Businesses interested in locating in Argentia can look at a combination
of incentive programs offered by the federal, provincial, and municipal
governments.
ATLANTIC CANADA OPPORTUNITIES AGENCY
- interest-free, unsecured loans
- flexible repayment schedule
- assistance for capital and non-capital costs
|
BUSINESS DEVELOPMENT BANK OF CANADA
- loan financing - term and working capital
- venture financing
- interest - fixed and floating
- management services
|
HUMAN RESOURCE DEPARTMENT
- various training programs
- various wage subsidies
|
INDUSTRY CANADA
- program for export development - support to businesses
- marketing their products and services abroad
|
PROVINCIAL DEPARTMENT OF INDUSTRY, TRADE AND TECHNOLOGY
Economic Diversification and Growth Enterprises Program (EDGE)
- a total of a ten-year tax holiday with a five year phase
in
- start up grant for each permanent job created
|
AVALON WEST COMMUNITY DEVELOPMENT CORPORATION
- business loans
- advisory services
- self employment incentives
|
MUNICIPALITIES
New businesses wishing to set up in the Town
of Placentia are evaluated individually on their economic
impact and benefits to the community on such areas as capital
investment and jobs created. For further information, please
contact the Planning & Development Officer at (709)227-2151. |
