Small businesses are the backbone of Canada's economy and the heart of our communities across the country. As small businesses adjust to the digital economy and the lasting shock of the COVID-19 pandemic, the federal government of Canada is working to help them continue to grow, prosper and create good jobs.
On March 3, Prime Minister Justin Trudeau announced the launch of the Canada Digital Adoption Program (CDAP) to help Canadian small and medium-sized businesses grow their online businesses and upgrade or adopt digital technologies. The investment, which will provide $4 billion over four years, will support up to 160,000 small businesses and create good middle-class jobs across the country, including thousands of jobs for young Canadians.
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Under the Canada Digital Advancement Program (CDAP), Canadian small and medium-sized enterprises (SMEs) will be able to assess their own digital readiness and apply online for grants and loans. The funding will help them capitalize on e-commerce opportunities, upgrade or adopt digital technologies, and digitize their businesses in order to remain competitive and meet their customer needs in the digital marketplace. Depending on its own size, specific needs and goals, businesses can either "Grow Your Business Online" or "Boost your Business Technology" ) category to apply for funding.
Accelerating the digital transformation of Canadian businesses will help Canadian businesses remain competitive while creating jobs and growing the economy as we recover from the pandemic.
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The Honourable Justin Trudeau, Prime Minister of Canada:
"Over the past two years, small businesses have shown incredible resilience in the face of the unprecedented challenges posed by the pandemic. Supporting them has been (and will continue to be) our federal government's A priority. That’s why we’re launching the Canadian Digital Outreach Program to empower small businesses with the digital tools they need, while helping them create good jobs, especially for young Canadians.”
The Honourable Mary Ng, Minister of International Trade, Export Promotion, Small Business and Economic Development:
“Our federal government is committed to ensuring that all Canadian businesses benefit from the digital economy – from high street retailers to entrepreneurs to manufacturers. The Canada Digital rollout will support up to 160,000 small and medium-sized businesses in adopting new technologies, while providing Young Canadians create thousands of jobs. I encourage small businesses, owners and entrepreneurs to apply for CDAP and take advantage of technology to grow their businesses and gain new customers around the world."
Isabelle Hudon, President and CEO, Business Development Bank of Canada (BDC):
“Small and medium businesses in Canada need more tools, more resources and more access to financing to go digital. That’s what our clients tell us, and that’s why BDC is so excited to be a part of Canada’s digital outreach program, where we can Providing advice and zero-interest loans to entrepreneurs to help them meet the changing needs of their clients. It’s an investment in Canada’s future competitiveness and growth.”
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