The objective of Financial Services is to encourage and facilitate entrepreneurial and employment opportunities within the Province through the establishment of new businesses or the expansion/retention of existing Manitoba businesses.
The Branch promotes increased access to capital for industry by serving as a principal source of financial advice and assistance for businesses to expand or locate in Manitoba. In addition to delivery and administration of financial programs for the department, the Branch develops and administers a number of third party delivered pools of risk capital.
The Commercialization Support for Business Program (CSB)
The CSB Program was formed to help entrepreneurs and businesses with every stage in the business lifecycle. Entrepreneurs can get support to create new ideas, products, services, processes, markets and jobs in all sectors and regions of the province.
Community Enterprise Development (CED) Tax Credit (CEDTC)
The CEDTC encourages Manitoban resident investors or eligible corporations (permanent establishment in Manitoba and 25% of salary and wages paid by the corporation are paid to individuals who are residents of Manitoba) to invest in specific community enterprises or in community development investment pools in their communities. The aim is to assist community based enterprise development projects in raising local equity capital.
Manitoba Industrial Opportunities Program (MIOP)
Under the Manitoba Industrial Opportunities Program the government provides term loans to assist businesses to expand in Manitoba.
Manitoba Innovation Growth Side Car Fund
The Manitoba Innovation Growth Side Car Fund (Fund) is designed to provide equity financing between $400,000 and $1 million to eligible Manitoba businesses as both investors and companies have identified a funding gap exists in this range.
Small Business Venture Capital Tax Credit Program (SBVCTC)
The SBVC tax credit program assists eligible small business corporations to issue new equity to primarily new investors.