This program is designed specifically for businesses like yours in rural PEI. You can receive funding to cover up to 50% of an employee's wages, totaling $18.00 per hour for up to 20 weeks. This means you can hire or train staff while significantly reducing your labor costs. The opportunity to invest in your workforce without bearing the full financial burden can be a game-changer for your business.

By applying, you're not only enhancing your team's skills, but you're also contributing to the local economy. A stronger workforce leads to better productivity and growth potential, which benefits your business and community. The program offers flexibility; whether you're onboarding new talent or upskilling current employees, these funds will help you focus on what matters most—growing your business.

Qualifying is straightforward, and since there are no upper limits on revenue or employee counts, it's a great fit for all businesses. Don’t miss this chance to invest in your team while easing your financial constraints!

This program offers a wage subsidy that covers up to 50% of an employee's wage for a period of 20 weeks, based on a 40-hour work week. The maximum rate is $18.00/hour, which includes vacation pay. This means that for every dollar you pay your employee, you can receive reimbursement for 50 cents, making it a cost-effective way to bolster your workforce.

Repayment and Fees

There are no repayment terms or interest rates associated with this subsidy. It's simply a reimbursement for eligible wages. Additionally, there are no fees tied to the application or funding process, allowing you to focus your resources on your business.

Eligible Expenses

You can use the funds to cover wages for employees involved in training and mentorship. However, it's important to note that funds cannot be used for administrative costs or equipment purchases. This keeps the focus on direct support for workforce development.

• Must be a private sector business located in rural Prince Edward Island.
• Open to all sectors.
• No minimum number of employees required.
• No maximum number of employees allowed.
• No minimum revenue qualifications.
• No maximum revenue qualifications.
• All legal structures are applicable (e.g., sole proprietorships, partnerships, corporations).
• All profit structures are applicable (e.g., for-profit, non-profit).

Disqualifications:

• Businesses located outside of rural Prince Edward Island are disqualified.

You can receive funding to cover up to 50% of an employee's wages, equating to $18.00 per hour for up to 20 weeks. This funding supports your business by easing costs while you focus on training and mentoring your new or existing employees. It can help enhance your workforce, which is crucial for growing your business in rural PEI.

This program aims to support economic development in your community. By taking advantage of these funds, you can invest in skills and training that will benefit not just your business, but also the local economy. You can hire someone new or utilize these funds for training existing employees, giving you flexibility in your workforce management.

The funding covers a significant portion of wages, reducing your financial burden and allowing you to invest those savings back into your business. For 20 weeks at 40 hours a week, that's a real opportunity to enhance your team's skills without the full cost. It's a practical step towards building a stronger, more skilled workforce in your area.