The Leduc-Nisku EDAtorial
Leduc Blog
Government Funding and Programs
October 16, 2015
On September 23 nearly a dozen participants attended the Government Funding & Programs session which was the first of the three part Financing Options for Business series.  This series is sponsored by the City of Leduc and hosted by the Leduc-Nisku Economic Development Association.

There were four program experts in attendance who spoke about what they know best – their funding opportunities and expert knowledge for business. 

The event kicked off with Ron Matheson an advisor from Concierge Services with the National Research Council – Industrial Research Assistance Program.  Ron has over 30 years’ experience working with companies.  He told the participants that Concierge is a single access point to funding, expertise, facilities and global opportunities. There are over 100 government programs and industry partners whose sole purpose is to provide advice and support to small businesses and start-ups at NO COST or obligation.

Export Development Canada was up next on the panel and shared their mandate of supporting and developing Canada’s export trade and international business efforts.  Anani Klutse, Account Manager indicated that EDC has a five year plan to grow Canada’s SME’s selling in emerging markets from 29 per cent to 50 per cent by 2015.  This means, EDC wants to support an additional ten thousand companies to go global which would create more than 40,000 net new jobs. EDC can help companies with connecting to new markets, accessing working capital and addressing risk management.

Jeff Christie from Boast Capital specializes in helping companies understand and apply for the Scientific Research and Experimental Development Tax Credit Program.  Does your company qualify?  In just one phone call to Jeff, you can find out.  In 2013, the government funded over 3.4 Billion dollars in assistance to over 22,000 claimants.  This funding is available now for industries in Software Development & ICT, Oil & Gas and Energy, Manufacturing, Agriculture, Bio Technology and more.  Again, NO COST and no obligation to reach out and see if your company qualifies.

The final topic of the day was in regards to the Canada-Alberta Job Grant.  Kelly Johnson is a Workforce Consultant with the Ministry of Jobs, Skills, Training and Labour with the Government of Alberta.  Kelly indicated that this job grant is under-utilized and she hopes participants will share information about this program and apply.  Kelly realizes that training your staff is one of the first areas to be cut in difficult times, so why not access money to support both the company and your valued employees.  This grant is open to private and non-profit sector employers in Alberta, to new or existing employees and will cover two-thirds of the training costs up to $10,000 per employee.  The application process is not erroneous and Kelly – along with her team – are there to help.  There is NO COST and no obligation to a company for asking if they qualify. 

Final comments of the day – again, there is NO COST and no obligation to the individual or the company to pick up the phone and ask if they qualify for any one of the number of funding programs available to them.  These experts could not stress enough, their sole purpose is to support and help business, and they urge companies to just give them a call and have one conversation.  You never know, this one conversation could end up saving you thousands of dollars and help you take your company to the next level.

The Leduc-Nisku EDA is pleased to partner with the City of Leduc to bring the second session to regional companies on October 21, where regional banking experts will be on hand to share information and advice on how their local bank programs are in place to help, support and grow business.  

Register today – Show me the Money!