The Economic Diversification and Growth Enterprises (EDGE) Program provides incentives to encourage significant new business investment in the province to help diversify the economy and stimulate new private sector job creation, particularly in rural areas.
A new business or an existing business interested in expanding in the province may apply for EDGE status if there is the potential to create and maintain 10 new permanent jobs in the province; it is prepared to make a minimum capital investment of $300,000 or generate incremental annual sales of $500,000; it would not establish or expand in the province in the absence of the EDGE incentives; the EDGE incentives will not give it a direct competitive advantage over other existing businesses in the province; and the new business activity will have a substantial net economic benefit to the province.
Companies approved for EDGE status are eligible for the following incentives and benefits:
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