Supportive Governments Help Winnipeg Businesses Compete
Government partners offer an array of local, provincial and national programs that provide financial assistance like tax credits, tax incentives, training assistance, R&D assistance, loan guarantees and wage subsidies. Governments are also active partners through investment in industry-applied research capacity.
No matter where the savings come from—or what name they’re given—Winnipeg is focused on ensuring the global competitiveness of its business base. Once all factors applicable to your company are considered, you’ll find Winnipeg makes a persuasive case for expansion and investment.
Below is a list of some of the most compelling government-administered programs now available to assist local businesses. Other sector-specific incentive programs are offered as well, and EDWs business development experts know them all.
Contact us so we can help you navigate the programs most applicable to your industry.
- Manitoba Manufacturing Investment Tax Credit (MITC): Provides a 10 per cent tax credit applicable against Manitoba corporate income tax payable for new and used buildings, machinery and equipment used directly in the manufacturing process.
- Workforce Development Program (WDP): Assists companies by contributing to their investment in skills training for employees.
- Commercialization Support for Business (CSB): Supports product and process commercialization and business development in all sectors by providing funding in three streams.
- Manitoba Industrial Opportunities Program (MIOP): Provides secured loan or loan guarantee assistance to recipient companies in return for fixed asset investment and long term job creation.
- Scientific Research & Experimental Development (SR+ED): A federal tax incentive program that encourages Canadian businesses to conduct R&D in Canada.
- Manitoba Research & Development Tax Credit: Top-up to Federal SR+ED Program: To encourage R&D in Mantioba, a 20 per cent tax credit is applied against Manitoba corporate income tax payable.
- Industrial Research Assistance Program (NRC – IRAP): Provides support to qualified small and medium-sized enterprises in Canada in the development and commercialization of technologies.
- Natural Sciences and Engineering Research Council of Canada (NSERC): Supports university students in their advanced studies, promotes and supports discovery research, and fosters innovation by encouraging Canadian companies to participate and invest in post-secondary research projects.
- University of Manitoba Technology Transfer Program: Makes research available to partners with no financial commitment until the company itself starts making money from the technology.
- Red River College (RRC) Industry Partnership Programs: Provides industry workforce training and financial benefits to both industry and RRC, examples: the Centre for Aerospace Technology and Training (CATT), and the Centre for Non-Destructive Inspection (CNDI).
- Manitoba Energy Jobs Fund: Provides flexible loans to assist Manitoba companies with expansion and to encourage international companies to establish operations in the province in anticipation of new energy projects.