships.
- Talent Pipeline: Develop a skilled talent pipeline by offering meaningful work experiences to post-secondary students.
What's in it for You?
- Innovative Solutions: Access fresh ideas and solutions to your business challenges.
- Cost-Effective: Many WIL options have low cost and time commitments.
- Inclusive Culture: Foster a more inclusive workplace by engaging with diverse student talent.
Qualifying for this program is straightforward, and the benefits to your business are substantial. Take advantage of this opportunity to grow and innovate.
Financing Details
Type of Financing: Grant
Repayment Terms and Interest Rates:
- This is a grant, so there are no repayment terms or interest rates.
Eligible Expenses:
- Salaries and wages for new hires
- Training and development programs
- Equipment and technology purchases
- Marketing and promotional activities
- Research and development projects
Ineligible Expenses:
- Existing debt repayment
- Real estate purchases
- Personal expenses
- Any expenses not directly related to the business operations
Fees:
- There are no fees associated with this grant program.
Qualifications
- Must be willing to engage post-secondary students in work-integrated learning (WIL).
- Must be in one of the following industries:
- Accommodation & Food Services
- Agriculture, Forestry, Fisheries & Hunting
- Arts & Entertainment
- Construction
- Educational Services
- Finance & Insurance
- Health Care & Social Assistance
- Information & Cultural Industries
- Management of Companies & Enterprises
- Manufacturing
- Other Services
- Professional, Scientific & Technical Services
- Public Administration
- Real Estate, Rental & Leasing
- Transportation & Warehousing
- Utilities
- Wholesale Trade
- Must be in one of the following sectors:
- Academic
- Non-Profit
- Private
- Public
- Must have the capacity to take on post-secondary students, either through flexible WIL options or student work placements.
Must have an objective in engaging post-secondary students, such as:
- Sharing industry ideas and challenges
- Offering shorter placements
- Mentoring student entrepreneurs
- Providing brief projects for students to complete online
- Assigning specific organizational challenges to students
- Offering remote WIL options with low cost and time commitments
- Offering short-term research projects
- Providing opportunities to work on long-term problems
- Developing relationships between schools and communities
- Developing a talent pipeline for skilled trade occupations
- Offering meaningful work experiences to post-secondary students
- Providing WIL solutions that result in certifications and accreditations
Disqualifications:
- None specified in the provided context.
Description
This program offers your business a chance to receive up to $1,000,000 in funding. You can use up to $500,000 of this amount for purchasing equipment or improving your rented space.
Eligible expenses include:
- Commercial kitchen appliances
- Manufacturing machinery
- Computers and IT infrastructure
- Renovating a retail space
For other costs like software or operational expenses, you can receive up to $150,000.
The federal government guarantees 85% of the loan, which provides a strong safety net for your business.
Flexible repayment options are available. You can choose between a variable interest rate, a fixed rate, or a combination of both. You also have the option to apply significant purchases made in the last 365 days to this loan.
You have up to 15 years to repay the loan, regardless of how you use the funds. This program is designed to support your business's growth and stability.
Program Steps
Gather Required Documentation:
- Business registration documents
- Financial statements (last two years)
- Business plan
- Details of intended use of funds (e.g., project proposals, quotes for services or equipment)
- Proof of business insurance
Complete the Online Application Form:
- Visit the official program website
- Fill out the application form with accurate business information
- Provide details about your business operations and objectives
Submit Supporting Documents:
- Upload the gathered documentation as part of your application
- Ensure all files are in the correct format and clearly labeled
Review and Confirm Application:
- Double-check all entered information for accuracy
- Confirm that all required fields are completed
- Submit the application
Follow Up on Application Status:
- Monitor your email for any communication from the program administrators
- Be prepared to provide additional information if requested
Attend an Interview or Information Session (if required):
- Schedule and attend any required interviews or information sessions
- Be ready to discuss your business plan and how the program will benefit your business
Receive Approval and Next Steps:
- Upon approval, review the terms and conditions of the program
- Follow any further instructions provided to access the benefits of the program
Implement the Program Benefits:
- Utilize the funds or resources as outlined in your application
- Keep detailed records of how the program benefits are used for future reporting
Report on Progress:
- Submit periodic reports on the progress and impact of the program on your business
- Provide any requested documentation or updates to the program administrators
Maintain Compliance:
- Ensure ongoing compliance with program requirements
- Stay informed about any changes or updates to the program policies