CanNor Jobs and Growth Fund
The Jobs and Growth Fund provides funding to businesses and organizations to help create jobs and position local economies for long-term growth.
In the territories, the Canadian Northern Economic Development Agency (CanNor) is investing $21 million to help job creators and the organizations that support them to future-proof their businesses, build resiliency and prepare for growth by transitioning to a green economy, fostering an inclusive recovery, enhancing competitiveness, and creating jobs in every corner of the country.
Offered by Canadian Northern Economic Development Agency (CanNor)
Amount
Interest-free repayable contributions for up to 50 percent of eligible costs (businesses); non-repayable contributions for up to 90 percent of eligible costs (not-for-profit organizations); up to 100 percent of eligible project costs for projects with Indigenous clients
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Who can apply
- Businesses, including co-operatives.
- Not-for-profit organizations and community economic development partners.
Indigenous applicants
- Indigenous-led organizations and/or businesses are strongly encouraged to apply. Under the initiative, RDAs may contribute up to 100 percent of eligible project costs for projects with Indigenous clients.
About the funding
Indigenous-led organizations and/or businesses are strongly encouraged to apply. Under the initiative, RDAs may contribute up to 100 percent of eligible project costs for projects with Indigenous clients.
- Eligible businesses could receive interest-free repayable contributions for up to 50 percent of eligible costs.
- Eligible not-for profit organizations could receive non-repayable contributions for up to 90 percent of eligible costs.
Activities that support the transition to a green economy, including those that:
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- Support the development and adoption of clean technology.
- Help communities and businesses plan and drive clean, sustainable economic growth.
- Partner with organizations to catalyze the development of green regional clusters.
- Work with organizations supporting businesses to transition to a green economy.
Activities that foster an inclusive recovery, including those that:
- Support businesses owned or majority-led by underrepresented groups, such as Indigenous peoples, members of racialized communities, women, youth, LGBTQ2, persons with disabilities, newcomers to Canada, and members of official language minority communities.
- Increase the participation of underrepresented groups in the economy by supporting not-for-profit organizations that provide funding, business services, training and access to resources to build a more inclusive and equitable workforce.
Activities that preserve Canada's competitiveness and future-proof SMEs through digital adoption, including those that:
- Support the development or adoption of digital and technological solutions (i.e. Industry 4.0 solutions) to increase and promote business productivity.
- Invest in technologies that help scale businesses, enhance their capabilities and increase resilience.
Activities that strengthen capacity in sectors critical to Canada's recovery and growth, including those that:
- Support scale-up and market expansion activities that bolster traditional areas of strength.
- Develop emerging areas of global competitive advantage.
- Support supply chain adaptation and diversification opportunities to build Canadian capacity in critical sectors such as food production, medical supplies and biomanufacturing.
Similar programs
| Program | Type | Amount | Status |
|---|---|---|---|
| AgriScience Program – Projects | Grant, In-Kind Support | Up to $5 million per project and $10 million per applicant over the program's duration (2023 to 2028) | Open |
| Aboriginal Entrepreneurship Program: Access to Capital | Grant | Individual Indigenous entrepreneurs may receive up to $99,999 in funding assistance and eligible Indigenous community businesses may receive up to $250,000 (non-repayable equity contribution | Open |
| BDC Indigenous Entrepreneur Loan | Loan | Up to $350,000 | Open |
| BDC Newcomer entrepreneur | Loan | Up to $50,000 | Open |
