Archived: Jobs and Growth Fund | WED

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 3 years, which includes up to $70 million dedicated to businesses created after January 2020 that meet eligibility criteria. In the West, Western Economic Diversification Canada (WD) is investing $217 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. Indigenous-led organizations and/or businesses are strongly encouraged to apply. Under the initiative,

Jobs and Growth Fund in Western Canada – Applicant guide

The Jobs and Growth Fund (JGF) provides funding to businesses and organizations to help create jobs, and position Canada’s economy for an inclusive recovery and long-term growth. The JGF will provide $700 million nationally over three years to position the regional economies for long-term growth by transitioning to a green economy, fostering an inclusive recovery, enhancing competitiveness, and creating jobs across Canada.

Applications will be accepted through a continuous intake process.  All projects must be completed prior to March 31, 2024, as no further funding will be available after that date.

For more information regarding the program please contact us.

Eligible applicants

• businesses (primarily small and medium sized enterprises, fewer than 500 FTEs)
• not-for-profit organizations; and
• indigenous organizations such as not for profits, and businesses, which include but are not limited to First Nations as represented by their Chief and Council, Tribal Councils, Indigenous Representative Organizations, Métis and Inuit organizations and Settlements as well as Indigenous/First Nation/Métis Settlement owned organizations

Eligible activities

The JGF will support projects that contribute to near-term job creation and long-term resilience through projects that will:

• transition to a green economy
• foster an inclusive recovery
• preserve Canada’s competitiveness, future proof SMEs and enhance resilience through productivity improvement and digital adoption
• strengthen capacity in sectors critical to Canada’s recovery and growth

Please refer to the landing page for further details on these eligible activities.

Project examples

• Projects related to clean technology and product development to de-risk and mobilize private capital investments in areas of emerging strength.
• Process adoption that support gains in productivity, greening production and operations as well as climate change adaptation projects that increase SME resilience to the impacts of climate change.
• Investing in the clean and circular economy in partnership with regional governments.
• Inclusive growth projects that support underrepresented entrepreneurs, owned/led businesses and workers which could include projects such as: providing funding to underrepresented entrepreneurs or owned/led SMEs to scale up and reach new markets; or funding to NFPOs providing inclusive business services to improve access to capital, mentoring opportunities and networks to drive greater economic representations.
• Projects contributing to diversifying local capacity (e.g. natural resource endowment, manufacturing assets and the bi-products of traditional industry, etc.) into areas with future clean growth potential.
• Projects that support collaborations to catalyze the development of consortia to support green economy transition, tech development and adoption.
• Projects that support the development or adoption of digital and technological solutions, and investments in technologies that help scale businesses, enhance their productive capabilities, and increase resilience (e.g., cybersecurity solutions, Industry 4.0).
• Projects supporting scale up and market expansion activities that bolster traditional areas of strength and highly impacted sectors.
• Projects that facilitate the development of emerging areas of global competitive advantage that offer opportunities for future growth.
• Projects that attract investment in key sectors.
• Projects that support supply chain adaptation and diversification opportunities to protect Canadian capacity in critical sectors such as food production, medical supplies, and biomanufacturing.
• Other types of projects that support SMEs and communities that are critical to the economic fabric of communities (i.e., major employers in those communities).

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