ECO Canada — Foreign Talent Development
Highlights
This program is designed specifically for businesses like yours, offering significant financial support to help you grow and succeed. By participating, you can receive 75% wage coverage up to $15,000 for placing a new full-time employee in an environmental position for 3 to 6 months. This funding can greatly reduce your overhead costs and allow you to invest in other critical areas of your business.
Key Benefits:
- 75% wage coverage up to $15,000 for a new full-time placement.
- Expand your talent pool with skilled professionals.
- Save on overhead and project costs.
- Leverage international experience for domestic innovation.
- Build a dynamic team with diverse perspectives.
Applying for this program is straightforward and the approval process is designed to be quick and efficient. Once approved, you will not only save on salary expenses but also gain access to a network of talented individuals who can bring fresh ideas and expertise to your business. This is an excellent opportunity to enhance your workforce and drive your business forward.
Financing Details
Financing Details:
- Type of Financing: Wage Subsidy
- Repayment Terms:
- Eligible employers can receive 75% wage coverage up to $15,000 for a newcomer's salary.
- Eligible Expenses:
- Covers expenses related to placing a newcomer in the environmental workforce.
- Use of Funds:
- The funding can be used to cover a newcomer's salary for a full-time placement lasting 3 to 6 months.
- Fees:
- No specific fees mentioned in the provided context.
Qualifications
- Must be an employer in the environmental sector.
- Must be willing to hire a newcomer to Canada.
- Must provide a full-time placement of 3 to 6 months.
- Must be able to cover 25% of the newcomer's salary.
Must be able to complete required reports throughout the placement.
- Disqualifications:
- Businesses outside the environmental sector.
- Businesses unable to provide a full-time placement.
- Businesses unable to cover the required 25% of the newcomer's salary.
- Businesses unwilling to complete required reports.
Description
This program offers your business a great opportunity to receive 75% of wage coverage, up to $15,000, for hiring a newcomer in the environmental workforce. This funding can help cover the salary for a full-time placement lasting between 3 to 6 months.
Benefits for your business:
- Significant cost savings: Reduce your overhead by getting a substantial portion of the wage covered.
- Expand your talent pool: Gain access to skilled professionals with international experience.
- Boost innovation: Leverage diverse perspectives to drive domestic innovation.
- Build a dynamic team: Enhance your team with new expertise and fresh ideas.
This funding is a valuable resource to support your business growth while contributing to a more inclusive workforce.
Program Steps
Complete the Online Application:
- Visit the program's website and fill out the eligibility assessment and application form.
Prepare Required Documentation:
- Gather the following documents:
- Business registration details
- Financial statements
- Business plan
- Details of the intended use of funds (e.g., quotes for equipment or renovation costs)
- Gather the following documents:
Submit the Application:
- Submit your completed application along with the required documentation through the program's online portal.
Receive Approval:
- Wait for an email notification confirming your pre-qualification for the program.
Start Training:
- Participants will begin their training, including the Essential Skills Training Certificate, and engage in virtual discussions to support the job search process.
Find a Placement:
- Both participants and employers need to secure a placement. Employers can bring their own candidate or choose from a pre-approved list.
Secure Funding:
- Ensure a match is confirmed between the employer and a pre-approved candidate. Sign and return the contract agreements within 15 days of issuance.
Receive Funding:
- Employers will receive 75% wage coverage up to $15,000 for a participant’s salary for a full-time 3 to 6 month environmental position. Ensure training is completed and fill out required reports throughout the placement to receive the wage subsidy.