Jobs and Growth Fund
The Jobs and Growth Fund provides funding to businesses and organizations to help create jobs and position local economies for long-term growth. The Fund, delivered by Canada's regional development agencies (RDAs), provides $700 million nationally over three years, which includes up to $70 million dedicated to businesses created after January 2020 that meet eligibility criteria.
In Northern Ontario, FedNor is investing $26.6 million to help job creators and the organizations that support them to future-proof their businesses, build resiliency and prepare for growth by transitioning to a green economy, fostering an inclusive recovery, enhancing competitiveness, and creating jobs in every corner of the country.
- Businesses, including co-operatives.
- Not-for-profit organizations and community economic development partners.
- Indigenous-led organizations and/or businesses are strongly encouraged to apply. Under the initiative, FedNor may contribute up to 100% of eligible project costs for projects with Indigenous clients.
Activities that support the transition to a green economy, including those that:
- 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 clusters.
- Work with organizations supporting businesses to transition to a green economy.
Activities that foster an inclusive recovery, including those that:
- Support businesses owned or majority-led by underrepresented groups, such as Indigenous peoples, members of racialized communities, women, youth, LGBTQ2, persons with disabilities, newcomers to Canada, and members of official language minority communities.
- Increase the participation of underrepresented groups in the economy by supporting not-for-profit organizations that provide funding, business services, training and access to resources to build a more inclusive and equitable workforce.
Activities that preserve Canada’s competitiveness and future-proof SMEs through digital adoption, including those that:
- Support the development or adoption of digital and technological solutions (i.e., Industry 4.0 solutions) to increase and promote business productivity.
- Invest in technologies that help scale businesses, enhance their capabilities and increase resilience.
Activities that strengthen capacity in sectors critical to Canada’s recovery and growth, including those that:
- Support scale-up and market expansion activities that bolster traditional areas of strength.
- Develop emerging areas of global competitive advantage.
- Support supply chain adaptation and diversification opportunities to build Canadian capacity in critical sectors such as food production, medical supplies and biomanufacturing.
- Eligible businesses could receive interest-free repayable contributions for up to 50 percent of eligible costs.
- Eligible not-for profit organizations could receive non-repayable contributions for up to 90 percent of eligible costs.
Applications will be accepted on a continuous intake basis until such time as the funding is fully allocated.
Please review the application guide for more information.
Submitting an application
- Date modified: