Canada: Northern and Regional Economic Development Program

Deadline: 22-Jan-23

The Government of Alberta is pleased to announce the applications for Northern and Regional Economic Development (NRED) Program that fund initiatives led by Alberta municipalities, Indigenous communities and non-profit organizations that promote regional economic development and diversification.

Streams

• In recognition that economic activity occurs in a number of forms, each with a unique perspective to contribute to economic growth and job creation, the Program has two streams of support:
  • Northern Development and Indigenous Stream
  • Regional Development Stream.

Funding Information

• Approved applicants are eligible to receive between $20,000 to $200,000 to support eligible project costs. While there is no maximum total project cost under the program, grant funding will not exceed $200,000 per project.
  • For Indigenous applicants
    • The NRED Program will provide up to 75% of total eligible project costs.
    • Total eligible project costs must be a minimum of $26,675.
    • Applicants must be able to match the funding requested at a minimum of 25% of the total project cost.
  • For all other applicants (northern and regional projects)
    • The NRED Program will provide up to 50% of total eligible project costs.
    • Total eligible project costs must be a minimum of $40,000.
    • Applicants must be able to match the funding requested at a minimum of 50% of the total project cost.

Eligible Projects

• The NRED Program funds initiatives that support economic development and will achieve tangible and impactful results in one or more of the following priority areas:
  • Investment in economic development infrastructure
  • Business supports
  • Labour force attraction and retention
  • Tourism planning, capacity building and infrastructure
  • Economic development capacity building.

Eligibility Criteria

• Entities eligible to apply for funding under the NRED Program include:
  • Incorporated non-profit organizations
  • Municipalities
  • Indigenous communities, including First Nations or Metis Settlements
  • Applications from project-based partnerships are permitted provided the application is submitted by an eligible entity. This entity will be considered the ‘lead’ and, if successful, will enter an agreement with the Alberta government on behalf of their organization and their partner(s).

For more information, visit NRED.