Deadline: March 31, 2024
The Jobs and Growth Fund (JGF) is a $700 million federal program that invests in strengthening Canadian economies for long-term growth and jobs creation following setbacks from the COVID-19 pandemic.
The Jobs and Growth Fund JGF includes up to $70 million dedicated exclusively to small businesses established after January 2020.
Eligibility
To be eligible for Jobs and Growth Fund funding for economic growth, applicants must be:
- SME Businesses, including co-operatives
- Not-for-profit organizations and community economic development partners
- Indigenous organizations
Eligible Activities
- Foster an inclusive recovery:
– Support businesses owned or majority-led by underrepresented groups
– Increase the participation of underrepresented groups in the economy by supporting not-for-profit organizations that provide funding, business services, training, etc. for a more equitable workforce - Preserve Canada’s competitiveness and future-proof SMEs through digital adoption:
– Support the development or adoption of digital and technological solutions (i.e. Industry 4.0) to increase and promote business productivity
– Invest in technologies that help scale businesses, enhance their capabilities and increase resilience - Strengthen the capacity in sectors critical to Canada’s recovery and growth:
– Support scale-up and market expansion activities
– Develop emerging areas of global competitive advantage
– Support supply chain adaptation and diversification opportunities in critical sectors such as food production, medical supplies, and biomanufacturing - Support the transition to a green economy:
– 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 cluster
– Work with organizations supporting businesses to transition to a green econom
Benefits
Amount of Funding
- Eligible businesses could receive interest-free repayable contributions for up to 50% of eligible costs
- Eligible not-for-profit organizations could receive non-repayable contributions for up to 90% of eligible costs
- Eligible Indigenous organizations may receive up to 100% of project costs for projects with Indigenous client
- Project contribution amounts do not normally exceed $10 million
