Opportunities NB launched a new capital investment policy designed to support the growth of export-oriented small businesses. The Capital Investment Enhancement Policy is available this year.
The policy aims to help export-oriented small businesses make some of the capital investments required to compete in markets outside of the province. New Brunswick companies with fewer than 100 employees can apply for either a:
- 20 per cent investment in capital projects valued between $50,000 and $150,000 or,
- 25 per cent investment in capital projects valued between $150,000 and $250,000.
Applicant companies must have a product for export, import, replacement or integration into New Brunswick export supply chains. Successful applicants must also be paying their employees an average annual salary of more than $30,000.
Eligible expenditures include equipment and building costs, major software upgrades and productivity improvements.
For more information contact Opportunities NB at 506-453-5471 or [email protected]