Businesses in the Yukon have access to many extraordinary grants and support programs! In this article, we will highlight some of the most prominent grants and programs available.
The Economic Development Fund (EDF) is a marvellous catch-all fund for Yukon businesses. The EDF supports initiatives that provide long-term sustainable economic benefits to Yukoners. Or in other words, the eligibility of projects is very broad. The criteria state that eligible projects include those that:
Funding is split into 3 tiers with an increasing maximum funding amount per tier.
The proportion of costs that can be funded via the EDF is the same for each tier.
It is important to note the deadlines, especially if you are applying for the higher tiers!
If you want to apply for the EDF, the first step is to contact an Economic Development Fund program advisor for preliminary screening and helpful advice. Contact information and additional details can be found on their website: EDF
The Canadian Northern Economic Development Agency (CanNor) is dedicated to helping the territories become economically sustainable. They are seeking Expressions of Interest (EOI) for single or multi-year projects that align with their Pan-Territorial Growth Strategy. Similar to the EDF, the criteria are comprehensive.
Key themes of CanNor's Pan-Territorial Growth Strategy include:
For-profit small-and-medium-sized enterprises (SME) can receive up to 50% of project costs with a maximum of $6M for any single eligible recipient per project. If you are applying as a not-for-profit organization (NPO), a non-federal level of government, or an Indigenous organization, 80% of project costs can be funded.
CanNor has a thorough guide to prepare you for your EOI submission. The guide and additional information can be found on their website: EOI Guide
Tech Yukon, as part of the Canadian Digital Adoption Program, is delivering the Grow Your Business Online grant to eligible small businesses in the Yukon. The intent of the grant is to support the digital transformation of your business. Eligible projects include boosting your e-commerce presence and digitalizing business operations.
A micro-grant of up to $5,000 can be awarded to eligible businesses. And, the business will be partnered with an experienced e-commerce advisor to help identify digital opportunities and advise on the application process.
Compared to other programs, the eligibility criteria are more selective. To be eligible for micro-grant funding, small businesses must meet all of the following criteria:
This program has two distinct streams. One stream is to subsidize wages while the other stream funds training for current and future employers. The purpose of the program is helping Yukon employers to:
If your wage subsidy application is approved, Staffing UP will subsidize:
If you need support to provide training to your employees, you will have to identify a 3rd party training program and the best candidates to receive the training within your organization. This funding is split into 4 levels:
Contacting the staff behind the Staffing UP program is the best way to start the application process. Contact information and additional details can be found on their website: Staffing UP