Grant recipients can access up to $7300 in wage subsidy funding to hire a student or recent graduate
New talent is the lifeblood of many small and medium-sized enterprises (SMEs). To remain competitive, business owners must always keep their eyes open for potential new hires.
While new employees come in many ages, employers often get impressive results when hiring students and recent graduates with the skills needed for the workplaces of the future. Motivated and energetic, the best of these youth will flourish at your business, bringing you increased success as they establish themselves and begin to build careers.
Through the Boost Your Business Technology grant, eligible SMEs can access up to $7,300 in wage subsidy funding to hire a student or recent graduate to help support the implementation of new technologies or digital strategies.
The grant also provides up to $15,000 to get advice on the digital technologies that can propel a business forward, as well as access to an interest-free loan of up to $100,000 to acquire and implement new technologies.
The Boost Your Business Technology grant is one of two grants offered through the federal Canada Digital Adoption Program (CDAP).
Before applying for wage subsidy funding, employers must work with a digital advisor to establish a digital adoption plan. Once their plan is approved, SMEs will be able to hire an eligible youth and receive the accompanying wage subsidy.
Magnet is administering 16,800 funded work placements through CDAP, supporting employers with access to a nationwide pool of skilled students and recent graduates.
The Boost Your Business Technology grant can help your business become more resilient and competitive. Use grant funding to get your business online, give your e-commerce presence a boost, or help you digitalize your operations. Through wage subsidy funding, the grant also offers a way to connect with new talent while saving on salary costs.