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Add Newly Skilled Talent to Your Team with the Boost Your Business Technology Grant
July 18, 2023New 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 of different 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, recent graduates bring organizations 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 your 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 Canada Digital Adoption Program (CDAP).
Before applying for wage subsidy funding, employers must work with an advisor to establish a digital adoption plan. Once their plan is approved, SMEs will be able to hire 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, digitalize your operations and connect with new talent.