Economic Development Fund
$500,000
Grant
Description:
The Economic Development Fund supports projects and initiatives that provide long-term, sustainable economic benefits to Yukoners and Yukon communities.
This fund replaces the Regional Economic Development Fund, Strategic Industries Development Fund and Enterprise Trade Fund.
Comments on Funding:
Funding is available for up to:
1. 75% of the eligible project costs; and
2. 50% of capital expenses.
Funding maximums are:
1. tier 1 up to $30,000;
2. tier 2 between $30,001 and $100,000; and
3. tier 3 between $100,001 and $500,000.
For Tier 1: Applications are accepted throughout the year. For Tier 2: April 15 and September 15 For Tier 3: January 15
Eligibility:
Applicants must be:
1. A Yukon business that meets 3 of the following conditions:
a) has an office with a physical address in Yukon;
b) is subject to the Yukon Income Tax Act;
c) is registered under the Business Corporations Act and the Partnership and Business Name Act, where applicable; or
d) has a valid municipal business license, where applicable.
2. Yukon First Nation governments;
3. Yukon First Nation development entities (corporation, partnership, joint venture or trust);
4. Yukon municipal governments;
5. Community societies or industry associations that:
a) are registered under the Yukon Societies Act and are in good standing;
b) are based in 1 or more Yukon communities;
c) are open to public membership;
d) can demonstrate clear interest in seeking to improve Yukon’s economic development; and
6. Not-for-profit corporations incorporated under the Canada Not-for-profit Corporations Act.
Application Steps:
Applicants must:
1. Contact an Economic Development Fund program advisor to find out if your project is eligible.
2. Complete and submit your application before the deadline.
In person:
303 Alexander Street, 2nd floor, Whitehorse
Open Monday to Friday, from 8:30 a.m. to 4:30 p.m.
Email: edf@yukon.ca
Phone: 867-471-0052
Fax: 867-393-7018
Mail:
Government of Yukon
Economic Development Fund (F-1)
Box 2703
Whitehorse, Yukon
Y1A 2C6
Documentation Needed:
Applicants must submit:
1. a completed application form;
2. all the required documents, as requested.
Other Things to Note:
Eligible projects include those that:
a) support business innovation, sustainability and planning;
b) encourage economic diversification through market support; and
c) increase business competitiveness through capacity and capital development.
About the author
Maurice
