Skills Canada Grant Funding for Business Receives $8M
Skills Canada supported approximately 500 youth as they competed in over 40 different trade and technology competitions. The Federal Government of Canada has recently announced that Skills Canada will be receiving over $8 million in Canadian government funding throughout 2012-2015 to promote careers in the skilled trades and technology and to provide hands-on experience to young Canadians. Through these small business funding grants, tax credits and support for training programs and skills competitions, they are encouraging apprenticeships and careers in the skilled trades. This investment complements other initiatives that includes:
- IRAP Youth Employment Program (YEP): Designed to assist young Canadian graduates in obtaining relevant work experience in their area of study and discover full-time employment opportunities through $15K in wage subsidies.
- Small Business Internship Program (SBIP): Hire an online marketing graduate/student through up to $10K of government small business grants.
- Connect Canada Internship: Supports internship positions within any research field with $5,000 in hiring grant funding for business.
In addition, the Economic Action Plan 2012 will invest an additional $40 million over two years to enhance the Youth Employment Strategy to provide more opportunities to gain tangible skills and experience for young people.
Next Steps for Applying to Canadian Government Funding
If your company is interested in hiring and recruitment government incentives, be sure to contact a Mentor Works Canadian Government Funding Expert, where our experts can help with the application process and answer any questions or concerns you may have. In addition, all our followers can receive current small business funding updates by following us on Facebook or LinkedIn.