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Regional Tariff Response Initiative in Atlantic Canada

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Value

Non-repayable contributions up to $1 million may be made to eligible businesses.

Description

The Regional Tariff Response Initiative (RTRI) is providing $80 million over three years to support small and medium-sized enterprises (SMEs) in the region impacted by tariffs. This initiative is strengthening the competitiveness of Atlantic Canadian businesses by helping them boost productivity, cut costs, build more resilient supply chains and reach new markets.

Eligible Applicants

Includes entities currently eligible under REGI program authorities that are directly or indirectly impacted, or that are supporting businesses impacted, by the ongoing trade war, including tariffs imposed by the U.S. and China and Canadian counter-tariffs.

Eligible recipients may include:

  • incorporated companies, corporations, co-operatives, or individuals operating a business
  • Indigenous-owned businesses and organizations
  • non-profit organizations, industry and sector associations, boards of trades, and provincial entities that support affected businesses

In some cases, SMEs may receive non-repayable funding based on specific criteria. This includes projects in the steel and auto sectors.

Applicants must:

  • meet the objectives of the REGI program, and
  • show that at least 25% of their sales are to the U.S. and/or to China, OR demonstrate that they, or the businesses they support, have been directly or indirectly affected by ongoing trade disruptions, including U.S. and China tariffs or Canadian counter-tariffs

Eligible Expenses

Eligible activities are focused on increasing productivity, driving growth and diversifying markets for SMEs and sectors affected by recent tariffs or countermeasures. Examples include:

  • investing in digitization, automation or technology integration to enhance productivity and competitiveness
  • conducting market diagnostics, developing and expanding markets (for example customer diversification, reducing exposure)
  • establishing strategic alliances, optimizing supply chain logistics and ensuring compliance with standards to enhance global and/or domestic presence
  • strengthening domestic supply chains and facilitating internal trade to increase the resilience and competitiveness of SMEs and the reliability of domestic markets
  • business support, market development in all markets, and guidance services, for example advice for businesses from a sectoral intermediary organization.
  • reshoring or onshoring of production, research and development, and recruitment of highly qualified personnel and expertise to the region

Eligible costs may be retroactive up to 12 months before applying, but no earlier than March 21, 2025.

Deadline Date

Ongoing. Please click the link indicated below for update.

Contact

Contact Name: local ACOA program officer

Phone Number: 1-888-576-4444

E-mail Address: nb.bis-sie.nb@acoa-apeca.gc.ca (New Brunswick)

Website: https://www.canada.ca/en/atlantic-canada-opportunities/services/regional-tariff-response-initiative.html

Industry:

Indigenous, Non-Profit

Location:

New Brunswick, Newfoundland, Nova Scotia, PEI

Tags:

Businesses, SMEs

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