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The Business Development Bank of Canada (BDC; French: Banque de développement du Canada) is a Crown corporation and national development bank wholly owned by the Government of Canada, mandated to help create and develop Canadian businesses through financing, growth and transition capital, venture capital and advisory services, with a focus on small and medium-sized enterprises.
Grants – Grants or "non-repayable contributions" are the funding that does not need to be paid back.; Loans – Loans may be low- or no-interest contributions. Financing methods and repayment requirements vary from conventional loan arrangements to situations in which the business fronts the costs, submits the costs to the agency, receives reimbursement for all or a portion of the costs, and ...
Royal assent. March 25, 2020. Status: Current legislation. The Government of Canada introduced multiple temporary social security and financial aid programs in response to the economic impacts of the COVID-19 pandemic in Canada. The initial CA$ 82-billion aid package was announced on March 18, 2020 by Justin Trudeau.
The Western Canada Business Service Network (WCBSN) is a group of independent organizations that receive funding from WD in order to help people in Western Canada start, grow, and expand their businesses. [31] The agency also released a quarterly economic publication called West at a Glance (ISSN 2561-3863). [32] [33]
Debt financing uses a business loan to help you get funding, while zero-debt financing uses funding from other sources, like investors. You can start a business with as little money as $12,000 ...
Strategic Innovation Fund. The Strategic Innovation Fund (SIF) is the program of Innovation, Science and Economic Development Canada designed to support the "Canadian innovation ecosystem," [1] which includes providing "funding to innovative sectors" such as "advanced manufacturing, agri-food, clean technology, clean resources, digital ...
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