Grant and contribution program
Contributions under the Regional Economic Growth through Innovation program
Atlantic Canada Opportunities Agency · Northern and regional development
In fiscal year 2024–25, Atlantic Canada Opportunities Agency paid out $206 million under Contributions under the Regional Economic Growth through Innovation program, down from $229 million in 2023–24. That is $6.86 per tax filer.
Headline figures
Fiscal year 2024–25
$206M
Down $23.4M from $229M in 2023–24.
Per tax filer uses 29,965,100 tax filers (2023, the latest count published); per person uses a population of 41,162,593 (2024). An allocation of cost, not a tax bill.
Show these figures as a table
| Fiscal year | Spending |
|---|---|
| 2023–24 | $229M |
| 2024–25 | $206M |
Largest recipients
The largest named recipients of payments reported under this program in 2024–25. Location is the recipient's address, which is not always where the money is spent. Recipient payments can differ slightly from the program total above because the Public Accounts report them separately.
| Recipient | Location | Paid | Per tax filer |
|---|---|---|---|
| Payments under $100,000 (509) | Location not stated | $17.9M | $0.60 |
| The University of New Brunswick | Fredericton, New Brunswick | $6.4M | $0.21 |
| Halifax International Security Forum | Washington, District of Columbia | $4.7M | $0.16 |
| 360 Marine Ltd | Harbour Breton, Newfoundland and Labrador | $4.0M | $0.13 |
| Springboard Atlantic Inc | Halifax, Nova Scotia | $3.4M | $0.11 |
| Charlottetown Area Development Corporation | Charlottetown, Prince Edward Island | $2.7M | $0.09 |
| Memorial University of Newfoundland | Corner Brook, Newfoundland and Labrador | $2.6M | $0.09 |
| Tourism Industry Association of Prince Edward Island | Charlottetown, Prince Edward Island | $2.4M | $0.08 |
| Moltex Energy Canada Inc | Saint John, New Brunswick | $2.2M | $0.07 |
| LearnSphere Canada Inc | Fredericton, New Brunswick | $2.2M | $0.07 |
Source and basis
- Detailed information on Transfer Payments, as per the Public Accounts of Canada, retrieved 2026-11-03. Open Government Licence - Canada.
- Recipients: Detailed information on Transfer Payments, as per the Public Accounts of Canada.
- Net expenditures of this transfer payment program in the Public Accounts. It overlaps with program spending, so do not add the two.
← All northern and regional development spendingHow the figures are calculated