The Jobs and Growth Fund – The Pillar of Economic Growth

The Job and Growth Fund (JGF) provided by Canada’s Regional Development Agencies (RDA) is offering funding to businesses and organizations to support the creation of jobs and position economies for long-term economic growth. The fund is valued at $700 million nationally which includes $70 million allocated for new businesses established after January 2020.   

Eligible Applicants 

  • Businesses, including co-operatives 
  • Not-for-profit organizations and community economic development partners 
  • Indigenous-led organizations and/or businesses are strongly encouraged to apply (RDAs may contribute up to 100 percent of eligible project costs for projects with Indigenous clients) 

Funding Available  

  • Eligible profitable businesses can receive interest-free repayable contributions for up to 50 percent of authorized costs 
  •  Eligible non-profit businesses can receive non-repayable contributions for up to 90 percent of authorized costs 
  •  Funding for projects will be available for up to $10 million per project contribution amount 

Eligible Activities 

  • Activities that support the transition to a green economy 
  • Activities that foster an inclusive recovery 
  • Activities that preserve Canada’s competitiveness and future proof SMEs through digital adoption 
  • Activities that strengthen capacity in sectors critical to Canada’s recovery and growth 

Project Timeline  

The program is continuously taking applications until funding is fully allocated and will remain open until 2024 

Contact EVAMAX today to get started on your application or learn more about government grants and funding opportunities! 

Like this article?

Leave a comment