Economic Development Fund — Tier 1

Yukon businesses looking to strengthen their operations or test new ideas can find meaningful support through the Economic Development Fund — Tier 1. Designed for early-stage or smaller-scale projects, this program helps entrepreneurs and established businesses move forward with initiatives that improve how they operate, compete, and grow in the territory’s unique economic environment. Whether you’re refining a business plan, exploring a new market, or investing in tools that make your operations more sustainable, this fund is meant to reduce the financial barrier to getting started.

Administered by the Yukon Department of Economic Development, Tier 1 funding focuses on practical projects that build long-term resilience. This can include innovation and planning activities, market research and promotion, or targeted investments that enhance business capacity. Funding support can reach up to about $30,000 and is non-repayable, helping cover a portion of eligible project costs while encouraging businesses to contribute to their own growth. The program is open to a wide range of industries and is especially relevant for businesses aiming to diversify Yukon’s economy or become more competitive.

Applications are typically accepted on an ongoing basis, making timing more flexible for business owners. Reviewing the full program details can help determine how this funding could support your next business step.