Economic Development Fund
The Economic Development Fund supports projects and initiatives that provide long-term, sustainable economic benefits to Yukoners and Yukon communities. This fund replaces the Regional Economic Development Fund, Strategic Industries Development Fund and Enterprise Trade Fund.
Grant Deadline
Deadline not available
Funding Amount
75% of expense Funding is available for up to: 75% of the eligible project costs; and 50% of capital expenses. Funding maximums are: tier 1 up to $30,000; tier 2 between $30,001 and $100,000; and tier 3 between $100,001 and $500,000.
Type of Grant
Market Expansion
Sectors
All Sectors
Demographics
Indigenous
Incorporation
For Profit, Non Profit, Government Institution
Perks
Region Restriction
This grant is restricted to whole of Canada
Keywords
market, development, Trades, Enterprise, Encourages
Age Restriction
This grant is age restricted from 18 to 100
Eligibility and Requirements
Eligible projects include those that:
- support business innovation, sustainability and planning;
- encourage economic diversification through market support; and
- increase business competitiveness through capacity and capital development.
Who can apply
- A Yukon business that meets 3 of the following conditions:
- has an office with a physical address in Yukon;
- is subject to the Yukon Income Tax Act;
- is registered under the Business Corporations Act and the Partnership and Business Name Act, where applicable; or
- has a valid municipal business license, where applicable.
- Yukon First Nation governments;
- Yukon First Nation development entities (corporation, partnership, joint venture or trust);
- Yukon municipal governments;
- Community societies or industry associations that:
- are registered under the Yukon Societies Act and are in good standing;
- are based in 1 or more Yukon communities;
- are open to public membership;
- can demonstrate clear interest in seeking to improve Yukon’s economic development; and
- Not-for-profit corporations incorporated under the Canada Not-for-profit Corporations Act.
Examples of eligible activities
- Business plans
- Market research
- Marketing plans
- Organization and promotion of marketing and investment events
- Organizational capacity development
- Participation in trade and investment events
- Post-project analysis and support
- Professional development workshops on business topics
- Promotional materials for new markets and market expansion
- Training plans
- Capital assets
- Capital costs
- Implementation support
- Leasehold improvements
- Travel costs are limited to the lowest economy airfare, accommodation for a standard room and per diems are not to exceed the posted Yukon government rate.
Ineligible expenses
- Capital expenditures for equipment that is readily movable and suitable for personal use such as computers, power tools, musical instruments, etc. unless it is deemed integral to the success of the project;
- Costs incurred before any project approval decisions, including volunteer time such as board time.
- Costs incurred for cancelled projects;
- Expenditures made prior to the project being approved for funding;
- Financing charges, legal fees, and loan interest payments, including those related to easements (e.g. surveys);
- Land acquisition;
- Leasing equipment other than equipment directly related to the project;
- Leasing payment on land, buildings and other facilities;
- Operation and maintenance costs, except as provided for under Eligible Expenditures;
- Projects that fall under the normal responsibility of a Government of Yukon department, municipal authority, or First Nation or federal government;
- Initiatives eligible under the Performing Musicians Fund;
- Provincial/Territorial sales tax, goods and services tax or harmonized sales tax; or
- Real estate fees and related costs.
Grant Application website
Contact
Contact:
If you have questions about applying for funding, email edf@yukon.ca or phone 867-456-3803; phone toll free in Yukon 1-800-661-0408, extension 3803.