As of September 16, 2020, the CanExport Community Investments program is accepting applications from Canadian communities seeking financial support for their foreign direct investment (FDI) initiatives for the year 2021.
Applications must be submitted before 13:00pm Eastern Daylight Time (EDT), on Wednesday, October 14, 2020.
As one of the many tools deployed by the Government of Canada to increase prosperity, the CanExport Community Investments program provides financial support to communities for their foreign direct investment (FDI) initiatives and activities.
The program provides support to Canadian communities seeking to improve their capacity to attract, retain and expand FDI in order to create jobs for Canadians, support innovation and increase exports.
For the purposes of the program, FDI refers to international businesses establishing or expanding operations in Canada. The program does not fund initiatives related to mergers and acquisitions, investments from other parts of Canada, trade or export. The program supports non-profit partnerships at the local community level. The initiatives supported by the program must focus on supporting the attraction, retention, and expansion of foreign direct investment through specific types of activities. Non-repayable contributions range from $3,000 to $500,000, and agreements are made for a one-year period, from January 1 to December 31. The program provides reimbursement of up to 50 percent of eligible expenses. If an applicant accesses other federal government support, the total federal support cannot exceed 50 percent.