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FORT MCMURRAY – Businesses in Fort McMurray Wood Buffalo affected by the ongoing trade dispute and tariffs may be eligible for up to $1 million in non-repayable federal funding to help improve their competitiveness and reduce their exposure to future trade disruptions.
The funding is available through the Pivot Projects stream of the Regional Tariff Response Initiative, administered by Prairies Economic Development Canada.
The program is designed to help businesses affected by tariffs invest in projects that improve productivity, strengthen their competitive position and make them more resilient to changes in international trade.
Eligible projects can receive up to $1 million in non-repayable funding, covering as much as 50 per cent of eligible costs.
Projects must also demonstrate local or regional economic benefits.
Businesses looking for assistance can explore the funding opportunity through Fort McMurray Wood Buffalo Economic Development and Tourism’s (FMWBEDT) Get Funded portal.
The online platform, powered by Fundica, provides a centralized location for entrepreneurs, businesses and not-for-profit organizations to search for financial assistance programs.
It connects users with available grants, loans, tax credits and financing opportunities from federal, provincial and municipal governments, as well as private-sector organizations.
The service is intended to simplify the process of finding financial assistance by allowing businesses to search for funding opportunities in one place rather than navigating multiple government and private-sector websites.
For businesses facing increased costs, reduced market access or other challenges associated with tariffs, the Regional Tariff Response Initiative offers a potential source of financial assistance for projects aimed at improving long-term competitiveness.
Funding is subject to program eligibility requirements, and the maximum available contribution is not guaranteed.
Businesses interested in the Pivot Projects funding stream or other financial assistance programs can visit the Get Funded portal at https://www.fmwb.ca/get-funded.
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