Bonnyville Resource and information network (B.R.A.I.N)

OPPORTUNITY: 

CFB Cold Lake has been identified as the home of Canada’s future fighter program:

https://www.lakelandtoday.ca/cold-lake-news/new-fighter-jet-facility-coming-to-cold-lake-2674499

This expansion to the air base will provide many opportunities for local contractors from food services, cleaning supplies, construction and maintenance, to name a few. Could you diversify your business by securing a contract at CFB Cold Lake? 

Want more opportunity? CFB Wainwright and CFB Edmonton within 2.5 hours of Bonnyville. 

Search Merx.com for opportunities at CFB Cold Lake - Use "4 Wing Cold Lake" to find RFP's.

Need to learn how to do business with the Government and CFB Cold Lake? Contact: Community Futures Lakeland: https://lakeland.albertacf.com/ or 780.826.385

Jobs and Growth Fund: 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. Delivered by Canada’s regional development agencies, in this case PrairiesCan, the fund will provide $700 million nationally over 3 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. More information can be found here: https://www.canada.ca/en/prairies-economic-development/services/funding/jobs-growth-fund/jobs-growth-fund-applicant-guide.html  

Tax credits for R&D Scientific Research and Experimental Development (SR&ED). The SR&ED program provides tax credits and refunds for expenditures on eligible R&D activities in Canada. This program is administered by the Canada Revenue Agency and provides more than CA$3 billion tax incentives annually to businesses. These tax incentives come in the form of income tax deductions, investment tax credits, or refunds. Examples of work that qualifies for the SR&ED tax incentives include experimental research conducted to achieve technological advancement to create or improve new materials, devices, products or processes.  More information can be found here: https://www.canada.ca/en/revenue-agency/services/scientific-research-experimental-development-tax-incentive-program.html

The Canadian Agricultural Partnership (CAP) - Alberta CAP is a CA$3 billion, five-year (2018-2023) federal-provincial-territorial government (FPT) investment initiative in the agriculture, agri-food and agri-based products sector. It aims to generate economic growth, job creation and innovation within the sector. CAP provides a suite of government funding programs to businesses and initiatives in the sector and seeks to address region-specific needs. These programs are cost-shared between the federal government and the provincial/territorial government, with each party contributing 60% and 40%, respectively. In Alberta, CAP has committed CA$406 million towards strategic initiative programs over five years. It has resulted in various streams of funding for businesses and organizations that produce, modify, manufacture and advocate for Alberta-made agricultural products. The programs offered under CAP are the Agriculture and Food Sustainability Assurance Initiative, Efficient Grain Handling Program, Emerging Opportunities Program, Farm Technology Program, Market Assurance Program, Water Program, Youth Agriculture Education Program and many more. These programs were updated in 2022 and are scheduled to be in effect until the expiration of CAP on March 31, 2023.  More information can be found here: https://cap.alberta.ca/

Accelerated Investment Incentive: The Accelerated Investment Incentive was introduced in 2018 as a means to encourage investment in capital assets. This temporary incentive provides an enhanced first-year allowance for certain property that is subject to capital cost allowance rules. Manufacturing and processing machinery and equipment acquired after November 20, 2018 (until 2024), and available for use before 2028, will be eligible for an initial 100% deduction. A phase-out will begin for property that becomes available for use after 2023. In relation to agribusiness, this incentive allows businesses to immediately write off the full cost of machinery and equipment used for the manufacturing or processing of goods. These measures are scheduled to be phased out between 2024 and 2027. More information can be found here: https://www.investcanada.ca/programs-incentives/accelerated-investment-incentive

Business Scale-Up and Productivity Program (BSP): Are you looking to grow? BSP supports high-growth businesses that are scaling up and producing innovative goods, services, or technologies. It offers interest-free, repayable funding to incorporated Canadian companies.

The objectives of the program are to: 

• assist high-growth companies to scale-up and expand,
• support technology demonstration and bringing new technologies to market, 
• encourage the early adoption or adaptation of leading-edge technologies and processes to improve productivity, and
• increase businesses’ capacity to grow through market diversification and entry into global markets.
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Your project proposal must support one of the following priorities: 

• clean technology
• clean resources
• digital technology
• advanced manufacturing
• value-added agriculture
• health/bio-sciences

Alberta Innovates: Alberta Innovates offers programs aimed at helping small and medium-sized enterprises (SMEs) advance business readiness levels and accelerate product commercialization. Under the R&D Associates, SMEs may be eligible for up to CA$67,500 in grants for one year in order to employ in-house professional research and development capability. Additionally, under the Commercialization Associates program, SMEs may be eligible for up to CA$105,000 in funding to employ highly trained personnel for one year.  More Information can be found here: https://albertainnovates.ca/

Canada-Alberta Job Grant: Eligible employers can get government funding to help employees and unemployed Albertans  access training opportunities. More information can be found here:  https://www.alberta.ca/canada-alberta-job-grant.aspx

Alberta Jobs Now Program. The Alberta Jobs Now program provides up to CA$370 million to private and non-profit businesses to support much-needed jobs for unemployed and underemployed Albertans across the province. Employers will be able to apply for a grant that covers 25% of an employee’s salary or training costs for up to a maximum of CA$25,000 per employee. The second application intake for this program closed on December 17, 2021 and the third intake will be announced at a later date. More information can be found here: https://www.alberta.ca/alberta-jobs-now-program.aspx

Community Facility Enhancement Program (CFEP). CFEP funding provides financial assistance to acquire, build, purchase, repair, renovate, upgrade or expand sports, recreational, cultural or other related public-use community facilities. CFEP outcomes are to:  •enhance the lifespan and support the creation of public-use community facilities  •stimulate economic activity across the province.   More information can be found here: https://www.alberta.ca/community-facility-enhancement-program.aspx

Workforce Strategies Grant.  Workforce Strategies grants support organizations with innovative solutions that will help Albertans develop new skills and assist employers and industry to grow their workforce. Workforce Strategies grant funding is intended to provide eligible applicants with the ability to implement projects that support skills, employment and workforce development needs. More information can be found here: https://www.alberta.ca/workforce-strategies-grants.aspx

Alberta Export Tool:  Explore markets with the Export Data Tool. Find new market opportunities for your product/business using the interactive data set.  More information can be found here:  https://export.alberta.ca/export-tool/