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Prairies Economic Development Canada
Money to support businesses impacted by tariffs
Helps small and medium-sized businesses in the Prairie provinces manage financial pressures from tariffs. Provides funding for immediate cash needs and projects to improve competitiveness.
The Regional Tariff Response Initiative provides financial and project support to businesses and not-for-profit organizations in the Prairies affected by tariffs and trade disruptions. It offers non-repayable liquidity assistance (up to $2 million) for short-term financial pressures, non-repayable funding for 'pivot projects' (up to $1 million) to improve productivity and competitiveness, and repayable funding (over $1 million) for larger transformative projects. Businesses can receive up to $3 million in combined non-repayable funding and up to $20 million in total RTRI funding (including repayable support). Not-for-profits receive non-repayable contributions (up to 90% of costs, 75% for commercial projects) for projects that help affected businesses, excluding liquidity assistance for their own operations. Indigenous applicants may receive up to 80% for commercial projects and 100% for non-commercial projects.
Business Size: medium, large
Industries: tariff-impacted sectors
Region: Prairie provinces, Prairies
Demographics: Indigenous-owned businesses, Indigenous-led organizations
Revenue Range: From $1M
Other Criteria: incorporated for-profit business, located and operating in the Prairies, must have been viable prior to tariffs, must demonstrate impact by ongoing trade disruptions (U.S. tariffs, Canadian countermeasures, countervailing duties), demonstration of impact can include: operating in a sector impacted by Section 338 or Section 232 tariffs (direct or indirect exposure), operating in another tariff-impacted sector, at least 25% or more revenue from goods ultimately exported to the U.S., experienced significant cost increases due to tariffs, supply chain disruption, or loss of revenue/customers, not-for-profit organizations that support businesses, innovators, or entrepreneurs in the Prairie provinces negatively impacted by U.S., China, and/or Canadian counter-tariffs, not-for-profit organizations must be capable of entering into legally binding agreements and have an operating presence in the Prairies, eligible not-for-profit organizations include: post-secondary educational institutions, business accelerators and incubators, angel networks, social enterprises, industry associations or consortiums, municipalities and other levels of government, current RTRI business recipients may be eligible for liquidity assistance
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This program is available to medium, large businesses in tariff-impacted sectors industries located in Prairie provinces, Prairies.
This program offers funding up to $20,000,000 (minimum $500,000).
Check the official program website for current deadlines.
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