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Economic Development Capacity Building program | Northern Development Initiative Trust

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Value

Up to $50,000 grant each calendar year.

Description

The Economic Development Capacity Building program provides a financial incentive for local governments to hire and maintain an Economic Development Officer (EDO) OR to pursue economic development activities.

Eligible Applicants

All applicants must be located within Northern Development’s service region.

  • Local governments

Eligible Expenses

Projects, third party contracting, and consulting services that align with a community’s economic development plan and fits within the following categories:

  • Economic Development Planning
    • Developing Plans and Strategies
      • Including but not limited to: producing economic development plans, business retention and expansion plans, community and downtown revitalization plans, marketing plans and workforce attraction planning
    • Conducting Applied Research and Analysis to Support Planning/Priority Setting
      • Including but not limited to: conducting sector or economic analysis, collaborative research studies or evaluations, feasibility studies and market research
  • Economic Development Implementation
    • Sector Development and Economic Diversification
      • Activities and efforts aimed at diversifying the economy, expanding current sectors and attracting new businesses or sectors to a community
    • Marketing and Promotion
      • Marketing activities that promote a specific economic opportunity for investment (i.e. entrepreneurship attraction videos)
    • Business Retention and Expansion
      • Conducting business retention and expansion activities and implementing specific action items identified from a business retention and expansion plan
    • Business and Investor Hosting (max $5,000)
      • Hosting of trade missions and/or investor tours where business or investment attraction is the primary focus. Can include costs associated with transportation, accommodations and facility/venue rentals

Deadline Date

Annually (winter). Applications are accepted starting November 1 and must be received prior to midnight on March 31 to be eligible for consideration in that funding year.

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Download Now! Five Grant Gotchas

There is grant money waiting for YOU! BUT if you step in a “grant trap,” your application is a NO! Learn the FIVE most common errors to AVOID in government grants! Get the 5 Grant Gotchas now to save you countless hours.

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