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Sufficient financing and insurance can often be the key to a successful export operation. Major commercial banks, business development agencies, and government departments offer a range of financing programs to suit the unique needs of your company. Below is selection of programs open to Niagara companies. For a more complete listing, visit exportsource.gc.ca, the official web site of Team Canada Inc.
- Program for Export Market Development (PEMD)
- Canadian International Development Agency (CIDA)
- Canadian Commercial Corporation (CCC)
- Export Development Corporation (EDC)
- Niagara Enterprise Agency (NEA)
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Program for Export Market Development (PEMD)
International Trade Canada has closed down the Program for Export Market Development for Industry (PEMD-Industry). PEMD-Industry contributions that were approved before March 30, 2004, will be honoured. For assistance with your international business development projects, please contact an Industry Canada regional office.
Canadian International Development Agency (CIDA)
The Canadian International Development Agency (CIDA) is the principal Canadian development assistance agency. Through partnerships with international or Canadian development assistance organizations and Canadian firms, CIDA carries out projects supporting the efforts of developing countries. Canadian assistance usually takes the form of transfers of goods, services or skills to developing countries.
Of interest to exporters of goods and services, CIDA's Industrial Cooperation Program (INC) works in cooperation with the Canadian private sector. All projects supported by INC should focus on at least one of the six priorities of Canada's Official Development Assistance program:
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basic human needs |
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human rights, democracy and good governance |
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integration of women in development |
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private sector development |
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infrastructure services |
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environment |
All projects must, however, include integration of women in development and the environment in their activities.
Canadian firms that have already made contacts for a project involving a partner in a developing country, and that have access to a source of funding, can use INC mechanisms to facilitate the implementation of their projects.
Eligibility for the program is limited to Canadian firms.
The assistance provided by INC in support of Canadian private-sector initiatives is provided under two sections, the Investment section and the Professional Services section.
Shared cost arrangements with Canadian private-sector firms has been a cornerstone of the Industrial Cooperation Program since its inception. Private firms that receive CIDA funding must assume the leadership of the business partnership project they wish to implement and operate as an autonomous agent in the developing country.
For details about CIDA programs, including application kits, visit the website acdi-cida.gc.ca.
Canadian Commercial Corporation
Canadian Commercial Corporation (CCC) is wholly owned by the Government of Canada. Since 1946, CCC has helped thousands of Canadian businesses complete sales abroad. CCC provides Canadian companies with access to market opportunities as well as a wide range of services, enabling them to pursue export business on better terms and to transact more efficiently in international markets.
CCC's services include:
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Market intelligence and advice. CCC receives hundreds of opportunities daily from U.S. Government agencies that are looking to purchase a wide variety of goods and services. |
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Contracting and contract administration. CCC can assist in the preparation of your proposal, prepare a risk analysis, participate in contract negotiations and sign a prime contract with your customer. Export facilitators provide advice on a range of contracting matters including terms, price structure, risk management, and methods of payment. |
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If you are an SME, CCC's Progress Payment Program may help you obtain pre-shipment export financing you might need to complete a transaction. CCC collects from foreign customers and disburses payments to Canadian exporters. |
For a complete Info kit, telephone (613) 996-2655 or visit the website at www.ccc.ca
Canadian Commercial Corporation
50 O'Connor Street, Suite 1100
Ottawa ON
K1A 0S6
Email:info@ccc.ca
Export Development Corporation
Operating in international markets provides great opportunity for business development. But it also carries significant credit risks. The Export Development Corporation provides a full range of trade finance services that helps Canadian exporters and investors conduct business in 200 countries, including higher-risk and emerging markets.
The Services include:
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Insuring your export success
No company is too small to export and no exporter is too small for EDC. From the application process, to credit approvals on foreign buyers, to filing claims, these services are fast and efficient. |
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Financing international transactions
For buyers of Canadian goods and services around the world, EDC is a vital partner that can facilitate international trade. EDC can help you meet your buyer's terms, without putting your bottom line at risk. EDC has global experience in structuring a broad range of repayment terms, with competitive interest rates (fixed or floating) in most major convertible currencies.
EDC also has considerable experience in providing non-recourse and limited-recourse financing support for projects where lenders rely primarily on the cash flow generated by the project to repay loans.
EDC has established lines of credit with financial institutions and major companies in 20 countries around the globe. Lines of credit are a streamlined form of financing well-suited to small transactions. The terms and conditions of each line of credit are prearranged between EDC and the borrower. |
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Protecting your investments
EDC's Political Risk Insurance (PRI) can help protect your foreign investment. EDC's PRI protects against transfer of funds, expropriation and political violence. |
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Bonding trade relationships
In many international transactions, your customer may require you to post bonds guaranteeing your bid, performance or advances received from that customer. EDC offers a range of products to help you get bonds issued and to manage your bonding related risks.
For more information contact the Export Development Corporation. Small exporter - those with annual export sales of up to $1 million - contact 1-800-850-9626. If your export sales exceed $1 million annually, call one of EDC's regional offices at 1-888-332-3777.
Fax: (613) 598-6697
Email: export@edc4.edc.ca
Website: www.edc-see.ca |
Niagara Enterprise Agency
The Niagara Enterprise Agency has gained recognition across Canada for its leadership in the design and implementation of programs aimed at assisting businesses realize their potential. Established in 1993, NEA has become the primary architect of three, unique to Niagara, business programs.
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The Niagara Canada Community Investment Plan
NCCIP is the most successful program of its kind in Canada. The NCCIP plays a vital role in helping businesses with high-growth potential to find the financing they need to get established or expand. NCCIP's associates provide coaching expertise to make business plans investment-ready, carry out due diligence and bring together potential investors with those seeking capital. |
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The Niagara Growth Fund
The Niagara Growth Fund, launched in October 1999, is a multimillion-dollar venture capital fund designed to help small business in Niagara to reach their potential. |
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The Niagara Intelligence Acquisition Service
NIAS provides a host of competitive intelligence services to companies, allowing them to seize opportunities in a timely manner and to minimize risk. The services include assessing a particular market for entry and monitoring markets at home and abroad for emerging trends. |
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The Niagara Virtual Business Accelerator
This NEW service provides a host of critical resources that firms rely on to grow, including research and development, business intelligence, mentoring and export development. |
For more information:
Niagara Enterprise Agency
#307-509 Glendale Avenue
Niagara-on-the-Lake, ON
LOS 1JO
Phone: (905) 687-8327
Fax: (905) 687-8022
www.neai.com
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