Profiles of Capital Providers

Manitoba Competitiveness, Training and Trade

Contact

Jim Kilgour
Director
Financial Services Branch
Tel: 204-945-7626
E-mail: Jim.kilgour@gov.mb.ca
Web site: www.gov.mb.ca/ctt/busdev/financial/

Department Divisions

The Business Services Division:
provides or facilitates businesses’ access to capital to spur the establishment and expansion of enterprises to improve the economic status of Manitoba; provides sector expertise to businesses in the areas of marketing, technology business development and management; provides department-wide marketing support and development of promotional products; co-ordinates and delivers a range of services for the enhancement and growth of Manitoba’s entrepreneurial and small business community; and increases inward investment to attract businesses and business people to Manitoba through general promotion, business or company recruitment, and entrepreneur recruitment.

The Training and Continuing Education Division:
delivers programs to create opportunities and to develop a skilled and adaptable workforce that supports the Province’s social and economic goals. TCE is committed to: ensuring the accessibility and delivery of skills development opportunities to all Manitobans that are responsive to and aligned with the labour market; assisting Manitobans to find and sustain employment; working with business and industry to build the human resource capacity to be productive and competitive; providing programs and services that facilitate smooth transition and advancement opportunities; developing a workforce that is representative of the population; and working in partnership with other government departments,

Community and Economic Development Division:
provides analytical expertise and administrative support to the Community Economic Development Committee of Cabinet; co-ordinates all major government initiatives relating to community and economic development in the province; provides advice and support in the on-going development of Manitoba's economic strategy including identifying priorities, solicits community input and assists in formulating policy and recommendations.

The Trade and Federal-Provincial and International Relations Division
is the branches of: Federal-Provincial Relations, Canada-U.S. and International Relations, International Education, Protocol, Manitoba Trade and Investment and Manitoba’s Ottawa Office. In addition, the policy coordination unit of Competitiveness, Training and Trade provides lead support on internal trade and trade policy matters. The core business of the Federal-Provincial and International Relations and Trade Division is relationship-building, in particular, strengthening strategic relationships with respect to intergovernmental, international and trade and investment activities with: federal/provincial/territorial governments in Canada; governments in the United States and other international jurisdictions; educational institutions in Manitoba and internationally; the diplomatic community in Canada and abroad; and the business community in Manitoba and external markets.

CTT Program Areas

Third-Party Investment Funds Program (the Investment Program)
The Investment Program provides investment capital to venture capital limited partnerships (“limited partnerships”) which in turn invests this capital in small to medium sized businesses.

The Community Enterprise Investment Tax Credit (“CEITC”)
The CEITC tax credit allows eligible investors to earn a 30% non-refundable provincial tax credit, up to an annual limit of $135,000, for purchasing new equity issues by Manitoba small businesses.

Manitoba Industrial Opportunities Program (the MIOP Program)
The MIOP Program provides financial support to assist businesses expanding their operations in Manitoba. The financing is in the form of repayable, secured loans and the repayment terms can be somewhat flexible. Favorable interest rates are available to businesses that undertake significant investment in fixed assets and/or create new jobs. The loans are usually in excess of $500,000.

Manitoba Business Development Fund (the Fund)
The Fund provides cost-sharing assistance up to $100,000 under three sub-programs. The Technology Commercialization Program assists businesses with the development and/or application of new technology. The Feasibility Studies Program assists businesses and business-support organizations with the assessment of new business opportunities. The Special Projects Program assists businesses and business-support organizations with initiatives that are of strategic significance to Manitoba’s economy.

The Manitoba Business Start Program, in partnership with participating banks and credit unions, delivers loan guarantees to start-up businesses across the province that are less than one year old. The individual maximum loan guarantee amount is $30,000. The funds can be used for working capital and include an interest rate cap of prime +1%, with a one-year deferral of the principal repayment. The Program also delivers a comprehensive three-day business training workshop to new and experienced entrepreneurs.