Funding is available for business owners and investors interested in developing or expanding in Edmonton. Below is a list of municipal, provincial, national, and other programs and incentives.
Development Incentives and Programs
- Municipal Incentives & Programs
- Provincial Incentives & Programs
- Federal Incentives & Programs
- Other Incentives & Programs
Municipal Incentives & Programs
The program’s funding tools assist owners of Brownfield sites with the additional financing needed to address environmental testing, remediation or exposure control costs in preparation for redevelopment.
The Development Incentive Program exists to encourage property owners in Business Improvement Areas to invest in higher density residential and/or commercial development through financial incentives, in order to assist in the revitalization of main street commercial areas.
The Industrial Infrastructure Cost Sharing Program is designed to assist in financing large municipal infrastructure in industrial areas; the servicing and development of industrial land. This includes entitlement of front end developers to recover portions of their over expenditures such as incremental tax revenue directly resulting from the construction of Cost Sharable Infrastructure and Development Levies collected within the benefiting area.
Provincial Incentives & Programs
Submit your offers of products or services to the Alberta Bits and Pieces Program if you're interested in supporting the COVID-19 response. If there is a requirement for your product or service, you will be contacted by a representative of the Government of Alberta. Manufacturers can innovate products or services, developed or retooled, including personal protective equipment. The program is named after the "bits and pieces program" established by Canada's Minister of Munitions and Supply during the Second World War, C.D. Howe. The program coordinated innovative production and procurement efforts from across the Canadian economy to support the war effort.
The Aboriginal Business Investment Fund (ABIF) program is a Government of Alberta (GoA) approach to improving social and economic outcomes for Indigenous communities by building partnerships and investing in economic opportunities. The ABIF provides funding to capitalize community-owned business development opportunities. The program offers direct investment into eligible Indigenous community-owned businesses. ABIF is intended for capital projects that are close to starting operations or breaking ground for building projects within the funding year.
Funding to help export-ready Alberta companies access new international markets. The Export Support Fund is easing the cost of exporting for Alberta’s small and medium sized enterprises (SMEs) by reimbursing up to 50% for a select range of approved export activities – such as registration at select trade shows, return economy airfare, accommodation in a standard room and translation of marketing materials.
This program is intended to encourage collaboration among industry and Alberta universities and research organizations for projects of an applied nature and directed at a specific challenge identified by the private sector partner.
The Alberta Investor Tax Credit (AITC) supports local small businesses to create jobs and diversify the provincial economy. The AITC is a 3-year program that offers a 30% tax credit to investors who provide capital to Alberta small businesses doing research, development or commercialization of new technology, new products or new processes. It is also applicable to businesses engaged in interactive digital media development, video post-production, digital animation or tourism.
The Capital Investment Tax Credit (CITC) encourages companies to make timely capital investments by returning a percentage of the company’s costs, including the purchase of machinery, equipment and buildings. The 2-year program provides a 10% non-refundable tax credit of up to $5 million. The CITC will support approximately $700 million worth of investment and up to 4,600 direct and indirect jobs in Alberta.
Financial support is available for Alberta’s communities, regions and municipalities for initiatives that help promote long-term economic growth.
ERA is investing in a diverse portfolio of transformative, sustainable technologies that reduce GHG emissions and position Alberta for success in a lower-carbon economy.
The $50 million ERA Oil Sands Innovation Challenge is seeking out technologies that reduce GHG emissions and increase the global competitiveness of Alberta’s oil sands industry.
This Alberta initiative supports bold ideas from around the world that will make significant and verifiable greenhouse gas (GHG) reductions. ERA is committing CAD$35 million in funding for the most innovative technologies that will convert CO2 emissions into new carbon-based products and markets.
The Export Support Fund is easing the cost of exporting for Alberta’s small and medium sized enterprises (SMEs) by reimbursing up to 50% for a select range of approved export activities – such as registration at select trade shows, return economy airfare, accommodation in a standard room and translation of marketing materials.
Alberta has set a firm target to ensure 30% of electricity used in the province will come from renewable sources such as wind, hydro and solar by 2030. The program will support new or expanded Alberta-based renewable projects that are 5 megawatts or greater in size.
It's estimated that at least $10.5 billion in new investment will come into the provincial economy by 2030, creating 7,200 new jobs for Albertans as projects are built.
Federal Incentives & Programs
Call to action: Canadian manufacturers needed to help combat COVID-19
The Plan to Mobilize Industry to fight COVID-19 directly supports businesses to rapidly scale up production or re-tool their manufacturing lines to develop products made in Canada that will help fight against COIVD-19
|.My business wants to help|
The Aboriginal Business & Entrepreneurship Development (ABED), with its program delivery partners the Aboriginal Financial Institutions (AFIs), provides funding to Aboriginal entrepreneurs, communities and organizations to increase the number of viable businesses in Canada owned and controlled by Aboriginal People.
Most start-ups and existing for-profit small businesses in Canada with gross revenues of $10 million or less are eligible to apply for loans under this program. Loans can finance the cost of the purchase or improvement of land or buildings used for commercial purposes, the purchase or improvement of new or used equipment, the purchase of new or existing leasehold improvements (i.e. renovations to a leased property by a tenant), and the registration fee.
Provides financial loan guarantees to farmers and agricultural cooperatives in order to establish, improve, and develop farms.
The Clean Water and Wastewater Fund provides funding to projects that will contribute to the rehabilitation of both water treatment and distribution infrastructure and existing wastewater and storm water treatment systems; collection and conveyance infrastructure; and initiatives that improve asset management, system optimization, and planning for future upgrades to water and wastewater systems. The Clean Water and Wastewater Fund started in 2016-2017 and is schedule to end in 2018-2019.
Global Opportunities for Associations (GOA), formerly the Program for Export Market Development - Associations (PEMD-A), provides contribution funding to support national associations undertaking new or expanded international business development activities, in strategic markets and sectors, for the benefit of an entire industry (member and non-member firms).
NRC Industrial Research Assistance Program (IRAP) provides financial support to qualified small and medium-sized enterprises in Canada to help them undertake technology innovation.
Natural Resources Canada (NRCan) is proposing to allocate $79M in funding to support investments in green infrastructure, including initiatives that will support the implementation of the Pan-Canadian Framework on Clean Growth and Climate Change.
The Public Transit Infrastructure Fund provides short-term funding to help accelerate municipal investments to support the rehabilitation of transit systems, new capital projects, and planning and studies for future transit expansion to foster long-term transit plans. Eligible recipients include: provinces and territories; municipal or regional governments, established by provincial or territorial statute; or a transit agency or authority, established by a provincial, territorial, or local government. These investments will help to improve commutes, cut air pollution, strengthen communities and grow Canada's economy. The Public Transit Infrastructure Fund started in 2016-2017 and is scheduled to end in 2018-2019.
Encourages Canadian businesses of all sizes and in all sectors to conduct research and development in Canada that will lead to new, improved, or technologically advanced products or processes. In general, work that qualifies includes experimental development, basic research, applied research and support work.
The SD Tech Fund supports projects that are pre-commercial and have the potential to demonstrate significant and quantifiable environmental and economic benefits in one or more of the following areas: climate change, clean air, clean water and clean soil. Since 2001, the Government of Canada has allocated a total of $965 million for the fund.
Other Incentives & Programs
Mitacs Accelerate connects companies with graduate students and postdoctoral fellows on research projects of mutual interest. The program is open to businesses and not-for-profit organizations in all sectors. Projects start at four months increments with no upper limit. Companies get cost-effective access to university researchers and resources as Mitacs matches company contributions dollar for dollar - with larger projects getting even better leveraging.