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FAQs
Have you heard about the Atlantic Canada Opportunities Agency (ACOA) but are not sure who we are and what we do? This will put you on the right track. If your question is not listed here, let us know.
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Q. How does ACOA help grow the economy?A. ACOA helps local businesses grow by helping them diversify, export and innovate. We work with communities and organizations by supporting projects that help build strong local economies. We encourage companies and researchers to work together to develop and sell new or improved products and services. You can learn more by visiting our Programs and initiatives page.
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Q. What is the Atlantic Canada Opportunities Agency?A. ACOA is one of seven regional development agencies across Canada. It is a Government of Canada department that focuses on growing the economy in Atlantic Canada. We work with businesses, community leaders and researchers to create jobs and build strong and inclusive communities by fuelling growth, export and innovation.
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Q. Can ACOA help me develop a business plan?A. Yes, we have a guide for that! You can also contact ACOA Business Information Services. We have thousands of templates you can use to get started. We can also help by: reviewing your business plan and providing feedback researching the market finding business opportunities
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Q. What kind of funding does ACOA offer?A. ACOA has different types of financial aid: repayable (unconditionally or conditionally) and non-repayable. Unconditionally repayable: must be refunded whether the project succeeds or not. Conditionally repayable: must be refunded based on conditions included in your contribution agreement* (such as reaching certain goals). Non-repayable: no refund required as long as you respect the terms and conditions in the contribution agreement.* *A contribution agreement is a contract signed by ACOA and a client receiving funding. It sets out the terms and conditions under which we provide financial assistance, including the terms of repayment, if any
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Q. What kind of help is available to start a new business?A. ACOA has several programs for new businesses. If you have a great idea for a new product or service, check out the programs available to you. You can also contact ACOA Business Information Services, our one-stop information shop, which can offer: thousands of templates for new businesses market research information on regulations and much more!
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