It is very important to know the facts about government grants as they are an important source of funding for your business. Receiving a government grant is an excellent way to help finance some area of your small business operations. Grant money does not generally have to be paid back and a grant may also be renewed, depending on the type of grant received. The federal and provincial governments know that it is a challenge at times for small businesses like yours to remain competitive in the market and even to survive during difficult economic times.
You can also take advantage of the Small Business Startup Assessment Tool below and see the tools and resources you need to succeed at launching your business. It takes just a minute and will also tell you if there may be any funding programs available.