On March 12, Northern Development, along with the BC Manufacturing Jobs Fund, will host a webinar designed specifically for the Northern communities of BC. Both organizations will be sharing program details, including eligibility, funding streams, and how to apply for funding.
The webinar is ideal for businesses located in Northern B.C. who are involved in manufacturing.
MJF has two funding streams: Project Readiness and Capital Investment. The streams support different stages of planning and launching capital projects.
Stream 1 – Project Readiness provides up to 50% of total project costs to a maximum of $50,000 to develop final-stage operational and technical assessments or business and project planning for a capital project. Project Readiness proposals must lead to a planned capital project aligned with Stream 2.
Stream 2 – Capital Investment provides up to 20% of eligible total project costs with contributions ranging between $100,000 and $10 million for new or renovated manufacturing infrastructure, technology, equipment, and processes. Total project sizes should be between $500,000 and $100 million.Â
Northern Development offers three Business Development programs that provide rebates to businesses engaging in external consulting projects to build capacity within the business or engage in innovative projects such as applied research and development or testing of innovative equipment or technologies.
Competitiveness Consulting Rebate Program – provides a rebate to small and medium sized businesses in eligible industries for customized consulting services.
A rebate of up to 50% to a yearly maximum of $30,000 can be recovered for the cost of external business consulting projects. Projects must focus on increased resiliency, productivity, revenues, profitability and/or job creation.
Small Business Recovery (SBR) Consulting Rebate – will reimburse eligible small and medium sized businesses (operators) for contracted consulting services. Businesses that are impacted by an economic downturn in Northern Development’s service region, and can demonstrate significant decrease in business health and profitability, are eligible to apply. A rebate of up to 85%, to a yearly maximum of $30,000, can be recovered for the cost of hiring a consultant to assist with business efforts.
Northern Industries Innovation Fund – offers incremental funding to match and leverage existing funding programs from provincial and federal organizations or private sector investments that have the potential to create new jobs and increase revenues in central and northern British Columbia. The program offers a rebate of up to 50% to a maximum of $50,000 per project.
This is a virtual event and is presented at no cost.
Registration and other details can be found here.
