Exporter: To trade or sell goods or commodities into another country. Shipments from Canada to USA and abroad are considered exported goods.
Full-time Employee: A full time employee is a person who works directly for the applicant company, works a minimum of 35 hours per standard week and is paid through company payroll throughout the lifecycle of the project. A company must have a minimum of 15 employees and maximum of 1,000 employees per corporation.
Incurred Expense: An incurred cost is the sum of actual and committed costs, whether invoiced/paid or not. An issued purchase order is considered an incurred cost.
Manufacturing: Any natural or legal person who makes a physical good with tools and/or machines by effecting chemical, mechanical, or physical transformation of materials, substances, or components, or by simulating natural processes, usually repeatedly and on a large scale with a division of labor. Manufactured items often are, or are made out to be, different from other similar goods in one or more aspects, and are sold commonly under a particular brand name.
Small - Medium Size Enterprise (SME): For the purpose of the SMART Program, a SME is a manufacturing company located in southern Ontario with 15 - 1,000 employees per corporation.