Industry Expansion Program
Highlights
This program is designed for businesses like yours that are looking to expand or set up new operations in Manitoba. By applying, you can receive customized financial assistance tailored to your specific needs. This support can significantly reduce the costs associated with training both new and existing employees, ensuring your workforce is skilled and ready to contribute to your business growth.
Key Benefits:
- Financial assistance for employee training, including:
- Training for new hires and current staff
- Training delivered by internal or external trainers
- Development or purchase of training materials
- Lease or purchase of training-related equipment
- Custom-prepared support based on your project’s specifics, such as the number of new jobs created and the overall economic benefit to Manitoba.
Why Apply?
- Ease of Qualification: The program is designed for businesses like yours, making it straightforward to qualify.
- Economic Impact: By participating, you contribute to Manitoba’s economic growth while enhancing your business capabilities.
- Job Sustainability: Ensure long-term employment for your new hires, with a requirement to retain new positions for a minimum of 2080 hours of full-time employment.
Applying for this program can provide you with the resources needed to grow your business effectively and sustainably.
Financing Details
Type of Financing: Grant
Repayment Terms:
- No repayment is required as this is a grant.
Eligible Expenses:
- Training for both new hires and existing employees.
- Training delivered by internal staff or external organizations.
- Development or purchase of training curriculum and learning materials.
- Lease or purchase of equipment directly related to and required for training.
- Expenditures related to the development and delivery of appropriate training for employees.
Ineligible Expenses:
- Ongoing routine business costs (e.g., operational, administrative, maintenance, recruitment, capital costs, salaries).
- Research or scoping activities.
- Activities that have already occurred.
Fees:
- There are no fees associated with this program.
Qualifications
- Must be a private, for-profit company.
- Must have a Canadian Business Number.
- Must be licensed to carry on business in Manitoba.
Must be locating new operations in Manitoba or expanding existing Manitoba operations.
Disqualifications:
- Funding is not available for ongoing routine business costs (e.g., operational, administrative, maintenance, recruitment, capital costs, salaries).
- Funding is not available for research or scoping activities.
- Funding is not available for activities that have already occurred.
Description
This program is designed to help your business grow in Manitoba. You can receive custom financial assistance based on your specific needs. The amount you get depends on the number of new jobs you create, your total project costs, and your contribution to the project.
You can use the funds for:
- Training new hires and current employees
- Training provided by your staff or external organizations
- Developing or purchasing training materials
- Leasing or buying equipment needed for training
Important conditions:
- The funds cannot be used for routine business costs like operations, administration, maintenance, recruitment, capital costs, or salaries.
- You must retain all new positions for a minimum of 2080 hours of full-time employment during the agreement period.
This program is a great opportunity to invest in your employees and expand your business operations in Manitoba.
Program Steps
Gather Necessary Documentation: Prepare the following documents:
- Canadian Business Number
- Proof of business license in Manitoba
- Business plan detailing the expansion or new operation
- Financial statements
- Project cost estimates
- Details of net new positions to be created
Complete the Application Form: Access and fill out the application form available on the program's website.
Submit the Application: Submit the completed application form along with the required documentation to the designated contact point provided by the program.
Await Review and Feedback: The program administrators will review your application and may contact you for additional information or clarification.
Participate in Follow-Up Discussions: Engage in any follow-up discussions or meetings requested by the program administrators to further discuss your project and its benefits to Manitoba.
Receive Approval and Funding Details: Upon approval, you will receive details about the funding assistance, including the amount, terms, and conditions.
Implement the Project: Begin the expansion or new operation as outlined in your application, ensuring compliance with the program's requirements.
Report on Progress: Provide regular updates and reports to the program administrators on the progress of your project and the creation of new positions.
Ensure Job Sustainability: Maintain all net new positions created for a minimum of 2080 hours of full-time employment throughout the agreement period.