Trade Commissioner Service — CanExport Community Investment
Highlights
This program is designed for businesses like yours that are looking to expand internationally. It offers non-repayable grants ranging from $3,000 to $500,000 to cover up to 50% of eligible expenses. This financial support can help you attract, retain, and expand your foreign direct investment activities, ultimately creating jobs and boosting innovation.
Why Apply?
- Significant Financial Support: Receive up to $500,000 in non-repayable grants.
- Flexible Use of Funds: Use the funds for various eligible expenses to grow your business.
- Government-Backed: Benefit from a program backed by the Government of Canada, ensuring reliability and support.
What's in it for You?
- Job Creation: Increase your capacity to create jobs for Canadians.
- Innovation Boost: Support and enhance your business's innovative capabilities.
- Export Growth: Expand your business's reach into international markets.
Qualifying for this program is straightforward, and the application process is designed to be user-friendly. By being approved, you gain access to substantial financial resources that can propel your business to new heights.
Financing Details
Type of Financing: Non-repayable Grant
Repayment Terms:
- No repayment required.
Eligible Expenses:
- Activities aimed at attracting foreign direct investment (FDI).
- Projects that support innovation and job creation.
- Initiatives that increase exports.
Ineligible Expenses:
- General operating expenses.
- Costs not directly related to FDI activities.
- Personal expenses.
Fees:
- No application or processing fees.
Qualifications
- Must be a community seeking to improve its capacity to attract, retain, and expand Foreign Direct Investment (FDI).
Must be a non-profit partnership at the local community level.
Disqualifications:
- For-profit businesses.
- Individual applicants.
Description
This program offers your business non-repayable grants ranging from $3,000 to $500,000. These grants can cover up to 50% of eligible expenses, helping you attract, retain, and expand foreign direct investment (FDI) activities.
Use the funds to:
- Create jobs
- Support innovation
- Increase exports
The grants are available for a one-year period, from April 1 to March 31. This financial support can significantly boost your business's capacity to grow and succeed in international markets.
Program Steps
Register Your Organization:
- Visit the CanExport Community Investments website.
- Follow the instructions to register your organization.
Prepare Documentation:
- Gather the following documents:
- Financial statements
- Business plan
- Details of intended use of funds
- Quotes for any planned expenses
- Proof of non-profit status (if applicable)
- Previous funding received (if any)
- Gather the following documents:
Complete the Application Form:
- Fill out the application form available on the CanExport Community Investments website.
- Ensure all sections are completed accurately.
Submit the Application:
- Upload all required documents.
- Submit the completed application form through the online portal.
Review and Follow-Up:
- Monitor your email for any follow-up requests or additional information needed.
- Respond promptly to any inquiries from the program administrators.
Await Decision:
- Wait for the review process to be completed.
- You will be notified of the decision via email.
Agreement and Funding:
- If approved, review and sign the funding agreement.
- Funds will be disbursed according to the terms outlined in the agreement.
