How We Can Help
Newfoundland and Labrador has a number of provincially and federally run organizations designed to help you establish and develop a successful business in Long Harbour. These organizations will work with you to effectively plan, implement, and manage your venture in order to see growth and achieve positive economic benefits. Some of these programs are listed below.
The Atlantic Canada Opportunities Agency (ACOA) will work with you to help build and expand economic capacity. This federally run agency focuses on the creation of jobs, enhanced earned incomes, and promotion of opportunities for economic development. Through policy, programs and project development and implementation, ACOA will help your business to become recognized, reputable, and successful in Long Harbour.
Catering to the unique needs of different ventures, ACOA lends support and assistance in a variety of ways as to best maximize economic potential. In addition to financial support, ACOA also can plan, direct, manage and implement programs and projects to improve the business environment, and assist investors to locate enterprises. Further information on ACOA can be found at their website: http://www.acoa-apeca.gc.ca/e/en/index.asp
With a particular focus on rural areas, Economic Diversification and Growth Enterprises is a provincial organization that works to encourage new business investment and stimulate job creation. Once approved for EDGE status, you will receive government assistance with obtaining permits and licenses in addition to support proceeding with your business plans. In addition, EDGE designated companies may be eligible for a variety of tax incentives such as direct equity tax credits, manufacturing and processing tax credits, small business tax credits, and more.
Regional Economic Development Boards (REDB's)
Newfoundland and Labrador has twenty Regional Economic Development Boards, one in each economic zone. These boards specialize in the development and implementation of strategic economic and business plans, as well as developing partnerships with municipalities and associations such as Chamber of Commerce, Canadian Business Development Corporations, and industry associations. REDBs provide support to stakeholders in order to strengthen the economic environment and develop economic capacity.
If you are interested in, or are planning, a business enterprise in Long Harbour, you may wish to contact the local board to see how your economic development fits with the strategic economic plan of the zone. Contact information can be found at the following site: http://www.intrd.gov.nl.ca/intrd/economicboards.htm
In addition to these organizations, the Newfoundland and Labrador 2007 Budget also outlines contributions the government plans to make in order to promote economic growth. Investments in a new Business Attraction Fund, a Business Grants Fund, and a Small and Medium Enterprise Fund are only a few of the plans established to encourage and support new business in the province.
Highlights from 2007 Budget can be found at the following cite: http://www.budget.gov.nl.ca/budget2007/highlights.htm
A preferred vendor policy, which is currently in negotiation and expected to be agreed upon in the near future, would provide the town of Long Harbour with priority in terms of employment and business contracts. Coming to Long Harbour and establishing a local presence in the community will therefore increase the business opportunities available to you. So now is the time to make the move to Long Harbour and reap the benefits of the organizations, policies, and programs designed to help you succeed.