Business and Economic Development

Tax Credits and Programs


Our Objectives: Increasing Access to Capital in Manitoba

The objective of the Economic Policy and Programs Branch 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.

 

How We Achieve Our Objectives

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.

 

Programs

  • Manitoba Works Capital Incentive
    The Manitoba Works Capital Incentive encourages significant new business investment or existing business expansion by creating a competitive tax environment to help diversify Manitoba’s economy and stimulate job creation. The proponent of an approved project under the incentive receives a tax rebate of the incremental education property taxes that are generated as a result of capital investment on the approved property for a period of up to 20 years or until education property taxes are eliminated, whichever is sooner.
  • Innovation Growth Program
    This program provides cost-sharing assistance to Small and Medium-Sized Enterprises (SMEs) to assist them in developing and commercializing new innovative products and processes. The IGP will support SMEs in the development and growth stages of the business life-cycle to reduce the risks associated with innovative product development, accelerate growth and strengthen their financial position so they can secure future funding to build their Manitoba-based business.

Tax Credits

Industry Workforce Development Programs

 

Immigrate to Manitoba: Business Investor Stream

Additional Resources

See also Departmental Annual Reports

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