How much funding can be received?

Funds up to 50% of admissible expenses, capped at $300000 per project.

What is the deadline to apply?

The deadline to apply is not specified.

First Peoples Economic Growth Fund – Community Economic Expansion Program

MN, Canada

Funding to create jobs for Manitoba First Nations

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Loans and Capital investments

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First Peoples Economic Growth Fund Inc. (FPEGF)

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Get a repayable, interest-free loan up to $300,000 or 50% of the cost to start a new business, purchase an existing business, or upgrade your existing business. The intent is to provide for the creation of wealth and jobs for First Nations.

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There are eligible projects and activities for this grant:

Starting a new business
Purchasing an existing business
Upgrading or expanding an existing business

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$300,000

Vancouver

Launching an eco-friendly cafe in Vancouver with a focus on sustainable dining.

$250,000

Calgary

Purchasing an existing organic farm in Calgary to enhance local food supply.

$300,000

Halifax

Expanding a local craft brewery in Halifax to increase production capacity.

$300,000

Toronto

Starting a tech startup in Toronto focused on developing AI-driven healthcare solutions.

$225,000

Edmonton

Purchasing an existing automotive repair shop in Edmonton to modernize its operations.

$275,000

Montreal

Upgrading a community theatre in Montreal to offer more diverse performances.

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Applicants must contribute cash equity or equivalent to a minimum of 10% of the total project costs. Businesses funded under this program must have a profit objective, be reputable and appropriate in nature, primarily operate in Manitoba, and be at least 51% owned and controlled by Manitoba First Nations.

Provide a sound business plan that demonstrates viability of the business.
Contribute cash equity or equivalent to a minimum of 10% of the total project costs.
Business projects deemed higher risk will require a greater level of equity contribution.
Primarily operate in Manitoba.
Be at least 51% owned and controlled by Manitoba First Nations.

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Small and medium-sized viable businesses owned by a Manitoba First Nation are eligible for this grant. The businesses must be at least 51% owned and controlled by Manitoba First Nations.

Startups
Expansions
Acquisitions

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Based on the grant criteria, businesses that do not meet the following requirements are not eligible for this grant:

Not-for-profit projects will not be considered.

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Yes, eligible expenses for this grant include:

Startup costs
Working capital
Project costs

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There are evaluation and selection criteria for this grant. Applicants must provide a sound business plan demonstrating viability, contribute a minimum of 10% equity, have a profit objective, primarily operate in Manitoba, and be at least 51% owned and controlled by Manitoba First Nations.

Sound business plan demonstrating viability
Minimum 10% equity contribution
Profit objective
Primarily operate in Manitoba
At least 51% owned and controlled by Manitoba First Nations

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Step 1: Prepare a sound business plan that demonstrates the viability of the business.
Step 2: Contribute cash equity or equivalent to a minimum of 10% of the total project costs.
Step 3: Submit the completed Community Economic Expansion Loan Application form in either PDF or Word format.
Step 4: Ensure that the business is at least 51% owned and controlled by Manitoba First Nations.
Step 5: Await loan approval based on the eligibility criteria and the loan terms and conditions.

Apply to this program

Community Economic Expansion Grant

Community Economic Expansion Grant Overview

The Community Economic Expansion Grant is designed to support Manitoba First Nation community-owned businesses in startup, expansions, or acquisitions. Eligible businesses may receive loans of up to $300,000 or 50% of the total project costs, with the possibility of up to $75,000 forgiveness if specific conditions are met. The program aims to foster the creation of wealth and jobs for First Nations in Manitoba. This grant offers interest-free loans repayable over a maximum term of 10 years (20 years for buildings) to assist small and medium-sized viable businesses owned by Manitoba First Nations. Applicants must provide a comprehensive business plan demonstrating the viability of the business, contribute a minimum of 10% of the total project costs in cash equity or equivalent, and ensure that at least 51% of the business is owned and controlled by Manitoba First Nations. Business assets will be registered as security for the loan, and funds can be used for starting a new business, purchasing an existing one, or upgrading/expanding an existing business, excluding refinancing purposes. The text continued with a detailed explanation of various aspects of the Community Economic Expansion Grant program, including eligibility criteria, funding nature, loan terms, loan purposes, and application procedures. ... This comprehensive guide provides insights into the criteria for loan approval, the importance of a profit objective, the necessity of a sound business plan, and the requirement for business projects to primarily operate in Manitoba. With a spotlight on economic growth and sustainability, businesses supported by this program are expected to contribute to the economic development of First Nations communities in Manitoba.