Value
Varies. provides $700 million nationally over 3 years, which includes up to $70 million dedicated to businessesDescription
The Jobs and Growth Fund provides funding to businesses and organizations to help create jobs and position local economies for long-term growth. The Fund, delivered by Canada’s regional development agencies (RDAs), provides $700 million nationally over 3 years, which includes up to $70 million dedicated to businesses created after January 2020 that meet eligibility criteria.
Eligible Applicants
- businesses (primarily small and medium sized enterprises, fewer than 500 FTEs)
- not-for-profit organizations; and
- indigenous organizations such as not for profits, and businesses, which include but are 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 Indigenous/First Nation/Métis Settlement owned organizations
Eligible Expenses
- Eligible businesses could receive interest-free repayable contributions for up to 50% of eligible costs.
- Eligible not-for profit organizations could receive non-repayable contributions for up to 90%of eligible costs.
The JGF will support projects that contribute to near-term job creation and long-term resilience through projects that will:
- transition to a green economy
- foster an inclusive recovery
- preserve Canada’s competitiveness, future proof SMEs and enhance resilience through productivity improvement and digital adoption
- strengthen capacity in sectors critical to Canada’s recovery and growth
Deadline Date
Ongoing. This is the anticipated date the project activity will cease and may be as late as March 31, 2024.Contact
Contact Name: Western Economic Diversification Canada
Phone Number: 1-888-338-9378
E-mail Address: wd.ab-ab.deo@canada.ca
