Over $100,000 in Savings and Impact of Government Grants
One of the most obvious benefits of government grants are that companies can get funding that they don’t have to pay back. But besides the tens of thousands of dollars that our clients have saved, grants are having an amazing long term impact on businesses across industries every day!
Canadian government business grants help companies offset risks, build revenue opportunities, create jobs and get more funding without giving up equity. Unfortunately, most people don’t often hear about the wonderful stories grant recipients experience, so we’ll share some ways government grants have helped our clients beyond cost savings.
How These Companies Received Over $27,000 in Business Expansion Grants
We have secured over $2 million in government grants for business expansion for our clients. Whether you’re looking to grow your business in Canada, U.S. or globally, there’s money waiting for you!
We know how much capital it takes to expand operations and many companies often look for loans through their contacts, banks or private lenders. But with all of these options, you have to pay back the money and the interest.
With a business expansion grant, you don’t have to pay back any money at all. This source of funding is not used nearly enough. The grants we have secured for clients range from $20,000 to $200,000, particularly in life science, agriculture, manufacturing and communication technology sectors.
What would you do if your expansion projects had another $30,000 in the budget? What about $50,000? It’s all possible.
Many companies aren’t sure what kind of expenses are covered with business expansion grants. The details are different for each grant, but the money can be used to cover a variety of costs including flights, shipping expenses, trade show booth and accommodation.
We notify clients as soon as they qualify for a market expansion grant and we set up a meeting to apply on their behalf. To give you a sense of how these have worked for our clients, here are two of many companies for which we successfully secured funding.
Why Did Loblaws Get $12 Million in Government Grant Funding?
In April, the Canadian government announced that they awarded Loblaws $12 million from the Low Carbon Economy Fund to install lower-emission refrigeration systems in 370 stores. Loblaws, Canada’s largest food retailer, said their new refrigeration systems will reduce their overall carbon footprint by 23%.
Unsurprisingly, this announcement sparked outrage among the public who were questioning why their tax dollars were going to a hugely profitable company. Much of the media coverage focused on the public’s anger and there hasn’t been much deeper discussion on why smaller organizations didn’t receive as big a grant when they were all eligible to apply for the two billion dollar Low Carbon Economy Fund.
We wanted to add our perspective on why a big company like Loblaws received the grant, the goals of the funding program and how smaller businesses can still get their share of government grants. We’re not saying whether awarding this grant to Loblaws was right or wrong. But it’s important for small and medium-sized businesses to understand what is involved in receiving a multimillion dollar grant.
How These Canadian Companies Saved Over $10,000 Through Hiring Grants
Wouldn’t you love to get $10,000 or more to hire a motivated young professional for your business?
Great news! You don’t have to be a fancy tech company to get hiring grants from the government. In fact, almost every industry can qualify for employment grants to bring someone on their team if they meet the grant criteria, including restaurants.
Why is the Government Giving Hiring Grants for Canadian Businesses?
Because job creation is really important for both the federal and provincial government, there are a variety of employment grants to help small and medium-sized businesses. They are especially focused on giving young people under 30 years old meaningful work experience.
With interest-free funding, companies can recruit new staff to complete more projects, get fresh ideas and achieve more business objectives. Employment grants can subsidize someone’s salary or training expenses. For many of our clients, interns or new hires have been retained for permanent or long term positions.
Do hiring grants sound too good to be true?
We’ve helped businesses in a range of industries secure over $2,800,000 in funding. Here are a few of the many success stories from three completely different types of companies.
Top 5 Strategies to Win Canadian Government Business Grants
Since 2001, we have worked on more than 6,000 government grant applications and secured over $15 million in funding for small and medium sized businesses in Canada. At a 92% success rate, we’ve learned a lot about the most effective ways to secure funding for small and medium sized businesses.
We want to share and dive into the top 5 grant application strategies your business can implement immediately to maximize your chances of getting interest-free money.