Kakivak Association — Economic Opportunity Fund
grant_single|update January 24, 2025
NU, Canada
Money for tourism-based businesses in the Qikiqtani Region, Nunavut
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
grant_single|deadlines
- grant_single|openingDate July 9, 2024
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Retail trade
- Arts, entertainment and recreation
- Accommodation and food services
- Other services (except public administration)
grant_single|grantors
- Kakivak Association
grant_single|status
grant_card_status|open
grant_single_labels|preview
Get up to $10,000 in grant funding for new equipment, safety gear, and marketing initiatives for your tourism-based business.
grant_single_labels|terms_and_conditions
The Economic Opportunity Fund (EOF) provides annual grant funding to support tourism-based projects in specific communities within the Qikiqtani Region. EOF grants can be used independently or in combination with other financing to support larger initiatives.
- Annual grant funding of up to $10,000 available for each eligible applicant and project.
- Grants can be combined with other financing options to fund larger projects.
grant_single_labels|projects
The Economic Opportunity Fund grant focuses on supporting tourism-based businesses in communities adjacent to National Parks in the Qikiqtani Region. The eligible activities include acquiring new equipment, improving safety measures, and enhancing marketing efforts to boost local tourism businesses.
- Purchase of new equipment needed for tourism-related activities.
- Acquisition of safety gear to ensure the safety of operations and clientele.
- Development and implementation of marketing initiatives to attract more visitors.
grant_single|admissibleProjectsExample
$ 9,000
Non-profit to upgrade office equipment for tourism information center
$ 10,000
Develop a strategic business plan for Arctic Adventure Co to attract international tourists
$ 10,000
Set up a cultural heritage center with interactive exhibits
$ 10,000
Purchase new adventure sports equipment to expand service offerings for EcoTour Tours
$ 10,000
Implement a specialized culinary tourism program
grant_single_labels|admissibility
The eligibility criteria for Kakivak's business development grants focus on the ownership and location of the businesses as well as the type of project or purchase being proposed.
- The business must be Inuit owned.
- The business must be located in the Qikiqtani Region.
- For Makigiaqvik Loans and Sivummut Grants, the purpose must be to establish or expand a business.
- For Small Tool Grants, the applicant must be an artist or craftsperson.
- Small Tool Grants are available once every five years for carving tools or once per lifetime for sewing machines.
- For Economic Opportunity Fund (EOF) grants, the business must be tourism-based and located in one of the six specific communities adjacent to the National Parks in the Qikiqtani Region: Grise Fiord, Resolute Bay, Arctic Bay, Pond Inlet, Qikiqtarjuaq, and Pangnirtung.
- EOF projects can include new equipment, safety gear, and marketing initiatives.
grant_eligibility_criteria|who_can_apply
Inuit individuals or organizations owning businesses within the Qikiqtani Region are eligible to apply for various funding programs offered by Kakivak's Business Services Department. These programs include support for business start-up, expansion, and tool acquisition, aimed at creating successful Inuit-owned enterprises. Specific programs also cater to tourism-based businesses in certain communities for economic opportunities related to national parks.
grant_eligibility_criteria|who_cannot_apply
This context does not provide specific exclusions or restrictions regarding which types of companies or industries are not eligible for the grants offered. It focuses on supporting Inuit owned businesses in specific regions.
grant_eligibility_criteria|eligible_expenses
This grant supports economic development projects and business growth within the Inuit owned businesses in the Qikiqtani Region. Eligible activities cater to various business needs, from startup costs to industry-specific tool acquisition.
- Financing for business start-up or expansion.
- Assistance for artists and craftspeople to purchase carving tools.
- Support for acquiring sewing machines for craftspeople.
- Funding for tourism-related businesses in proximity to National Parks for equipment, safety gear, or marketing.
grant_eligibility_criteria|zone
This grant is designated for tourism-based businesses operating in specific communities adjacent to the National Parks in the Qikiqtani Region. The identified areas ensure support for economic development within these strategic locations.
- Grise Fiord
- Resolute Bay
- Arctic Bay
- Pond Inlet
- Qikiqtarjuaq
- Pangnirtung
grant_single_labels|criteria
The evaluation and selection criteria for this grant are not explicitly mentioned in the application document.
grant_single_labels|apply
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grant_single_labels|otherInfo
This application for business funding from the Kakivak Association targets Inuit-owned businesses in the Baffin Region of Canada and mandates several requirements for submission, including financial and legal documentation.
- Applicants must provide a minimum of 10% equity toward total project costs.
- The Kakivak Association may conduct credit checks and inspect the applicant's financial records.
- Annual financial statements for the previous three years must be submitted for existing businesses.
- A letter of support from the local Hamlet or Hunter and Trappers’ Association is recommended.
- Applications for different project cost ranges require varying levels of business plan detail.
grant_single_labels|contact
867-979-0911
Apply to this program
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