5.4 – Introduction deck: Permanent programs

Through PrairiesCan’s programs, businesses receive zero-interest repayable funding and not-for-profits receive non-repayable funding.

Regional Economic Growth through Innovation (REGI)

• Business Scale-up and Productivity: support for high-growth businesses to scale-up
• Regional Innovation Ecosystem: funding for not-for-profit organizations to support entrepreneurship

Community Economic Development and Diversification (CEDD)

• Support for economic growth and diversification of communities

Economic Development Initiative (EDI)

• Support economic development projects in Official Language Minority Communities

Prairie Business Services Network (PBSN)

• Support for external organizations that help entrepreneurs start or expand small businesses, including rural areas and underrepresented groups

PrairiesCan investment examples

Business Scale-up and Productivity

• $4.9M to C.L. Malach Company (1997) Ltd. in Winnipeg to acquire state-of-the-art metal fabrication equipment to improve the speed, capacity and capability of the company’s production line servicing significant new demand from agriculture-based original equipment manufacturers and other specialty sheet-metal product manufacturers.

Regional Innovation Ecosystem

• $1M to Petroleum Technology Research Centre in Saskatchewan to support development of an Energy Innovation Hub. It will enhance the province’s physical research, testing, and laboratory capabilities to reduce emissions intensity and impacts of hydrocarbon production on land and water, while advancing other sustainable energy technologies such as geothermal power and subterranean pumped air storage.

Community Economic Development and Diversification

• $1.35M to Momentum Community Economic Development Society to expand entrepreneur resources for underrepresented groups and social ventures in Calgary.