Baffin Business Development — Business Counseling
At a glance
- No Condition
- Unspecified
- All industries
Overview
Receive counselling at all levels of the business cycle to maximize your growth potential, develop plans and expand.
Activities funded
The Baffin Business Development Corporation supports activities that drive business growth and enhance the economic landscape of the Baffin region. Eligible projects are those that involve business startup, expansion, acquisition, and provide business counselling services at various stages.
- Business startup initiatives that demonstrate commercial viability.
- Business expansion projects that aim to increase revenues and assets.
- Business acquisition efforts capable of creating new job opportunities.
- Business counseling services that assist in various phases of the business cycle.
Eligibility
Eligibility for this grant requires meeting specific criteria related to the business's location, commercial viability, and potential benefits to the region.
- The business must be based in the Baffin region.
- The project must be commercially viable.
- The proposed project should create benefits, such as job creation and increased business revenues and assets.
Who is eligible?
The Baffin Business Development Corporation (BBDC) supports new and existing businesses capable of repaying loans and creating benefits such as jobs, increased revenues, and assets in the Baffin region. Eligible applicants include businesses that meet these criteria.
Eligible expenses
This grant provides financial assistance to business projects that aim to establish, expand, or acquire commercial operations in the Baffin region. Eligible activities should contribute to local economic development through job creation and revenue growth.
- Business start-up initiatives in the Baffin region.
- Expansion of existing businesses to increase capacity and market reach.
- Acquisition of businesses to maintain or enhance local economic activity.
Eligible geographic areas
This grant is available exclusively to companies that are located in the Baffin region. The focus is on supporting businesses that can contribute to regional development by creating jobs and increasing revenues.
- Businesses based in the Baffin region.
How to apply
Contact BBDC for Application Form
- Call BBDC at 867.979.1303 to request the application form for financial assistance.
- Alternatively, you may reach out via fax at 867.979.1508 as an option to request the form.
Complete Application Form
- Fill out the application form with accurate and detailed information about your business.
- Ensure all required fields are completed and all necessary details pertinent to your business project are included.
Gather Supporting Documents
- Prepare any financial statements, business plans, or other documents that support your application.
- Include evidence of commercial viability and potential benefits such as job creation or increased business revenue.
Submit Completed Application
- Submit the completed application form along with all supporting documents to BBDC.
- Ensure submission is made before any specified deadlines.
Follow Up with BBDC
- Contact BBDC to confirm the receipt of your application.
- Inquire about next steps in the review process and approximate timelines for a decision.
Additional information
The Baffin Business Development Corporation (BBDC) provides financial assistance for business start-up, business expansion, and business acquisition in the Baffin region. It also offers business counseling services and has cooperative partnerships with several organizations.
- Loans must be repaid.
- Eligible projects must be commercially viable.
- Projects should create benefits such as jobs and increased business revenues and assets.
- BBDC provides business counseling at all stages of the business cycle.
- Cooperative partnerships include Nunavut Business Credit Corporation, Kakivak Association, the Department of Economic Development & Transportation, Atuqtuarvik Corporation, CanNor, and the Business Development Bank Canada.
- Contact information: T 867.979.1303, F 867.979.1508.
Contacts
Frequently Asked Questions about the Baffin Business Development — Business Counseling Program
What is the Baffin Business Development — Business Counseling?
How much funding can be received?
What expenses are eligible under Baffin Business Development — Business Counseling?
What is the deadline to apply?
Is the Baffin Business Development — Business Counseling a grant, loan, or tax credit?
Who are the financial supporters of the Baffin Business Development — Business Counseling?
Who is eligible for the Baffin Business Development — Business Counseling program?
Who can I contact for more information about the Baffin Business Development — Business Counseling?
Where is the Baffin Business Development — Business Counseling available?
Are Indigenous Peoples eligible for the Baffin Business Development — Business Counseling program?
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