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

 

Click Here To Apply