Funding for small businesses: Atlantic Canada

• Be a small and medium-sized enterprise (SME) based and operating in Newfoundland and Labrador having fewer than 100 employees and less than $10 million in sales.
• Demonstrate its ability to undertake the work identified in the project proposal.
• Demonstrate its ability to access the financial capital required to complete the project.
• Operate in a strategic sector as defined by TCII.
• Be in good standing with the Government of Newfoundland and Labrador.

• a small business with fewer than 100 employees
• a start-up company incorporated within two years of the application date
• a social enterprise, not-for-profit organization, or registered charity with recognized standing
• the position must be new, permanent, full-time position with a salary of $30,000 a year (minimum).

Note: You cannot receive funding from any other government employment program for this position.

• Up to 100% of your training costs to be covered up to $10,000
• For larger businesses, WIPSI provides up to 50% of direct training costs

• Improve productivity and profitability
• Increase innovation
• Adapt to new technology, machinery and equipment, or work processes
• Increase inter-provincial and international competitiveness; and
• Foster workplace diversity.

* Full-time seasonal employees may be considered.

Eligibility:

• Located in Nova Scotia
• Registered and active in the Nova Scotia Registry of Joint Stock Companies or incorporated by an Act of the Nova Scotia Legislature
• Over one calendar year into operations
• Generating directly or representing businesses (e.g. Sector councils) that have at least thirty percent (30%) of revenues from commercial activity
• Producing a minimum of $25,000 in wages or owner remuneration
• Not solely generating profit from wholesale, retail, and accommodations and food services (e.g. businesses that manufacture and sell products)

• small businesses operating on Prince Edward Island, excluding fishers, farmers, not-for-profit organizations, banks and financial companies, realty companies (including commercial/residential landlords and developers), and professional and consulting services
• The business must have at least one employee (minimum of 560 hours) or the business is the primary source of income for the applicant. (Verification may be requested.)
• A person who has multiple qualifying businesses and/or is a controlling shareholder in multiple qualifying businesses is only eligible to access this program for one (1) business per fiscal year.
• The company is registered to do business federally or provincially.
• An eligible business can only submit one application per year either through this program or Innovation PEI’s Capital Acquisition program.

Review the full eligibility details on the Government of PEI Small Business Investment Grant webpage.