How much funding can be received?

There is no informations about how much funding can be received.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the Baffin Business Development — Business Counseling?

Baffin Business Development — Business Counseling is funded by Baffin Business Development Corporation (BBDC)

What are Baffin Business Development — Business Counseling's eligibility criterias?

The business must be located in the Baffin region. The project must be commercially viable. The project should create benefits such as jobs and increased business revenues or assets.

Baffin Business Development — Business Counseling

Last Update: January 24, 2025

NU, Canada

Baffin Island business counselling

Baffin Business Development — Business Counseling at a glance

Eligible Funding

No Condition

Timeline

Continuous Intakes

Financing Type

Loans and Capital investments

Eligible Industries

All industries

Grant Providers

Baffin Business Development Corporation (BBDC)

Status

Open

Overview of the Baffin Business Development — Business Counseling program

Receive counselling at all levels of the business cycle to maximize your growth potential, develop plans and expand.

Eligible projects & activities

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.

Examples of admissible projects:

$ 40,000

Develop an e-commerce platform for local artisans

$ 25,000

Implement a renewable energy project to power a community center

$ 35,000

Launch a bilingual counseling service for small businesses

$ 30,000

Develop a comprehensive marketing strategy to increase brand awareness

$ 30,000

Develop a training program for sustainable fishing practices

$ 50,000

Expand the commercial kitchen facilities to increase food production capacity

Eligibility criteria of the Baffin Business Development — Business Counseling program

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 to the Baffin Business Development — Business Counseling program

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.