EDC-NEDC Insurance Programs

EDC’s credit insurance protects Canadian exporters against the risk of non-payment caused by an array of events including customer bankruptcy or non-payment, contract cancellation, issues with currency conversion or transfer, and more. With credit insurance protection, your bank will typically lend against your insured invoices for 90% of their value, significantly increasing your access to cash.

Efficiency Nova Scotia

We help all types of businesses, from small mom-and-pop shops to large industrial manufacturers and everything in between. Here’s how we can help small businesses: We provide rebates that cover up to 60% of the total project cost for energy efficiency upgrades, a free energy assessment for businesses who qualify and 24-months interest free financing on your Nova Scotia Power bill. Until December 31, 2021, incentives have increased to cover up to 80% of the total project cost on select lighting and all commercial heating measures. Starting June 29, incentives for energy efficiency upgrades will be available for non-electrically heated small businesses and not-for-profits. Incentives will be available for select products in the following categories: Heating Kitchen Equipment Water Heating Laundry Equipment Agriculture Technologies Solar Our Business Energy Rebates Program offers instant and mail-in rebates for qualifying energy efficient products, too. For more information on programs for small businesses, contact Spencer Leblanc our Business Development Manager dedicated to helping small businesses save. Contact information can be found below. If you’re constructing a new building, planning an expansion, or undertaking major renovations, larger businesses can benefit from rebates on high quality, efficient equipment and programs that identify energy savings to reduce their maintenance costs and equipment run times. For more information on our programs please visit our website.

Employment and Social Development Canada – Canada Summer Jobs Fund

Do you plan to hire students to help out at your small business next summer? This wage subsidy could help you pay up to 50% of the salary to an eligible full-time student. To qualify:   Students must be between 15 and 30 years old You should have no more than 50 full-time employees You need to meet the priorities set by your region   The value of the subsidy is based on the minimum wage in your region. Not-for-profit organizations are eligible for 100% of the student’s salary.

Employment and Social Development Canada – Career Focus

You could get financial assistance if you can offer career-related work experience to young people between the ages of 15 and 30. To qualify, your business or non-profit organization needs to:   Hire 8 or more recruits (exceptions for rural or remote regions) Offer between 6 and 12 months of work that improves the skills of recruits Provide coaching or mentoring Base the project in Canada   Priority is given to work experience in growth sectors.

Employment and Social Development Canada – Compensation for Employers of Reservists Program

Get a one-time grant for operational losses when a reservist employee takes time away from work to serve on military operations. Eligibility criteria includes:   Be a Canadian employer of a reservist Reservist must be deployed for a minimum of 30 days to a maximum of 18 months Provide documentation that reservist worked for you prior to their leave of absence Application must be received no later than 12 months following reservist’s return

Employment and Social Development Canada – Skills Link

You could get up to $25,000 per participant to hire and train youth between the ages of 15 and 30 who face barriers to employment. Participants must also be:   Canadian citizens, permanent residents, or persons who have been granted refugee status in Canada Legally entitled to work Not in receipt of employment insurance benefits   Employers must:   Recruit participants Propose a project that involves a minimum of 8 youth participants Provide work experience-type activity Enable participants to gain experience and skills to help them find work later on   Contact the Service Canada Centre in your region http://www.servicecanada.gc.ca/tbsc-fsco/sc-lst.jsp?prov=NS&lang=eng

Employment and Social Development Canada – Student Work-Integrated Learning Program

If your business is having difficulty finding qualified workers in the field of science, technology, engineering, or math (STEM) and business, you can apply for a wage subsidy to hire a post-secondary student. Subsidies cover:   Up to 50% of the wage cost (up to $5,000) per student Up to 70% of the wage cost (up to $7,000) per placement of a student from an under-represented group (first-year students, women in STEM, Indigenous students, persons with disabilities and newcomers)   You can apply to one of many participating employer groups.

Employment Nova Scotia – Job Creation Partnerships

You may be eligible for funding to hire an unemployed person for up to 52 consecutive weeks. You will need to:

Create a new full-time position with start and finish dates
Provide a meaningful work experience
Supervise and mentor the participant
Ensure that the work project benefits your community or local economy
Register for the Labour Market Support System

Part-time work may be created for participants with disabilities.

Employment Nova Scotia- START

Receive a financial incentive to hire an unemployed, ready-to-work Nova Scotian. Different types of funding are available for employers, depending on the type of employment offered, the employer’s needs and the employee’s skill level. Wage incentive Wage incentives help offset some of the salary and benefit costs related to hiring a new employee. Preference is given to employers who can offer full-time, sustainable employment. Short-term jobs may be eligible if they help the employee develop transferrable skills that can improve their chances of finding other employment in the future, or if they’re related to a priority sector or industry where a short-term contract is being implemented. Employment Nova Scotia determines wage incentive amounts on a case-by-case basis, considering : type of employment offered wages offered employee’s skill level how long the employee has been looking for work whether the position supports a priority sector in Nova Scotia (like ocean technology, information and communication technology, financial services, clean technology, life sciences or aerospace and defence) Other factors may also be considered.

Enactus Canada

Guided by academic advisors and business experts, student leaders create and implement community empowerment projects and business ventures with a strong focus on social entrepreneurship. This helps students unleash their entrepreneurial spirit and develop the talent and perspective essential to leadership. Student Entrepreneur National Competition recognizes and rewards the commitment, determination and achievements of full-time university and college student business owners.