Trade Assistance Program (TAP)
Economic Development
Overview
The Trade Assistance Program supports New Brunswick companies in exporting and developing new export markets outside of the Maritime provinces (NB, NS, PEI).
Eligibility
Activities funded under the program must be strategic to the development of the applicant’s exports, and will be evaluated for eligibility based on that (as well as other) criteria.
Companies must process, manufacture or produce an exportable product, service, technology or intellectual property of a business to business nature.
A completed Trade Assistance Program Application Form must be received ten (10) working days prior to the activity for evaluation and processing.
Meeting eligibility criteria does not imply automatic access to program assistance.
Limitations:
• Maximum assistance offered is $5,000 CDN per project.
• Maximum assistance per company is $5,000 CDN each fiscal year (April 1 - March 31). Special consideration for up to $2,500 CDN in additional assistance may be given for activities outside North America.
• Companies will be eligible for two (2) TAPs within the same market area and same activity. Special consideration for one (1) additional TAP may be given for activities outside North America.
• Funding assistance will be to a maximum of 50% of eligible costs.
• HST, PST or VAT is NOT reimbursable.
• Professional services must be arms’ length; in-house expertise is ineligible.
• Maximum number of per diem days is ten (10); travel days are ineligible.
• A per diem allowance to cover accommodations, in-market travel and meals expenses will apply:
-$100 CDN per day within Canada
-$150 CDN per day in the United States
-$200 CDN per day in other markets
• A reduced per diem will apply if you share a hotel room or do not stay at a hotel:
-$50 CDN per day within Canada
-$75 CDN per day in the United States
-$100 CDN per day in other markets
• TRADE SHOWS ONLY: per diems, return airfare, and registration fees may be offered for up to two (2) people.
• INCOMING BUYERS ONLY: per diems of $100 to a maximum of three (3) days while in New Brunswick.
• 20 cents per kilometer if round trip travel is by car.
Description
Eligible companies may receive financial assistance from $500 - $5,000 for activities directly associated with market reconnaissance, trade shows and business to business conferences, outbound missions, and after sales follow-up.
Eligible costs are:
1. Round trip travel: return economy airfare; consideration for in-country airfare outside of North America may be given.
2. Per diems: consideration for two (2) persons attending trade shows may be given.
3. Conference and Exhibiting costs: space rental, booth furnishings, shipment of materials, registration fee.
4. Incoming Buyers: travel to/from New Brunswick.
5. Pre-production costs: activity-specific promotional materials excluding promotional giveaways.
6. Professional translation: activity-specific promotional materials, country-specific labeling, and in-country interpretation services in markets outside of North America.
7. Professional matchmaking services in-market.
| Contact Information | Location |
|---|