The province of Manitoba has announced immediate changes to its Manitoba Provincial Nominee Program-Business (MBNP) stream. It will be now be known as the Business Investment Stream (BIS). It has been split into an Entrepreneur Pathway and a Farm Investor Pathway. I will concentrate on the Entrepreneur Pathway here.
From the government website:
A new business investor stream will give priority to applicants who start a business within the first 12 months of their arrival in Manitoba, particularly those who start a business outside of Winnipeg. Effective immediately, applicants in this stream will no longer be required to submit a deposit to the MPNP. Applicants will instead sign a business performance agreement to purchase an existing business or start a new one, and the MPNP will provide a letter of support for a temporary work permit. These changes will ensure applicants are investing in businesses that create jobs and contribute to Manitoba’s economy, the minister added.