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.
Top 5 Myths About Grants in Canada
There are many myths about government grants that stop too many companies from applying for them. As a result, businesses across industries miss out on thousands or even tens of thousands of dollars worth of Canadian government business grants.
Would you believe that less than 10% of small and medium businesses took advantage of up to 26 billion dollars of government grants and tax credits. That’s crazy!
We have helped over 700 companies secure 15 million dollars in interest-free funding. But we want to see more companies get money to expand their business, hire more people and provide training to their team.
We have come across every myth there is out there about Canadian government business grants and these are the top five. Don’t let these myths stop you from getting free money for your business.
9 Ways We Could See Canadian Federal Government Grants for SMEs in 2019
Have you been following all of the media coverage and passionate Twitter discussions on Canada’s 2019 federal budget?
If not, that’s ok. That’s our job.
To recap, on March 19, 2019, Federal Minister of Finance Bill Morneau presented the Liberal government’s fourth federal budget titled “Investing in the Middle Class.” 2019 federal grants are heavily focused on investments in skill development and innovation. In total, the budget includes $22.8 billion in new spending over five years.
In case you haven’t read the 464-page budget, our team of grant gurus have taken the time to highlight the opportunities that small and medium-sized enterprises (SMEs) can take advantage of.
Don’t get overwhelmed with the sea of possibilities. Get excited! We’ll help you navigate the waters and connect with us anytime you have questions.
A Unique Training Experience at Granted
By: Stephanie Sang, CEO of Granted
Many of you have leveraged the BC Jobs Grant to up-skill your staff over the past year, and of course, at Granted, we also took advantage of this program to train our own team in 2017. We were looking for training to increase our team’s focus, awareness, and productivity in the workplace. Through our training provider network , we were introduced to Scott Orth from Mindful Wisdom who provided our team with mindfulness training. We were grateful in that we were approved by the BC Jobs Grant to cover two-thirds of the cost. I will say that as a result of this training, our team dynamic has grown positively in both a unique and special way.