A new initiative launched by the Funding Portal is helping Canadian companies with business aspirations south of the border access U.S. incentive programs offering more than US$180 billion in investment capital.
Previously, Canadian companies using Funding Portal were limited to sourcing capital from local programs, drawing from $14.4 billion in provincial and federal public funding for businesses. Now the service pools money from regional and federal governments in both Canada and the U.S., offering more than 8,500 programs in total. Companies using the service can also access about 2,500 sources of private capital, including angel investments, venture capital and bank debt.
“Canadian corporations with state-side operations or plans, and a rapidly developing U.S.-based client market, are finding our unique database of funding sources invaluable in understanding where to position their operations to take maximum advantage of these billions in state-based and federal incentives,” said Teri Kirk, president and CEO of The Funding Portal.
Manufacturers are poised to benefit most from these programs, a Funding Portal statement notes.