Incentives To Do Business

Businesses interested in locating to Argentia can look at a combinatioin of incentive programs offered by the Argentia Management Authority, and the Federal, Provincial, and Municipal Governments.



ARGENTIA MANAGEMENT AUTHORITY

  • a $5 million community development fund

  • funding types and amounts are flexible depending upon the business plan presented



ATLANTIC CANADA OPPORTUNITIES AGENCY

  • interest-free, unsecured loans

  • flexible repayment schedule

  • assistance for capital and non-capital costs



FEDERAL BUSINESS DEVELOPMENT BANK

  • loan financing - term and working capital

  • venture financing

  • interest - fixed and floating

  • management services



HUMAN RESOURCES DEVELOPMENT

  • various training programs

  • various wage subsidies



INDUSTRY CANADA

  • program for export development - support to
    businesses marketing their products and services abroad



PROVINCIAL DEPARTMENT OF INDUSTRY,
TRADE AND TECHNOLOGY

Economic Diversification and
Growth Enterprises Program (EDGE)

  • a total of ten-year tax holiday with a five year phase in

  • start up grant for each permanent job created



ENTERPRISE NEWFOUNDLAND AND LABRADOR

  • equity and loan financing up to $1 million

  • counselling services


AVALON WEST COMMUNITY DEVELOPMENT

  • business loans

  • advisory services

  • self-employment incentives


MUNICIPAL INCENTIVES

  • a ten - year property and business tax exemption for new corporations


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