The BC Manufacturing Jobs Fund (MJF) is investing up to $180M in manufacturing projects throughout B.C. This is designed to help manufacturing companies modernize, innovate, and grow by providing funding for capital projects in all regions in B.C., particularly in communities affected by economic impacts or downturns.

Program Stream:

• Project Readiness Stream: Funding to complete final-stage business and project planning, including operational and technical assessments. Project Readiness proposals must lead to a planned capital project aligned with Capital Investment criteria.
• Capital Investment Stream: Funding to invest in new or renovated manufacturing infrastructure, technology, equipment, and processes, including renovating idle industrial buildings such as an unused mill site.

Funding Amount:

• Project Readiness Stream
• 50% up to max. $50,000 of total eligible costs
• Capital Investment Stream
• Up to an average of 20% max. $10,000,000 of total eligible costs

Eligible Applicants: must

• Be registered to do business in B.C.
• Operate in the manufacturing sector, i.e., create products using industrial or mass-production processes
• Have established operations (at the proposed project location or elsewhere)
• Have an established employee base
• Be in a viable financial position

Eligible Projects: must

• Be located in B.C.
• Contribute to long-term regional economic growth, sustainability, and/or diversification
• Be financially viable and leverage market demand
• Create, maintain, or diversify stable, well-paying job opportunities for local workers
• Have a high degree of readiness and bring direct benefits to regional communities
• Demonstrate alignment with program goals

Eligible Project Costs:

• Project Readiness Stream
• Business plans
• Market assessments
• Operational plans
• Financial plans and costing
• Risk analyses
• Operational and technical assessments

Capital Investment Stream

• Capital expenditures (equipment, machinery, technology, and construction materials)
• Wage or contract costs for net new project-specific labor
• Professional, contractor, and subcontractor fees
• Freight or material transportation costs
• Installation and implementation costs
• Other time-limited costs directly related to project implementation

Timeline:

• Funding Decisions will take approx. 12 weeks
• Projects should be completed within two to three years of commencement.
• Program is accepting applications and will remain open until all funds are allocated.

For more information:

Jeff Dumart

Director, Client Services

Mentor Works, a Ryan Company

Mobile: 519-465-7455

Email: jeff.dumart@ryan.com 

Website: MentorWorks.ca