Government Program Ongoing

Economic Development Initiative

Offered by Atlantic Canada Opportunities Agency

New Brunswick Nova Scotia Newfoundland and Labrador Prince Edward Island

Program Overview

Economic development can look different in communities where language and culture are central to local identity. For Acadian and francophone communities across Atlantic Canada, the Economic Development Initiative offers targeted support to strengthen local economies while reinforcing Canada’s official languages objectives. Delivered by the Atlantic Canada Opportunities Agency, this initiative focuses on helping communities build capacity, support local businesses, and create conditions for long-term economic growth.

The program is designed for non-profit organizations working within official language minority communities in New Brunswick, Nova Scotia, Newfoundland and Labrador, and Prince Edward Island. Projects supported through the Economic Development Initiative often centre on practical, community-driven outcomes, such as providing business advisory services, encouraging innovation and research, helping organizations and businesses reach new markets, or improving productivity. There is also a strong emphasis on initiatives that enhance competitiveness and contribute to community sustainability, including efforts that support francophone immigration and workforce development. Funding is non-repayable and varies by project, with ACOA investing roughly over a million dollars each year across eligible initiatives.

Because projects must align with both economic development goals and broader official languages priorities, this program is best suited to organizations with clear plans and strong community impact. For non-profits exploring ways to support francophone and Acadian economic growth, reviewing the full program details can help determine whether this opportunity fits their mandate and project plans.

Who Can Apply

Eligible Canadian businesses

Available in: New Brunswick, Nova Scotia, Newfoundland and Labrador, Prince Edward Island

Full eligibility requirements — including industry criteria, revenue thresholds, and documentation needed — are available to GrantHub members.

How Much Funding

Funding Amount
Varies by project
Repayment
Non-repayable

Exact funding amounts, coverage percentages, and application details are available after signing in to GrantHub.

Frequently Asked Questions

How do I apply for Economic Development Initiative?
Sign up for GrantHub to access the full application details and direct link for Economic Development Initiative. Our platform walks you through eligibility requirements and helps you prepare your application.
What is the deadline for Economic Development Initiative?
Economic Development Initiative is currently ongoing. Sign in to GrantHub for exact dates and deadline alerts so you never miss a window.
Am I eligible for Economic Development Initiative?
Economic Development Initiative is available to eligible businesses in New Brunswick, Nova Scotia, Newfoundland and Labrador, Prince Edward Island. Sign in to GrantHub to check your specific eligibility based on your business profile.
How much funding does Economic Development Initiative provide?
Economic Development Initiative offers Varies by project in non-repayable funding. Sign in to see exact amounts and coverage details for your project.

Quick Facts

Provider
Atlantic Canada Opportunities Agency
Funding
Varies by project
Status
Ongoing
Repayment
Non-repayable

Check if You Qualify

Answer 3 quick questions to see if Economic Development Initiative matches your business.

Check Eligibility Sign in for full details

Data sourced from

Official Canadian Programs

Innovation Canada, NRC, CRA, BDC & provincial agencies

Canada Proactive Disclosure Data

400,000+ Companies Like Yours Have Received Billions in Grants

The Canadian government has funded over 400,000 businesses through 1.27 million grants and contributions. Every month you wait, deadlines pass and budgets run out.

Takes 60 seconds • See grants matched to your business