
First Peoples Economic Growth Fund – Business Contribution Fund
- Open continuously
Overview
Get a non-repayable contribution of up to 30% of eligible costs for start-up, expansion or acquisition of a business that is majority Manitoba First Nation-owned.
At a glance
Funding available
- Complete an acquisition or business transfer
- Reduce environmental footprint
- Develop workforce skills
- Maximum amount : 250,000 $
- Up to 40% of project cost
- Open continuously
Eligible candidates
- Retail trade
- Accommodation and food services
- Other services (except public administration)
- Public administration
- MN
- For-profit business
- Sole proprietorship
- All revenue ranges
- All organization sizes
- Indigenous Peoples
Next steps
Activities funded
This grant supports the start-up, expansion, or acquisition of First Nations businesses in Manitoba, focusing on enhancing economic growth. The eligible projects aim to assist First Nations entrepreneurs with viable business ventures.
- Start-up of new First Nations-owned businesses.
- Expansion of existing First Nations-owned businesses.
- Acquisition of an already established business by a First Nations entrepreneur.
Eligibility
Who is eligible?
This grant is available for projects associated with starting up, expanding, or acquiring a business owned by First Nations in Manitoba. Specific eligibility criteria need to be met, such as having a minimum 10% cash equity, securing at least a 40% commercial loan, and ensuring at least 51% ownership by a First Nation band or member. Application is open to First Nations individuals, communities, or groups in Manitoba with business headquarters located within the province. The grant supports various business activities, except those deemed non-viable or harmful to other enterprises.Who is not eligible
This grant excludes certain companies and industries due to their status or main activity. The restrictions aim to ensure that funds are directed toward viable and ethical business opportunities.
- Bars and establishments primarily focused on alcohol sales.
- Businesses involved in gambling such as those with video lottery terminals (VLTs).
- Sexually exploitive businesses.
- Pawn shops and payday loan businesses.
- Tobacco shops.
- Passive investment businesses, such as real estate or apartment blocks, where the owner is not actively managing the business.
- Businesses that have the potential to significantly harm existing businesses, like opening a second laundromat in a small town that cannot support two.
Eligible expenses
This grant provides non-repayable contributions to support various business initiatives for First Nations businesses in Manitoba. Eligible projects include start-up endeavors, expansions, and acquisitions that demonstrate viability and economic potential.
- Start-up of a new business venture.
- Expansion of an existing business operation.
- Acquisition of a viable business.
Eligible geographic areas
This grant is available to First Nations businesses with headquarters specifically located in Manitoba. Eligible geographical regions focus on areas within the province to enhance economic development for Indigenous communities.
- Businesses with headquarters located in Manitoba.
Additional information
Here are additional relevant details for this grant:
- The fund is supported by Indigenous Services Canada through the National Aboriginal Capital Corporation Association.
- The contribution becomes repayable if the business does not operate as proposed during the control period.
- There is a control period of generally three years during which financial statements and a Business Performance Review must be submitted.
Contacts
Frequently Asked Questions about the First Peoples Economic Growth Fund – Business Contribution Fund Program
What is the First Peoples Economic Growth Fund – Business Contribution Fund?
How much funding can be received?
Who is eligible for the First Peoples Economic Growth Fund – Business Contribution Fund program?
What expenses are eligible under First Peoples Economic Growth Fund – Business Contribution Fund?
Who can I contact for more information about the First Peoples Economic Growth Fund – Business Contribution Fund?
Where is the First Peoples Economic Growth Fund – Business Contribution Fund available?
Is the First Peoples Economic Growth Fund – Business Contribution Fund a grant, loan, or tax credit?
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