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Community Economic Development and Diversification in British Columbia

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Value

Varies

Description

The CEDD program supports economic development initiatives that contribute to the economic growth and diversification of communities across British Columbia.  Through this program, PacifiCan enables communities to leverage their capacity and strengths to:

  • respond to economic development opportunities
  • adjust to changing and challenging economic circumstances (e.g. inter-city bus transportation, wildfires and floods)

Eligible Applicants

  • not-for-profit organizations, including industry associations, economic development organizations, cultural organizations and societies
  • post-secondary institutions
  • co-operatives
  • hospitals and regional health care centers
  • Indigenous-led not-for-profits and organizations, which may include but not limited to First Nations as represented by their Chief and Council, Tribal Councils, Indigenous representative organizations, Métis and Inuit organizations and Settlements, as well as First Nation/Métis Settlement wholly-owned businesses where all profits accrue solely to the First Nation/Settlement to benefit community members
  • municipal governments and organizations created by them
  • federal Crown corporations (Treasury Board Secretariat will be consulted prior to any funding decisions for federal Crown corporations.)
  • provincial government departments, agencies and crown corporations

Eligible Expenses

Strong projects demonstrate:

  • strong market/industry demand (e.g., the project addresses a significant gap in the market, there is a demonstrated industry demand for the project or there is demonstrated labour/skills shortages)
  • clear, measurable economic results for British Columbia
  • effective governance measures and management team in place to carry out the project
  • a strong rationale for the project
  • financial statements that demonstrate the organization is financially self-sustaining
  • leveraged funding from provincial governments, the private sector, and other non-government sources (typically 50 percent or more)
  • source(s) of non-PacifiCan funding (requires proof of confirmed funding.)

Deadline Date

The Community Economic Development and Diversification program accepts applications on an ongoing basis. The application process is two-staged, beginning with an Expression of Interest (EOI). Applicants must first discuss their project with PacifiCan and receive an invitation to submit an EOI. If the EOI is successful, an invitation to submit a full application will follow. Please visit the official website for detailed guidelines and to verify specific requirements.

Contact

Contact Name: PacifiCan

E-mail Address: info@pacifican.gc.ca

Website: https://www.canada.ca/en/pacific-economic-development/services/funding/community-economic-development-diversification.html

Industry:

Indigenous, Municipalities, Non-Profit, University Partnerships

Location:

British Colombia

Tags:

Co-ops, Economic Development, Post-secondary

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