Grants and Financial Incentives

New Brunswick offers a variety of government programs, grants, and tax incentives to support businesses at all stages—from startups to established enterprises. These initiatives aim to foster innovation, sustainability, and economic growth across the province.

💰 Grants and Financial Incentives

1. Small Business Recovery Grant

   • Provides up to $10,000 to small businesses affected by economic challenges.

   • Eligible businesses must employ between 2 to 99 full-time equivalent employees and demonstrate a revenue decrease of 20% compared to the same month in 2019, or 10% compared to the previous year for businesses started after December 1, 2020.Digital Transformation Grant

   • Offers up to $20,000 to help businesses adopt digital tools, such as e-commerce platforms and CRM systems.

   • Applicants must provide a comprehensive digital adoption plan detailing the intended software and technology upgrades. 

2. Innovation Voucher Fund

   • Covers up to 80% of research and development costs, with a maximum of $50,000 per project.

   • Facilitates collaboration between small businesses and research institutions to develop innovative products or services. 

3. Sustainable Business Grant

   • Provides up to $40,000 for businesses implementing green technologies and sustainability initiatives.

   • Applicants must submit a detailed sustainability plan outlining clear environmental goals and strategies to achieve them.

🧾 Tax Credits and Investment Incentives

1. Small Business Investor Tax Credit

   • Offers a non-refundable personal income tax credit ranging from 15% to 50% for investments in small enterprises, community economic development corporations, and organizations in New Brunswick.

   • Investors can claim up to $125,000 per year for investments of up to $250,000.

2. Scientific Research and Experimental Development (SR&ED) Tax Credit

   • Provides a 15% provincial tax credit for eligible research and development expenditures.

   • Supports businesses engaged in scientific research or experimental development in Canada. 

🌱 Energy and Sustainability Programs

1. NB Power Net Metering Program

   • Allows customers to connect their renewable energy systems (up to 100 kW) to NB Power’s distribution system.

   • Enables customers to generate their own electricity to offset their consumption, with excess energy credited for future use.

2. Commercial Buildings Retrofit Program

   • Provides incentives for businesses to improve energy efficiency in commercial buildings.

   • Supports upgrades such as lighting, heating, ventilation, and air conditioning systems.

📈 Business Development and Support

1. Opportunities New Brunswick (ONB)

   • Offers growth capital, export development support, and market intelligence to help businesses expand and succeed.

   • Provides tailored services to meet the unique needs of each business.

2. New Brunswick Innovation Foundation (NBIF)

   • Invests in early-stage companies and applied research projects in sectors like ICT, life sciences, and advanced manufacturing.

   • Manages $120 million in venture capital and applied research investments. 

👥 Workforce Development Programs

1. Youth Employment Fund

   • Provides wage subsidies of up to $14,000 per new hire to encourage hiring young professionals aged 18–29.

   • Employers must submit a mentorship and skills development plan outlining how they will train and support young employees. 

2. Canada–New Brunswick Job Grant

   • Assists businesses in covering training costs for employees to improve workforce skills.

   • Employers can receive up to $10,000 per employee for training programs. 

For a comprehensive list of funding opportunities and to determine eligibility, visit the Government of New Brunswick’s funding and grants page