Small businesses in Canada searching for a new channel of loan funding should consider Industry Canada’s Small Business Financing Program. This program helps companies finance improvements and expansion efforts by increasing loan availability across Canada. Is Your Company Eligible for this Government Funding? All Canadian for-profit small businesses with revenue up to $5 million may…
Any company would agree that their employees are the key to business success. A great workforce can save a struggling company and carry it to the forefront of the industry. However, human resource activities aren’t cheap. Large corporations can afford to allocate significant budgets to the hiring process, however most Canadian businesses struggle to budget…
Formally known as Industrial Cooperation Program (CIDA-INC), the Investment Cooperation Program was launched in 2010 when it transferred to Foreign Affairs and International Trade. This program’s enabled companies to carry out responsible, developmentally beneficial, private sector engagement in developing countries resulting in stable economic growth and a decrease in poverty. The way the program works…
CAMBRIDGE, Ontario, Sept. 12, 2011 — Financing for small businesses is always of critical importance. On average, 17 percent of all Canadian entrepreneurs indicate “obtain financing” as an obstacle to growth. Although most business owners (i.e. 68%) receive financing through banking institutions, Canadian government funding and grants are increasing their penetration in Southern Ontario since the formation of…
The Job Creation (JCP) program is a unique Ontario small business funding mechanism. JCP support unemployed workers by providing them with EI benefits as they complete an internship program, while looking for full-time work. The fund allows businesses to hire a contract worker to fill a temporary position at a discounted wage rate. What the…
The ecoENERGY Innovation Initiative is a new program and in the FedDev 2011 budget, the Next Phase of Canada’s Economic Action Plan. They received $97 million for a thorough suite of R&D and demostrating projects. The focus of the program is to encourage the production of technology that uses energy in a more clean and…
Canadian small businesses looking to do business in Hamilton, Ontario should consider the Hamilton LEED Grant Program. This program was created to encourage companies to expand within Hamilton by building energy efficient buildings within the city. The small business grant will help support the tax increases related to the renovations needed to LEED certify your…
The Ontario Ministry of Agriculture, Food, and Rural Affairs (OMAFRA) is supporting Ontario companies in their efforts to produce new biofuel technologies through this new small business grant. The focus of this fund is to: Support the enhancement of the alternative renewable fuels industry and their products and processes; Encourage agricultural value-added opportunities in industries…
Owner and Principle of Mentor Works, Bernadeen McLeod, will be speaking at an upcoming Company of Women event in Kitchener, Ontario in late October. Bernadeen will cover relevant government funding mechanisms and resources for small businesses in the following areas: Business Expansion Capital Investment Human Resources & Training Research & Development There are a variety…
Ryerson University has just recently been approved to administer the FedDev program called Graduate Enterprise Internship. To support Southern Ontario business funding, the details have been summarized for this new hiring program as the Graduate Enterprise Internship. iSTEM Program This is intrapreneurship for Science, Technology, Engineering and Math graduates and has gained the term of…