Inge Development
Economic Support & Resources
District of Hudson's Hope
Industry Funding
BC Maritime Industries Infrastructure Modernization And Expansion Grant - Stream 1: Smaller Capital Projects
Association of BC Marine Industries
About
The scope of the program is to align marine industry projects to both the StrongerBC Economic Plan, creating economic and environmental benefits of clean and inclusive growth, and the CleanBC Roadmap to 2030, meeting legislated emissions reduction targets. The outcomes will greatly benefit marine industry organizations within British Columbia and are expected to:
Modernize, scale and expand industrial maritime infrastructure in B.C.
Attract new market demand and investment
Establish B.C. as a leader in innovative and high-value maritime activity
Stabilize and grow well-paying, high-quality and inclusive jobs
Provide opportunity for high-value knowledge based clean made-in-BC technologies
Contribute to a decrease of harmful air emissions
Funding
50% of capital costs up to $500,000
Application Period
Not specified
Eligible Applicants
Eligible applicants must be for-profit organizations that:
Operate in the ship and boat building, refit, repair and maintenance sector.
Have been operating in B.C. for at least 24 months.
Have an existing footprint in the province of British Columbia.
Can demonstrate being a viable operation through positive cash flow or have net positive assets.
Are not currently preparing the business for closure, dissolution, bankruptcy or sale.
Eligible Projects
Equipment and facility modernization support for boat and shipyards OR new small vessel construction infrastructure