Economic Development Fund

By mmuise
Description:

The Economic Development Fund supports projects and initiatives that provide long-term, sustainable economic benefits to Yukoners and Yukon communities.


Comments on Funding:

Funding is available for up to:
- 75% of the eligible project costs; and
- 50% of capital expenses.

Funding maximums are:
- up to $30,000 for tier 1;
- between $30,001 and $100,000 for tier 2; and
- between $100,001 and $500,000 for tier 3.

Deadline: Tier 1: Applications are accepted throughout the year. Tier 2: April 15 and September 15 Tier 3: January 15 If this falls on a weekend or holiday, the deadline moves to 4:30 p.m. on the next business day.
Eligibility:

Applicants must:

  • be Yukon businesses that meet three of the following conditions:
    a) have an office with a physical address in Yukon;
    b) are subject to the Yukon Income Tax Act;
    c) are registered under the Business Corporations Act and the Partnership and Business Name Act, where applicable; or
    d) have a valid municipal business license, where applicable.
  • be Yukon First Nation governments;
  • be Yukon First Nation development entities (corporation, partnership, joint venture or trust);
  • be Yukon municipal governments;
  • be 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
  • be not-for-profit corporations incorporated under the Canada Not-for-profit Corporations Act.
Application Steps:

-

Documentation Needed:

-

Other Things to Note:

1. This fund replaces the Regional Economic Development Fund, Strategic Industries Development Fund and Enterprise Trade Fund.
2. 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.

Program Contact: https://yukon.ca/en/edf
About the author
mmuise