The federal government is now accepting applications for its recently announced Regional Tariff Response Initiative.

It has set aside $450 million nationally for the program.

The initiative is part of a broad set of tariff support measures.

“Atlantic businesses know how to adapt. With the Regional Tariff Response Initiative now open for applications, we’re supporting the sectors feeling the most pressure so they can manage costs, keep people working, and stay competitive as trade rules evolve. This is about protecting good jobs here at home and building a more resilient regional economy,” says Minister responsible for the Atlantic Canada Opportunities Agency Sean Fraser.

The government says it will benefit small to medium-sized enterprises as they deal with trade shocks, open doors to new markets, boost productivity, and strengthen domestic supply chains.

ACOA officials will host information sessions in the coming weeks to guide Atlantic Canadian businesses on the program and application process.