The SREDA Regional Economic Development Revitalization Grant is a program created to support municipalities and First Nation governments embarking on economic development initiatives. The program intends to invest $30,000 back into the local economy to ensure our communities are ready when new business and growth opportunities come their way.
SREDA will contribute 75% of the total project cost, up to $10,000. Projects submitted should fit within one of SREDA’s four fundamental areas of economic development. Projects must also have the support of their councils.
SREDA’s Fundamental Areas of Economic Development
- Business Growth
- Regional Collaboration
- Indigenous Economic Reconciliation
Eligible projects include:
- Regional Partnerships & Co-operation
- Business Attraction & Investment Marketing
- Planning & Feasibility Studies
- Strategic & Long Term Planning
- Reconciliation Initiatives
- Economic Inclusion Plans
- Water & Wastewater Studies
- Main Street Revitalization
- Culture & Tourism Initiatives
Ineligible projects include:
- Ongoing operational costs (salary, food & beverage, utilities, rent, etc.)
- Municipal equipment (grader, mower, computer, etc.)
- Road repairs
To be eligible for a grant, applicants must:
- Be a Municipality or First Nation government located within the Saskatoon Region
- Be a SREDA Regional Member at the time the funds are dispersed
- Preference may be given to projects that have not commenced, although projects commencing after September 1st, 2020, are eligible to apply.
Complete and submit the following application. Application deadline: Tuesday, February 2, 2021 at 11:59 p.m.
2. Selection Committee Review
Applications will be reviewed by a Selection Committee and are subject to review and approval by the SREDA Board of Directors.
3. Grant Recipient Announcement
Successful grant recipients will be announced Monday, March 1, 2021. The successful grant recipients will need to submit progress reports to SREDA at the start, mid, and completion of the project. Further details about reporting will be outlined in the Funding Agreement. Grant recipients must also recognize SREDA for their contribution on their website, social media, and/or at their council meetings.
Business in Saskatoon
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Saskatoon is home to the natural resources that feed, fuel and fertilize the world, as well as the innovations that surround these industries.