Canadian Small Business Grants: Economic Action Plan 2013
Minister of State for the Federal State for the Federal Economic Development Agency for Southern Ontario (FedDev), was on hand at an event hosted by the Cambridge Chamber of Commerce (CCC) to discuss the Economic Action Plan 2013. Minister Goodyear highlighted the fact that since the worst of the global recession Canada has had the best record in job creation among all G-7 countries with nearly 1 million net new jobs.
Canadian Government Funding & Support Will Create Jobs, Growth & Prosperity
The Minister of State; who leads the nation’s science and technology government grants for small business initiatives, also took the opportunity to give early praise to the 2013 Federal Budget and the leading party’s Economic Action Plan. He explained at length how its plans stand to position Canada for greater success in the 21st century economy while creating jobs and growth while setting up the nation for long term prosperity.
Government Funding Canada Key Growth Building Initiatives
The Economic Action Plan 2013 builds on its success to date by relying on the following key initiatives:
- An increase in the support for skills and training, including the new $15,000 small business grants for hiring called the “Canada Job Grant” to help more Canadian find high-quality, well-paying jobs;
- Aiming to help businesses, with emphasis on manufacturers, succeed in the global economy by enhancing the conditions for growth and innovation and extending hiring credits for small businesses who create jobs;
- Through the introduction of a new Building Canada Plan that will lead to better roads, bridges and public transit in cities and communities across Canada; and
- By investing in world-class research and innovation to help ensure new ideas are developed and commercialized.
Minister Goodyear went on to state, “This is great news for the workers, businesses and communities in Southern Ontario,”
New Small Business Funding Grants & Loans in the Works
A major part of the Action Plan includes a renewed pledge for government funding for business through FedDev Ontario. Goodyear drew attention to the fact that the agency has made significant progress since its establishment in 2009 while admitting that the province was still under considerable pressure to become more productive and competitive.
The Economic Action Plan 2013 provides $920 million for Canadian government funding via FedDev Ontario over five years, starting on April 1, 2014, while Ottawa will also allocate $200 million over five years for a new “Advanced Manufacturing Fund” in Ontario.
Connect with Mentor Works for the Latest Canadian Government Funding News
Stay connected with Mentor Works for up to date information on government funding for small business programs without the political commentary. Visit a Free Canadian Government Funding Workshop taking place this week. Please also connect with us on LinkedIn, Twitter.
Hi Ryan,
Hope you’re doing well and thank you for your industry funding insights to helping us overcome the obstacle of early stage incubator project.
A couple of year ago I graduated from the ******* Program at ****** College and while studying over a period of a year I’ve developed an edutainment concept using a website motion capture platform to helping children to be more active (physically fit).
I’ve shown the concept to a couple of people from the industry for validation purposes and the feedback was very encouraging. Now that I’m ready to take it to the next stage (prototype) I’m looking for various way of grant, development funding, etc…
Your valuable feedback and suggestions with regards to funding will be greatly appreciated.
Thank you,
Hello Amine,
Congratulations on your new venture ~sounds exciting! I sent you a follow up by email with further information. As mentioned in my message, I would suggest by first downloading a government funding eligibility checklist: http://www.mentorworks.ca/startups/