{"id":170355,"date":"2025-09-26T10:05:11","date_gmt":"2025-09-26T10:05:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/170355\/"},"modified":"2025-09-26T10:05:11","modified_gmt":"2025-09-26T10:05:11","slug":"manitoba-offers-new-loan-program-as-part-of-new-economic-development-plan","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/170355\/","title":{"rendered":"Manitoba offers new loan program as part of new economic development plan"},"content":{"rendered":"

The Manitoba government is changing some business tax credits and offering a new loan program as part of its plan to boost economic development.<\/p>\n

Premier Wab Kinew says the government is converting parts of its Manufacturing Investment Tax Credit into an immediate retail sales tax exemption on new machinery and equipment.<\/p>\n

The change means manufacturers will save the money up front instead of waiting for a credit reimbursement.<\/p>\n

The government is also launching a $50-million loan program for businesses that invest in productivity enhancements such as new equipment and technology.\u00a0<\/p>\n

Kinew told the Manitoba Heavy Construction Association he would like to see Manitoba become a “have” province by 2040 and no longer rely on equalization payments from the federal government.<\/p>\n

The annual payments are aimed at helping poorer provinces, and Manitoba traditionally receives more per-capita funding than any other province west of New Brunswick.<\/p>\n

Kinew’s economic vision includes expansion at the Port of Churchill, which the federal government is considering, and a trade corridor with the other Western provinces.<\/p>\n

\"\"<\/p>\n

Premier unveils economic strategy aimed at making Manitoba a ‘have’ province<\/p>\n

Premier Wab Kinew pitched his government’s economic development strategy to business leaders on Thursday, saying it will improve Manitoba’s gross domestic product and make it a “have” province by 2040, but opposition politicians say the plan lacks details.<\/p>\n","protected":false},"excerpt":{"rendered":"The Manitoba government is changing some business tax credits and offering a new loan program as part of…\n","protected":false},"author":2,"featured_media":170356,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,46],"class_list":["post-170355","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-ca","tag-canada","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/170355","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=170355"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/170355\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/170356"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=170355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=170355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=170355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}