OTTAWA — The federal government has launched the Canada Digital Adoption Program (CDAP) to help small- and medium-sized businesses grow their online presence and upgrade or adopt digital technologies. This investment, which will provide $4 billion over four years, will support up to 160,000 small businesses and create middle-class jobs across the country.
Under the CDAP, businesses will be able to apply for grants and loans online. This funding will help them leverage e-commerce opportunities, upgrade or adopt digital technologies and digitize their operations to stay competitive and meet their customers’ needs. Depending on size, needs and goals, businesses can apply through the Grow Your Business Online or Boost your Business Technology.
“Small businesses have shown incredible resilience over the last two years as they have faced unprecedented challenges from the pandemic. Supporting them has been – and will continue to be – a top priority for our government,” says Prime Minister Justin Trudeau. “That’s why we’re launching the CDAP to empower small business with the digital tools they need, while helping them create good jobs, particularly for young Canadians.”
“Canada’s small- and medium-sized businesses need more tools, more resources and more financing to go digital,” says Isabelle Hudon, president and CEO, Business Development Bank of Canada. “This is what our clients shared with us and the reason why BDC is so pleased to be part of the CDAP and offer advice and zero-per-cent-interest loans to entrepreneurs, helping them meet their clients’ evolving needs. This is an investment in Canada’s future competitiveness and growth.”