Since the launch of the Atlantic Growth Strategy, the governments of Canada and the Atlantic provinces have worked collaboratively to build a vibrant economic future for Atlantic Canada by focusing on five strategic priorities:
-skilled workforce and immigration,
-clean growth and climate change,
-trade and investment,
- and infrastructure.
Funding under this program stream helps create, grow and develop strong and inclusive regional networks that support business growth and innovation. This will foster the entrepreneurial environment necessary for more innovative regional economies and increase the competitiveness of small and medium-sized enterprises (SME).
Funding offered under this program stream helps businesses at various stages of development, including high-growth firms, to accelerate growth and adopt innovative technologies that support scale-up, commercialization, productivity and market expansion to become more competitive globally.
The Innovative Communities Fund (ICF) invests in strategic projects that build the economies of Atlantic Canada's communities.Working in partnership with Atlantic communities and stakeholders, ICF builds on the strengths of communities and provides the tools needed to identify opportunities available for their sustainable economic growth.
ICF focuses on investments that lead to long-term employment and economic capacity building in rural communities. Urban initiatives that stimulate the competitiveness and vitality of rural communities may be considered on a selective basis.
"The Business Development Program (BDP) is designed to help you set up, expand or modernize your business. Focusing on small and medium-sized enterprises, the BDP provides access to capital in the form of interest-free, unsecured, repayable contributions. Not-for-profit organizations that provide support to the business community may also qualify for non-repayable assistance."