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Government of Newfoundland and Labrador, Department of Industry, Energy and Technology
Newfoundland and Labrador investment attraction fund
Helps businesses in the province get a loan to cover costs for growth, like infrastructure and staff. Supports economic development efforts.
Loans and advances towards strategic investments in infrastructure support costs, human resource costs, or other approved costs, for projects resulting from inward investment.
Industries: renewable energy, oil & gas, critical minerals & mining, technology, ocean technology
Region: Newfoundland and Labrador
Other Criteria: duly registered company or commit to registering under Newfoundland and Labrador Corporations Act and/or Canada Business Corporations Act, legally entitled to conduct business in the Province, have or commit to have operations situated in the Province, be in good standing with the Province, project would not proceed without the requested funding support, project is a result of inward investment (from investors external to the province), project has the potential for long-term sustainability, project will create employment, project can bring economic benefit to the Province, inward investor must provide a direct contribution of funds
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This program offers funding up to $100,000,000.
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