Yukon Support Economic Growth and Diversification Fund: Tier 1 Grant

The Yukon Support Economic Growth and Diversification Fund: Tier 1 provides financial assistance to projects aimed at enhancing Yukon's economy. This fund offers up to 75% of eligible project costs, with a maximum of $30,000 for Tier 1 projects. It supports initiatives that foster business innovation, sustainability, and market diversification, ultimately contributing to long-term economic benefits for Yukoners and their communities.

Yukon Support Economic Growth and Diversification Fund - Tier 1
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.
Funding
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
Project criteria:
Immediate project outcomes may include elements such as:
an enhanced environment for joint ventures and other investment opportunities;
improved organizational and enterprise capacity;
the use and creation of innovative business methods, tools, approaches and opportunities;
successful joint ventures with beneficial community economic impacts;
an increase in private sector employment;
an economy that is more diversified between and within sectors;
an increase in the number of new or expanded business enterprises; and
an increase in the number of coordinated regional economic development planning projects.
Long-term project outcomes may include elements such as:

• positive impacts on employment and wealth creation;
• Yukon's workforce developing more skills;
• an increase in the number of business start-ups;

Yukon businesses growing and diversifying their target markets;
improve the results for Yukoners in overall health and wellbeing;

Eligibility

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 open to public membership; can demonstrate clear interest in seeking to improve Yukon’s economic development; andNot-for-profit corporations incorporated under the Canada Not-for-profit Corporations Act.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.Examples of eligible activities:Business plans Marketing plans Organization and promotion of marketing and investment events 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.

Ineligibility

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.