Are you a small business owner in New Brunswick looking for some financial help? This funding grants guide can help companies find New Brunswick small business grants to help them start, manage, or expand their operations. This includes New Brunswick government grants for small businesses and other third-party organizations aimed at helping businesses and individual professionals within the province.
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When applying for business grants within the province of New Brunswick, companies will need to provide essential information and documentation to those managing the grants before receiving any support. Although documentation criteria differ from grant to grant, businesses should gather the following information to make the process easier when applying:
Eligibility for small business grants in New Brunswick is based on specific criteria that individuals must meet before successfully applying for and receiving funding from government agencies and other funding opportunities. In many cases, the grants listed below can be applied for by small businesses and organizations, whether for-profit or non-profits or individuals and artistic groups within Atlantic Canada.
New Brunswick Art Grants cover multiple funding streams and business development opportunities that businesses and individuals operating within the arts and culture industry can take advantage of.
Artist in Residence: Under this incentives program, individual artists can receive up to 100% of their eligible expenses covered, up to a maximum contribution of $5,000 for a 6-month project period or $10,000 for a 12-month project period. Institutions and organizations applying for the grant to fund an artist to help them with their art business needs and creative projects can receive up to 50% on eligible expenses, with a maximum contribution of $5,000 for a 6 month period, or $10,000 for a 12 month period.
Arts Infrastructure Grant for New and Emerging Artists: The maximum grant amount provided to artists under this program is $2,500. Funding must be used to cover eligible costs, such as a one-time acquisition of artistic equipment, software, or peripherals needed for creative works or a one-time capital improvement to cover the cost of improving the artist’s studio, rehearsal space, or production space.
Career Development: Funding is split into four streams, all of which offer eligible applicants financial resources between $1,000 and $10,000 to cover expenses of their proposed projects, artistic development, or professionalization.
Creation: The maximum contribution awarded to senior artists is $16,500, while mid-career artists can receive up to $11,000 and emerging artists can obtain $5,500. In all three cases, this financial assistance can be used to cover eligible expenses, such as project execution costs, living allowances, and transportation and accommodation costs.
Documentation: This financial support proposal proposes a maximum grant amount of $8,500 to be used to cover the cost of eligible expenses, such as living allowances, execution costs, and transportation and accommodation expenses.
Equinox Program for Indigenous Artists: Successful applicants to this grant can receive up to a maximum contribution amount of $5,000.
Accessibility and Equity: This funding is awarded on a case-by-case basis by artsnb staff, who can provide access support funding that cannot exceed 50% of the grant request. For example, a Deaf applicant applying as a mid-career artist for the creation grant will receive $11,000 and up to an additional $5,500 as part of the accessibility grant.
In almost all grant cases, the eligibility criteria are the same. Individual artists can apply if they have professional artist status unless the grant is specifically for artist students who would not need this status. All applicants must also be Canadian citizens or permanent residents and have resided in New Brunswick for a minimum of 12 months before applying. The project proposal must meet all requirements per grant allocation.
In all cases, artists and organizations must not have any overdue Final Report for any projects funded by Arts New Brunswick, or must not have previously received funding in a grants program managed by ArtsNB.
Specifically, for the Equinox Program for Indigenous Artists grant, applicants must hold Indigenous status. On the same note, to apply for the Accessibility and Equity grants, applicants must self-identify as either Deaf, having a disability, and/or are living with mental illness.
To apply to any of these funding opportunities, individuals and small businesses or organizations can start the process through the ArtsNB portal. You must first create an account and designate the funding resources before uploading all necessary information and documentation.
The New Brunswick Music Industry Development (MID) Program is a financial support incentive managed by the Music·Musique NB (MNB). This provincial music industry association aims to support and foster the New Brunswick music sector through project investments proposed by individual artists, groups, or music businesses based in New Brunswick.
Successful applicants of this New Brunswick small business grant can receive up to a maximum investment of $10,000 with all components combined, excluding Sound Recording, and within a fiscal year.
Musicians, industry professionals, and music businesses that pay taxes to the New Brunswick government are eligible for funding under this program. That being said, applicants must be an individual or registered business with Service NB. Grant applicants must also be a resident of New Brunswick for at least 12 months prior to submission of application. For group applications, the majority of members must be residents of New Brunswick.
In most cases, applicants do not need to be a Music·Musique NB member to be eligible for funding. Cover bands and tribute bands are not eligible for financing.
For more information on these resources and to start the application process, contact the Mid Programs officer at mid@musicnb.org.
The Marketing & Promotion Component is another financial resources program put on by the Music·Musique NB (MNB) that focuses on supporting provincial artists with their marketing, social media, and promotional activities. Projects that are eligible for support include marketing plan development, marketing activities surrounding a tour or showcase, social media campaigns, video productions, and the promotion and marketing of sound recordings.
The maximum contribution awarded to artists is $4,000 per applicant.
Eligible entrepreneurs include individuals and registered businesses with Service NB. All individual or business-based applicants must be NB residents for twelve consecutive months before the date of their application.
Businesses submitting projects intended for artists must identify artists who have also been residents of New Brunswick for at least one year before submitting.
For artistic groups, the majority of members must be residents of New Brunswick. However, cover bands and tribute bands are not eligible for funding.
The association suggests contacting their MID Program Officer before applying. You can reach out to this officer by email, mid@musicnb.org, or telephone at 506-383-6171.
Sometimes New Brunswick government grants funding can take the form of tax credits, like the Small Business Investor Tax Credit. NB government agencies offer individual investors, corporations, or trust investors who invest in small businesses, community economic development corporations, and associations in New Brunswick a 15% to 50% non-refundable personal income tax credit on their income return.
Funding takes the form of a non-refundable personal income tax credit, in which eligible investors can claim up to $125,000 per year for investments of up to $250,000. The Government of New Brunswick allows this credit to be carried forward for seven years or back three years on the investor’s income tax return.
Under this tax credit, corporations and trust-eligible investors looking to invest in New Brunswick businesses can also receive a 15% non-refundable corporate income tax credit of up to $75,000 per year for investments of up to $500,000.
All business sectors within the province of New Brunswick are eligible for investments. For investors to become eligible for the tax credit, they must make a minimum total investment of $1,000, while corporations and trust investors must meet a minimum investment of $50,000. Individual investors must be over 19 and be a resident of New Brunswick. Corporations must have a permanent establishment within the province.
On top of these requirements, investors must hold the investment for a minimum of four years, and they cannot use any government or third-party financial assistance in the acquisition of those shares.
Applicants must first apply for the Certificate of Registration with the Government of New Brunswick, followed by the application for a Tax Credit Certificate to start the credit application process.
The Digital Main Street (DMS) New Brunswick program assists businesses that wish to improve their digital skills and services through four support streams, covering financial assistance as well as other resources. The four Digital Main Street Programs include:
Support through this Digital Main Street platform is mostly provided in the form of free services and online digital tools, meaning there's no actual funding awarded. That being said, the Digital Transformation grant is the only New Brunswick small business grant that offers financial support. This grant provides businesses with a maximum non-repayable contribution of up to $3,000.
Eligible entrepreneurs and businesses must be a main street business that employs 1 to 25 workers and is a registered business or corporation in New Brunswick. Businesses must already be established at the time of application, meaning no startup companies. Businesses cannot supply digital services to other businesses, and they must not be a franchise, non-profit, or purely an online business.
Finally, the business owner must be a New Brunswick resident operating within the province, 18 years of age or older, and a Canadian citizen or permanent resident.
Start the application process when you register your small business on the Digital Main Street portal. You can also contact dmsnb@cbdc.ca to learn more.
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