Indigenous Economic Development Fund — Business and Community Fund
ON, Canada
Grants for Ontario Indigenous businesses, communities and organizations
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- grant_single|noCondition
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- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
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- grant_single|allIndustries
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- Government of Ontario
- Ministry of Indigenous Affairs
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Financial backing for economic capacity-building projects, community projects, and business support services.
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Eligible projects for the Indigenous Economic Development Fund grant include:
- Diversifying Indigenous economies
- Increasing access to employment and training opportunities
- Providing start-up and expansion financing for small and medium-sized businesses
- Supporting financing, skills training, and other economic development initiatives through collaboration between Indigenous communities and the private sector
grant_single|admissibleProjectsExample
$30,000
Vancouver
Expanding an Indigenous-owned coffee shop in Vancouver to include a bakery section.
$18,000
Toronto
Launch of an Indigenous artist cooperative in Toronto focused on digital media and graphic design.
$25,000
Montreal
Start-up financing for a small Indigenous-owned eco-tourism business in Montreal.
$20,000
Ottawa
Expansion financing for an existing Indigenous crafts store in Ottawa to add an online sales platform.
$25,000
Winnipeg
Developing a job training program for Indigenous youth in Winnipeg focused on trades.
$20,000
Calgary
Supporting skill development in software programming for Indigenous youth in Calgary.
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Eligibility Criteria:
- Must be an Indigenous entrepreneur, business, community, or organization
- Projects must focus on diversifying Indigenous economies, increasing access to employment and training opportunities, or providing start-up/expansion financing for small and medium-sized businesses
- Collaborative initiatives between Indigenous communities and the private sector are encouraged
grant_eligibility_criteria|who_can_apply
There are eligible types of companies for this grant. Indigenous entrepreneurs, businesses, communities, and organizations can apply for the Indigenous Economic Development Fund. Eligible companies include:
- Indigenous-owned businesses
- Indigenous communities seeking economic development projects
- Organizations promoting employment opportunities for Indigenous people
grant_eligibility_criteria|eligible_expenses
Eligible expenses for this grant include:
- Start-up and expansion financing for small and medium-sized businesses
- Skills training and other economic development initiatives
grant_single_labels|criteria
There are evaluation and selection criteria for the Indigenous Economic Development Fund. The criteria include:
- Alignment with fund objectives and priorities
- Community benefits and economic impact
- Capacity to implement and sustain the project
- Evidence of partnership and collaboration
- Financial viability and soundness of the project
grant_single_labels|register
- Check the eligibility criteria and requirements for the specific grant
- Prepare all necessary documentation and information
- Submit the application before the specified deadline
Apply to this program
Grant Summary:
The Indigenous Economic Development Fund (IEDF) provides grants and financing to Indigenous entrepreneurs, businesses, communities, and organizations to promote economic development and improve employment opportunities for Indigenous people.
Detailed Explanation of the Indigenous Economic Development Fund (IEDF):
The Indigenous Economic Development Fund (IEDF) is a crucial initiative that supports Indigenous economic growth by providing grants and financing to Indigenous individuals and entities. The fund aims to diversify Indigenous economies, increase access to employment and training opportunities, and provide start-up and expansion financing for small and medium-sized businesses. Through collaboration between Indigenous communities and the private sector, the IEDF facilitates financing, skills training, and other economic development initiatives.
One of the key funding streams under the IEDF is the Economic Diversification Grant, which assists in diversifying Indigenous economies and creating sustainable employment opportunities. Additionally, the Business and Community Fund supports Indigenous entrepreneurs and communities by providing financial resources for business development and community projects. The Regional Partnership Grant fosters collaboration between Indigenous communities and other stakeholders to drive regional economic growth and development.
Moreover, the Indigenous Community Capital Grants Program plays a vital role in funding capital projects that enhance the economic participation of Indigenous communities, both on and off reserve. This program supports projects at various stages, including feasibility studies, design completion, and construction or renovation activities. By investing in community capital projects, the ICCGP contributes to the sustainability and growth of Indigenous communities.
Furthermore, the New Relationship Fund (NRF) focuses on supporting First Nations, Métis communities, and Indigenous organizations in building consultation and engagement capacity, creating jobs, developing business partnerships, and improving economic opportunities. The NRF plays a crucial role in fostering collaboration and economic development initiatives that benefit Indigenous communities.
Overall, the Indigenous Economic Development Fund and its associated programs are essential tools in advancing Indigenous economic prosperity, fostering sustainable development, and creating employment opportunities for Indigenous peoples across Ontario. By providing grants, financing, and support for economic initiatives, the IEDF contributes to the growth and success of Indigenous businesses, communities, and organizations.
