Financial Assistance Business Guide

What is a Business Guide?

The Canada/Manitoba Business Service Centre created Business Guides to help you navigate through the wide range of programs and services in a specific area as well as related regulations that may affect your business venture. Business Guides featuring other topics of interest are also available by contacting the Canada/Manitoba Business Service Centre at 204-984-2272 (in Winnipeg) or 1-800-665-2019 (toll free in Canada) or by e-mail at manitoba@canadabusiness.mb.ca.

Note: In addition to providing an immediate clickable link when viewing these documents online, we have suggested search words/terms to assist you in future for additional program and/or service information searches on our or other sites.

TABLE OF CONTENTS

• Aboriginal Business Financing Programs
• Agricultural/Rural Business Financing Programs 
• Entrepreneurs with Disabilities
• General Business Financing Programs 
• Venture Capital 
• Wage Subsidies
• Youth Financing Programs

Aboriginal Business Financing Programs

Note: For a complete listing of programs and services for aboriginal business people, please refer to the Aboriginal Business Guide.
Internet: http://canadabusiness.mb.ca/home_page/guides/aboriginal_business_infoguide/
Search words: Canada/Manitoba Aboriginal Business Info Guide

Agricultural/Rural Business Financing Programs

Note: The following programs are specifically for Manitobans whose businesses are located outside of Winnipeg. For a complete listing of Agricultural programs and services for entrepreneurs in Rural Manitoba, please refer to the Agricultural/Rural Business Guide.
Internet: http://canadabusiness.mb.ca/home_page/guides/agriculturalrural_infoguide/
Search words: Canada/Manitoba, Agricultural Rural Info

Business Loans Program
Communities Economic Development Fund
Telephone: 204-778-4138 or Toll free 1-800-561-4315
Fax: 204-778-4313
Internet: http://www.cedf.mb.ca/business.htm
Search words: Business Loans Program, CEDF, manitoba

The Loan Program provides loans to viable businesses unable to secure financing on acceptable terms from conventional sources. CEDF is primarily an asset based lender, and is considered a 'lender of last resort'.

Community and Business Development - Feasibility Studies Program
Manitoba Agricultural, Food and Rural Initiatives - MAFRI
Phone: 1-800-567-7334
Internet: http://www.gov.mb.ca/agriculture/ri/community/ria01s01.html 
Search words: Community and Business Development - Feasibility Studies Program
MAFRI - GO Offices: http://www.gov.mb.ca/agriculture/contact/agoffices.html
Search words: REDI, GO Offices, Manitoba

Approval for funding must be received before commencing with the study.

This Feasibility Studies Program is flexible, but generally will provide up to 50% cost-shared funding to hire an independent consultant for a financial, marketing or preliminary engineering analysis, development of a business plan, and ISO or Hazard Analysis Critical Control Point (HACCP) certification.

Community Enterprise Development (CED) Tax Credit Program
Economic Development Initiatives Knowledge Centre
Phone: 204-945-2157 or Toll Free: 1-800-567-7334
Internet: http://web2.gov.mb.ca/agriculture/programs/index.php?name=aaa21s04
Search words: Community Enterprise Development (CED) Tax Credit Program

This program encourages Manitobans to invest in enterprises in their communities by providing a tax incentive, while providing community-based enterprises with access to equity capital. Investors receive a 30% personal income tax credit on a maximum annual investment of $30,000 (up to $9,000 in tax credits). Eligible enterprises receive a maximum of $1,000,000 in repayable capital. Projects requiring larger amounts of capital may be considered on a case-by-case basis.

Community Futures Program
Western Economic Diversification Canada -WD
(Call the C/MBSC Toll free at 1-800-665-2019 to find the Community Futures Office for the service location nearest you.)
Internet: http://www.canadabusiness.ca/eng/summary/1066/
Search words: Community Futures, Manitoba

The mandate of the Community Futures Development Corporations is community and business development. Each CFDC delivers a variety of services ranging from - local strategic economic planning; technical and advisory services to businesses; repayable loans to small and medium enterprises of up to $150,000; self-employment assistance programs; and services targeted to youth and entrepreneurs with disabilities.

MASC - Loan Guarantee Programs - Rural Entrepreneur Assistance (REA) Program
Manitoba Agricultural Services Corporation - MASC
Phone: 204-945-2180 or 1-800-567-7334
Internet: http://www.masc.mb.ca/masc.nsf/program_rural_entrepreneur_assistance.html
Search words: REA, Manitoba

Helps new and existing businesses obtain equity financing from financial institutions by guaranteeing individual capital loans between $10,000 and $200,000. Every applicant must attend a two day Business Planning Seminar, before loan funds will be released. Costs associated with processing the loan are the responsibility of the applicant. Interest rate is Prime plus one percent.

MASC - Loan Guarantee Programs - Rural Small Business Operating Credit Guarantee
Manitoba Agricultural Services Corporation
Lending Corporate Office
Telephone: 204-726-6850
Internet: http://www.masc.mb.ca/masc.nsf/program_ocg_rural_small_business.html
Search words: MASC - Rural Small Business Operating Credit Guarantee

Loans made under this program can be used for purchases of inventory; financing of receivables; general operating expenses and current year's principal and interest payments on business loans (as identified at application). The maximum loan amount that will be guaranteed is $200,000.

Manitoba Rural Adaptation Council - MRAC
Phone: 204-982-4792, 204-982-4795 or Toll free 1-800-216-9767
E-mail: mracinfo@mrac.ca
Internet: http://www.mrac.ca/index.cfm
Search words: MRAC

MRAC will fund up to $99, 000 of total eligible cash costs of a proposed project.  Eligible projects include projects which address business plan development feasibility & market studies; new product development; value added processing; adaptive research; information & technology transfer; food quality & safety initiatives; sustainable resource management.

Rural Economic Development Initiative (REDI) - Hometown Manitoba
Manitoba Agriculture, Food and Rural Initiatives - MAFRI
Phone: 1-800-567-7334
Internet: http://www.gov.mb.ca/agriculture/ri/community/ria01s04.html
Search words: (REDI) - Hometown Manitoba

This program provides financial support for rural and northern community projects initiated by local communities, organizations and businesses that enhance "main street" public places and building exteriors. There are two components: Hometown Meeting Places - funding up to a maximum of $5,000; and Hometown Main Streets Enhancements funding up to a maximum of $1,000.

Entrepreneurs with Disabilities

Note: For a complete listing of programs and services for entrepreneurs with disabilities, please refer to the Entrepreneurs with Disabilities Business Guide.
Internet: www.canadabusiness.mb.ca/home_page/guides/entrepreneurs_with_disabilities_infoguide/
Search words: Canada/Manitoba, Entrepreneurs with Disabilities Info

General Business Financing Programs

Assiniboine Credit Union Micro Loan Fund
Western Economic Diversification Canada - WD, Assiniboine Credit Union - ACU
Phone: 204-958-8588 or Toll free 1-877-958-8588
Internet: http://www.canadabusiness.ca/eng/summary/4694/ 
Search words: Assiniboine Credit Union

These loans were designed specifically for members of the Assiniboine Credit Union (for at least 6 months) living in Winnipeg who have good business ideas or wish to expand their existing business but are having difficulty obtaining financing from traditional lenders. To be eligible, interested applicants must clearly show a commitment to starting or expanding a small business. Loans of up to $35,000 will be made available for five year terms.

BDC Financing
Business Development Bank of Canada - BDC
Phone: 1-877-232-2269
E-mail: https://www.bdc.ca/EN/contact_us/Pages/form.aspx 
Internet: https://www.bdc.ca/EN/solutions/financing/Pages/default.aspx 
Search words: BDC Financing

Provides term loans to small and medium sized businesses for a variety of commercially viable projects, including business expansion and improvements; facility overhauls; purchase of existing businesses; refinancing of loans; acquisition of fixed assets; reconstitution of depleted working capital and financing for the expansion of sales. Repayment terms are flexible and structured in accordance with the client's ability to repay.

BDC Subordinate Financing
Business Development Bank of Canada - BDC
Phone: 1-877-232-2269
E-mail:  https://www.bdc.ca/EN/contact_us/Pages/form.aspx
Internet: http://www.bdc.ca/EN/solutions/subordinate_financing/Pages/default.aspx 
Search words: BDC Subordinate Financing

Subordinate financing provides the capital necessary for a business to fuel its growth or secure its continuity. Subordinate financing is basically a hybrid of debt and equity financing. Eligible activities: Management buy-outs/buy-ins; Mergers and Acquisitions and Working capital for growth. Loans can range from $250,000 to $10 million.

BDC Term Loans
Business Development Bank of Canada - BDC
Phone: 1-877-232-2269
E-mail: https://www.bdc.ca/EN/contact_us/Pages/form.aspx  
Internet: http://www.canadabusiness.ca/eng/summary/1049/  
Search words: Term Loans, BDC

BDC offers business term loans that can help you with important projects, such as: starting or buying a business, building construction, purchasing real estate, purchasing equipment, business planning, increasing your working capital, recruiting and hiring talented employees, increasing sales through domestic or foreign markets, increasing efficiency and implementing quality standards, implementing e-business solutions and selling your business and making a smooth transition. The loan comes with flexible terms. You may be required to provide limited personal and/or corporate guarantees or fixed assets as security
 

Business Start Program
Margaret Kelly
Business Consultant, Financial Programs
Manitoba Entrepreneurship, Training and Trade
c/o Canada/Manitoba Business Service Centre
250 - 240 Graham Avenue, Winnipeg, MB, R3C 0J7
Phone: 204-945-7721; 204-945-0037 or Toll free 1-800-665-2019
Fax: 204-983-3852
E-mail: margaret.kelly@canadabusiness.mb.ca
Internet: http://www.canadabusiness.mb.ca/home_page/guides/guides__by_department
/entrepreneurship_training_and_trade/business_start_program_bsp/
Search words: Business Start Program

Business Start loans, up to a maximum of $30,000, are available to new owner-managed business across Manitoba. Loans are provided through participating banks and credit unions and guaranteed by the Manitoba Government. A Business Start loan can provide funding for business registration or incorporation costs, equipment and inventory purchases, promotional costs and working capital needs. Loan terms include an attractive prime-plus-one per cent interest rate and a one-year deferral of principal repayment. The program also provides entrepreneurial training through a free three-day Business Planning Workshop, which is mandatory for all Business Start loan applicants. A comprehensive business plan must be submitted with the loan application.

Buy Equipment
Business Development Bank of Canada - BDC
Phone: 1-877-232-2269
E-mail: https://www.bdc.ca/EN/contact_us/Pages/form.aspx 
Internet: http://www.bdc.ca/EN/solutions/financing/Pages/fs_purchase_equipment.aspx 
Search words: Buy Equipment

Designed for manufacturing and processing companies that want to increase production but need financial support to acquire the necessary equipment.  Loans can range up to $5,000,000 offer flexible repayment terms.  BDC can offer up to 100% of the cost of new and used equipment, with an additional 25% to cover the costs associated with installation and assembly of the equipment and training for the employees who use it.

Canada Council for the Arts - Grants
Canada Council for the Arts
Ottawa, ON
Phone: Toll-free 1-800-263-5588 ext. 4075 or 4138
E-mail: http://www.canadacouncil.ca/contactus/emfrm.htm?contactID=317 
Internet: http://www.canadacouncil.ca/grants
Search words: Canada Council - Grants

The Canada Council for the Arts offers a broad range of grants and services to professional Canadian artists and arts organizations in dance, media arts, music, theatre, writing and publishing, inter-arts, and the visual arts.

Canada Small Business Financing (CSBF) Program
Industry Canada - IC
Phone: Toll free 1-866-959-1699
E-mail: http://www.ic.gc.ca/eic/site/csbfp-pfpec.nsf/frm-eng/LLAL-7W7KBC  
Internet: http://www.ic.gc.ca/eic/site/csbfp-pfpec.nsf/eng/h_la02855.html
Search words: Canada Small Business Financing Program

Assists new and existing businesses obtain term loans of up to $500,000 (up to $350,000 without real estate) from chartered banks or other lenders to purchase or upgrade fixed assets. To be eligible, a company's gross revenues must not exceed $5 million annually.  Successful applicants are required to pay a one-time administration fee equal to 2% of the loan.  Please note that application is made at the financial institution of your choice and final approval rests solely with the bank or other lender.

Canadian Youth Business Foundation
Mr. Shaun Hampton, Program Consultant
Manitoba Healthy Living, Youth & Seniors
Telephone: 204-945-4284 or Toll free: 1-800-282-8069 Ext. 4284
E-mail: shaun.hampton@gov.mb.ca
Internet: http://www.cybf.ca/
Search words: CYBF

The Canadian Youth Business Foundation (CYBF) is a national, non-profit organization, whose mission is to inspire, support and promote young Canadian Entrepreneurs who are between 18 and 34 years of age. CYBF garners financial support from both the private and public sectors and uses these funds to administer a loan and mentorship program.  Loan clients are required to work with a business mentor for the duration of their dealings with CYBF.  Unsecured loans of up to $15,000 are available to eligible applicants who have submitted a Business Plan that demonstrates viability.  Community volunteers are utilized to help in making the loan decision.

Cooperative Promotion Board
Ms. Jamila Bachiri, Business Development Specialist - Cooperative Enterprises
Cooperative Promotion Board
Manitoba Agriculture, Food and Rural Initiatives
Phone: 204-726-7003
Fax: 204-726-6260
E-mail: co-ops@gov.mb.ca
Internet: http://www.gov.mb.ca/housing/coop/coop_promoboard.html 
Search words: Cooperative Promotion Board

Provides small grants for start-up expenses leading to the formation of a cooperative, cooperative education, promotion, research and market development.

Feasibility Studies Program
Amy Thiessen, Financial Consultant
Manitoba Entrepreneurship, Training and Trade
Phone:  204-945-2432
Fax:  204-945-1193
E-mail: amy.thiessen@gov.mb.ca
Internet: http://www.gov.mb.ca/ctt/busdev/financial/small_bs.html
Search words: Feasibility Studies Program

Please note that the application for assistance must be approved prior to the consultant commencing work on the project.

This is a cost-shared program for companies considering an investment in Manitoba which could result in the development or expansion of manufacturing, processing or related facilities in Manitoba.  The program covers up to 50% of the cost (to a maximum of $25,000) to hire an independent, arms-length consultant to research and compile a feasibility study or business plan.

Financing for Innovation
Business Development Bank of Canada - BDC
Phone:  1-877-232-2269
E-mail: https://www.bdc.ca/EN/contact_us/Pages/form.aspx
Internet: http://www.bdc.ca/en/solutions/financing/Pages/fs_innovation.aspx
Search words: Innovation Financing

Provides loans of up to $250,000 to innovative businesses positioning themselves to take advantage of global markets by developing or implementing an innovation strategy or industry adaptation, researching and developing new products and services or e-business, buying or developing new technologies for product or process improvement, introducing quality management standards, planning and implementing a marketing plan or growth strategy, training and developing management and staff, or developing foreign markets.

Jubilee Fund
Project Development Manager
Phone: 204-975-2650
Fax: 204-977-0123
E-mail: jubileefund@shaw.ca
Internet: http://www.jubileefund.ca/financialsupport/
Search words: Jubilee Fund

The Jubilee Fund provides loan guarantees that enable small business owners, other community based enterprises and worker co-ops in Winnipeg and the surrounding area to access funding.

Manitoba Film and Video Production Tax Credit
Manitoba Entrepreneurship, Training & Trade and Manitoba Film & Sound Recording Development Corporation
Phone: 204-947-2040
Internet: http://www.gov.mb.ca/ctt/invest/busfacts/govt/fv_taxcredit.html
Search words: Manitoba film and video production tax credit

The Manitoba Film and Video Production Tax Credit is a refundable corporate income tax credit available to qualifying producers of eligible Manitoba productions and co-productions. The Film and Video Production Tax Credit provides production companies with a 45% - 65% tax credit based on eligible Manitoba labour expenses. Under certain circumstances, the salary of qualifying non-residents may be deemed eligible for the tax credit.

Manitoba Film Loan Guarantee Program
Manitoba Entrepreneurship, Training & Trade
Margaret Kelly, Business Consultant
Phone: 204-945-7721 or Toll Free 1-800-665-2019
E-mail: margaret.kelly@canadabusiness.mb.ca
Search words: Manitoba Film Loan Guarantee Program

The Manitoba Film Loan Guarantee Program is designed to encourage continued growth of the film industry, which will result in job creation and indirect economic benefits within the Province. Loan guarantee to a maximum of 20% is provided for the financing of film projects including feature films, television programs and series.

Manitoba Industrial Opportunities Program
Mr. Jeff Hodge, Financial Services
Manitoba Entrepreneurship, Training and Trade
Telephone: 204-945-1015 or Toll Free 1-800-282-8069 Ext 1015
Fax: 204-945-1193
E-mail: jeffrey.hodge@gov.mb.ca
Internet: http://www.gov.mb.ca/ctt/busdev/financial/capital.html
Search words: MIOP, expansion capital

The objective is to secure significant business investment which would not occur in Manitoba without provision of some level of government assistance. The Program provides secured loan or loan guarantee assistance (typically range from $300,000 to $5.0 Million) to recipient companies in return for fixed asset investment and long-term job creation.

Manufacturing Investment Tax Credit
Manitoba Finance
Phone: 204-945-3757
Fax: 204-945-5051
Internet: http://www.gov.mb.ca/ctt/invest/busfacts/govt/manuf_taxc.html
Search words: Manitoba Manufacturing Investment Tax Credit

The Manitoba Manufacturing Investment Tax Credit provides a 10% tax credit applicable against Manitoba corporate income tax payable. This credit is for new and used manufacturing buildings, machinery and equipment used directly in the manufacturing process. Qualified investments must be made after March 11, 1992 and before January 1, 2012.  The amount deductible against Manitoba income tax will be the lesser of the 10% investment tax credit or the Manitoba Corporate Income Tax otherwise payable. Unused investment credits can be carried forward up to ten years, or carried back up to three years.

NRC Industrial Research Assistance Program - IRAP
National Research Council Canada - NRC
Phone:  204-983-0092 or Toll free - 1-877-994-4727
Fax: 204-983-8835
Internet: http://irap-pari.nrc-cnrc.gc.ca/english/main_e.html
Search words: IRAP

This service provides technical and business advisory services, coupled with funding opportunities. This program is accessible to Canadian small & medium enterprises (500 employees or less) that are incorporated.

Scientific Research & Experimental Development Tax Credit
Canada Revenue Agency
Phone: 1-800-959-5525
Internet: http://www.cra-arc.gc.ca/sred/
Search words: research and development tax credit

The SR&ED program is a federal tax incentive program, administered by the Canada Revenue Agency (CRA), that encourages Canadian businesses of all sizes, and in all sectors to conduct research and development (R&D) in Canada. The SR&ED program gives claimants cash refunds and/or tax credits for their expenditures on eligible R&D work done in Canada.

SEED Winnipeg Inc. - Supporting Employment and Economic Development
Phone: 204-927-9935
Fax: 204-927-9930
E-mail: info@seedwinnipeg.ca
Internet: http://www.seedwinnipeg.ca/
Search words: SEED Winnipeg, supporting employment

This program assists low-income individuals or groups to establish small businesses by providing business planning, assistance, training, and after-care services. Business Loans of up to $10,000 are available through a partnership with Assiniboine Credit Union. SEED's Business Development Program also provides access to the Enhanced Self Employment Program for individuals who are on income assistance. SEED clients are also able to access other loan funds through its program.

Self Employment Program - SE
Human Resources and Social Development Canada - HRSDC/Employment Manitoba
Winnipeg 204-945-0575
Rural Manitoba - 1-866-332-5077
Internet: http://www.gov.mb.ca/fs/eiafacts/self-employment.html  
Search words: Self Employment Program

This program assists eligible individuals with a viable business idea to create their own employment by providing the training and support necessary to start a business. To be eligible, applicants must currently be receiving Employment Insurance (EI) benefits, be eligible for Employment Insurance Benefits or have received EI/maternity/parental benefits within the last few years. Participants are selected through a comprehensive review process. Successful applicants may receive business-planning support for up to 52 weeks and income support for up to 39 weeks. Participants may also be eligible for personal supports such as assistance for disabilities, transportation and dependent care.  If you have a disability, you may receive assistance for up to 78 weeks.

Sell a Business
Business Development Bank of Canada - BDC
Phone: 1-877-232-2269
E-mail: https://www.bdc.ca/EN/contact_us/Pages/form.aspx
Internet: http://www.bdc.ca/en/advice_centre/sell_your_business/Pages/default.aspx  
Search words: Sell a Business, BDC

This Program makes consulting and financing solutions available to Canadian entrepreneurs who, must plan the succession of their business. Under the program, financing is available for both tangible and intangible assets.

Technology Commercialization Program - (TCP)
Ms. Amy Thiessen, Financial Consultant
Manitoba Entrepreneurship, Training and Trade
Phone: 204-945-2432
Fax: 204-945-1193
E-mail: amy.thiessen@gov.mb.ca
Internet: http://www.gov.mb.ca/ctt/busdev/financial/small_bs.html
Search words: TCP, Manitoba

Pre-approval is required for all proposed projects.

This program offers cost-shared financial assistance (50%) up to $100,000 towards the development of new products and processes or towards the transfer of technology to Manitoba from businesses and institutions. To qualify, proposals must be innovative and contain a high degree of technical content in the product, project or process to be commercialized.  The program contains two elements: New Business Assistance (NBA) and Technology Transfer (TT). Assistance is non-repayable and reimbursed upon proof of payment of approved costs.  Funds can be applied towards certain costs in the pre-production stage such as prototyping, testing, patents, and engineering, or used to help offset the costs of acquiring new technology from research laboratories or other organizations located outside of Canada.

The Co-operative Loans and Loans Guarantee Board
Manitoba Agriculture, Food and Rural Initiatives
Phone: 204-945-4451
Fax: 204-945-6134
E-mail: David.Kerr@gov.mb.ca
Internet: http://web2.gov.mb.ca/agriculture/programs/index.php?name=aaa26s03
Search words: co-operative & guarantee board

Offers loan guarantees to co-operatives establishing or expanding their activities. To qualify, applicants must demonstrate that they are unable to obtain financing from other sources such as chartered banks, credit unions or other financial institutions on reasonable terms. Funds must be used to productive purposes, including the purchase of building or equipment, renovation, expansion or operational expenses.

Women's Enterprise Centre of Manitoba - WEC
And
Women’s Enterprise Initiative Loan Program
Western Economic Diversification Canada - WD
100 - 207 Donald Street, Winnipeg, MB R3C 1M5
Phone: 204-988-1860 or Toll free 1-800-203-2343
Fax: 204-988-1871
TTY: 204-988-1870
E-mail: wecinfo@wecm.ca
Internet: http://www.wecm.ca/
Search words: women, loan, Manitoba

Offers a range of services intended to help new and existing women entrepreneurs.  These include practical loan options to start or expand businesses which are 50% women-owned and controlled.  There is no minimum loan amount and the maximum loan amount is $100,000.  The Women's Enterprise Centre also offers comprehensive, confidential advice from experienced professionals by appointment and continuous business knowledge development through seminars and mentoring programs.

Young Entrepreneurs Program
Mr. Shaun Hampton, Program Consultant
Manitoba Healthy Living, Youth and Seniors & Manitoba Agriculture, Food and Rural Initiatives
Toll Free: 204-945-4284 or 1-800-282-8069 Ext 4284
E-mail: shaun.hampton@gov.mb.ca
Internet: http://www.gov.mb.ca/healthyliving/youth/businesses/youngentrepreneurs.html 
Search words: Young Entrepreneurs Program

This program encourages Manitoba's young people to start their own full-time, year-round business and pursue self-employment as a career choice. Applications are accepted on a year-round basis from youth aged 18 to 29 years. Under the Young Entrepreneurs program, approved applicants are eligible for a reimbursement grant of up to $4,000; on matched funding basis; to help defray business start-up costs and capital expenditures.

All youth interested in applying to the program must submit the completed application prior to their business becoming fully operational and a comprehensive business plan to be considered for approval.

Venture Capital

NOTE: Venture capital is a method of financing whereby a company obtains the funding they need while the venture capitalist receives a piece of the company (often a majority position) and takes an active role in management.  Venture capitalists usually invest in expanding firms and look for rapid growth in order to obtain large scale returns on their investment.

BDC Venture Capital
Business Development Bank of Canada - BDC
Phone: 1-877-232-2269
E-mail: https://www.bdc.ca/EN/contact_us/Pages/form.aspx 
Internet: http://www.bdc.ca/EN/solutions/venture_capital/about_us/Pages/venture_capital.aspx 
Search words: BDC Venture Capital

Stimulates the formation of and provides venture capital to Canadian businesses in leading-edge industries with a strategic market position and a dynamic management team.  Funds ranging from $500,000 to $3 million can be used to help finance a company's capital-intensive research and development cycle, broaden a company's export markets, or take the company public. The Business Development Bank will actively seek divestiture opportunities once a durable benefit to each party has been achieved.

GROWTHWORKS Venture Capital
Phone: 204-949-3700
Fax: 204-949-0591
E-mail: info@growthworks.ca
Internet: http://www.growthworks.ca/venture-capital/submission-guidelines.asp
Search words: GROWTHWORKS, Manitoba

This Venture Capital fund focuses on small and mid-sized Manitoba businesses in the growth stage of development. Target companies typically have established products, customers and distribution channels, as well as experienced proven management teams. Eligible investee companies must have less than $50 million in total assets at the time of investment. Companies must be Manitoba based, generally defined as having a majority of employees in Manitoba. Under this program the investments range from $100,000 to a maximum of $5 Million and longer term (3 - 6 year) investments are preferred.

Small Business Venture Capital Tax Credit Program (SBVCTC) (formerly the CEITC)
Mr. Doug Fyfe, Senior Project Manager
Manitoba Entrepreneurship, Training & Trade
Phone: 204-945-5839
Fax: 204-945-1193
E-mail: doug.fyfe@gov.mb.ca  
Internet:
Program Information: http://www.gov.mb.ca/ctt/busdev/financial/  
Regulations Information: http://web2.gov.mb.ca/laws/regs/pdf/i010-181.07.pdf  
Search words: CEITC, CTT

The Small Business Venture Capital Tax Credit program provides a 30 per cent provincial income tax credit incentive to new equity investors in eligible Manitoba Businesses. An eligible investment can earn a 30 per cent, non-refundable provincial tax credit up to an annual limit of $135,000. Investors can claim up to $45,000 in provincial tax credits each year and carry forward any unused portion or the credits for 10 years.

Wage Subsidies

Note: For a complete listing of Wage Subsidies programs, please refer to the Wage Subsidies Business Guide.
Internet: http://www.canadabusiness.mb.ca/home_page/guides/wage_subsidies_infoguide/
Search words: Wage Subsidies Business Guide

Youth Financing Programs

NOTE: For a complete listing of programs specifically for Young Entrepreneurs between the ages of 18 and 35 years of age, please refer to the Young Entrepreneurs Business Guide
Internet: http://www.canadabusiness.mb.ca/home_page/guides/young_entrepreneurs_infoguide/
Search words: Canada/Manitoba, Young Entrepreneurs

DISCLAIMER
Information contained in this document is of a general nature only and is not intended to constitute advice for any specific fact situation. Users concerned about the reliability of the information should consult directly with the source, or seek legal counsel.

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