Metis Economic Development Fund (MEDF) – Investing
MN, Canada
Equity investment partnerships for businesses in Manitoba
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|closingDateMay 17, 2024
- grant_single|grantStatusClosed
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Metis Economic Development Fund (MEDF)
grant_single|status
grant_card_status|closed
grant_single_labels|preview
Access equity investments ranging between $20,000 - $500,000 if your Metis-owned or controlled business is in the growth, expansion, or acquisition phase.
grant_single_labels|terms_and_conditions
The Metis Economic Development Fund (MEDF) – Investing is designed to enhance business development for Red River Métis entrepreneurs by offering equity investments and debt financing to support growth initiatives. Through this fund, structured financial assistance is available to bolster the economic success of the Métis business community.
- Equity investments in businesses to facilitate expansion and strengthening of Métis enterprises.
- Debt financing arrangements available to eligible Métis businesses.
- A focus on long-term financial partnerships with Métis-owned businesses.
grant_single_labels|projects
The Red River Métis Business Development Corporation focuses on allocating resources to Red River Métis businesses and entrepreneurs. Activities eligible for this grant involve financial investments and support structured towards their business needs.
- Equity financing for business growth and expansion.
- Debt financing arrangements to support operational needs.
- Development and implementation of customized business support services.
grant_single|admissibleProjectsExample
$ 300,000
Opening a Metis Art Gallery and Education Center
$ 140,000
Development of a Metis Traditional Craft Workshop
$ 240,000
Creation of a Metis Cultural Center
$ 370,000
Acquisition of a Metis Bakery
$ 200,000
Expansion of the Red River Metis Tourism Cooperative
$ 160,000
Launching a Metis-owned organic farm
grant_single_labels|admissibility
Eligibility for support from the Red River Métis Business Development Corporation is centered around the needs of Red River Métis businesses and entrepreneurs.
- Applicants must be Red River Métis business owners or entrepreneurs.
- Applicants should represent businesses in urban or rural areas across various economic sectors.
- The business or entrepreneurial activities must align with the economic interests of the Red River Métis community.
grant_eligibility_criteria|who_can_apply
The Red River Métis Business Development Corporation (RRMBDC) supports Red River Métis businesses and entrepreneurs, focusing on those part of the Red River Métis community. The criteria for evaluation and selection are not explicitly detailed in the provided context. However, the emphasis is on projects that align with the Red River Métis business community's growth and development goals. Eligibility generally extends to Red River Métis business owners and entrepreneurs who are looking to expand, innovate, or enhance their operations. The RRMBDC offers equity financing and other supports as per the needs identified by consultations with the Red River Métis businesses.
grant_eligibility_criteria|eligible_expenses
The Red River Métis Business Development Corporation (RRMBDC) supports activities that enhance economic development for Red River Métis businesses. These initiatives aim to provide financial investment, expand business services, and establish associations for business excellence recognition.
- Equity and debt financing for Red River Métis businesses and entrepreneurs.
- Expansion of services and supports tailored to Red River Métis business needs.
- Formation and support of the Red River Métis Business Association with $150,000 in funding.
- Guidance from an Advisory Group representing diverse Red River Métis economic sectors.
grant_eligibility_criteria|zone
The geographical eligibility for this grant is focused on supporting the Red River Métis business community. It is presumed that companies within areas significant to the Red River Métis interests such as Manitoba, Canada are eligible.
- Businesses based in Manitoba, Canada.
grant_single_labels|otherInfo
The Red River Métis Business Development Corporation (RRMBDC) aims to support over 1,000 Red River Métis business owners and entrepreneurs, with a focus on enhancing collective economic interests through various forms of financial and advisory support.
- The RRMBDC holds over $5.2 million in equity investments and debt financing in 20 businesses.
- The newly launched Red River Métis Business Association will be supported with $150,000 by the MMF.
- The RRMBDC is under full control of the MMF and will expand its services in response to the needs of Red River Métis businesses.
- The Finance Officer position is open for application till July 28, 2024.
- The RRMBDC is a proud affiliate of the Manitoba Métis Federation (MMF).
grant_single_labels|contact
204-589-0772
Apply to this program
Red River Métis Business Development Grant: A Catalyst for Growth
The newly launched Red River Métis Business Development Corporation (RRMBSDC) is offering robust support for Red River Métis businesses, aimed at sparking economic development and sustaining growth. This initiative is rooted in the rich history of Métis economic prowess and seeks to reinvigorate that tradition by delivering targeted financial services and strategic support.
Empowering Red River Métis Entrepreneurs with Strategic Financial Support
The Red River Métis Business Development Corporation (RRMBSDC), as proudly announced by the Manitoba Métis Federation (MMF), serves as a strategic facilitator in the financial development of Métis-owned businesses. This venture marks a significant progression in nurturing entrepreneurial ambitions among the Red River Métis community, leveraging its historical economic contributions as a foundation for future prosperity. By harnessing an impressive range of financial instruments, namely equity investments and debt financing, the RRMBSDC aims to empower over 1,000 Métis entrepreneurs with the fiscal resources needed to thrive in today’s competitive markets.
Structured to promote sustainable growth, the RRMBSDC operates under the full management of the MMF, ensuring that all investments reflect the strategic priorities of the Métis community. This includes direct ownership of the previous Métis Economic Development Fund’s assets, managing over $5.2 million across 20 business initiatives, thus providing a practical platform for burgeoning businesses to scale operations effectively. This strategic control allows the RRMBSDC to expand its services in line with ever-evolving business demands, ensuring that support remains current and impactful.
A key element of this initiative is the establishment of the Red River Métis Business Association, with an initial funding commitment of $150,000 from the MMF. Administered by the RRMBSDC, this association is poised to be a cornerstone in fostering networking and collaborative opportunities amongst Métis businesses. Through the Advisory Group that spans urban and rural representatives across diverse sectors, the initiative ensures inclusive representation of the diverse economic interests within the Métis community.
Moreover, the significance of this development extends beyond financial metrics. By investing in the human capital of the Métis community, the RRMBSDC not only aims to fortify businesses but also seeks to enhance the socio-economic welfare of Métis families. Job creation within the corporation, through opportunities such as the Finance Officer position in Winnipeg, further emphasizes the commitment to employ Métis talents, thereby maintaining a cycle of communal growth and resilience.
This holistic approach signifies more than mere economic support—it is a reaffirmation of the Métis role as a key economic engine within Manitoba and beyond. The corporation’s initiatives, such as hosting the Red River Métis Business Expo, underlines the vibrancy of the Métis business landscape and its readiness to engage with wider market opportunities. The event drew significant participation and showcased the entrepreneurial spirit that has long defined the Métis community, reaffirming their position as dynamic contributors to Canada’s economic ecosystem.
With the RRMBSDC steering such a transformative agenda, the prospects for Métis businesses are not only promising but indicative of a highly strategic effort to reclaim and surpass historical economic benchmarks. Its establishment marks a pivotal moment in Métis economic resurgence, setting a powerful precedent for indigenous-led enterprise development in Canada.
Ultimately, the Red River Métis Business Development Corporation stands as a beacon for Métis pride and enterprise. Through structured support initiatives, it is paving the way for long-lasting economic empowerment, ensuring that Métis entrepreneurs can contribute meaningfully to the broader Canadian economic tapestry. This grassroots approach to economic development underscores the importance of cultural integrity, economic innovation, and communal resilience, which together lay a sturdy foundation for future growth and prosperity.
