How much funding can be received?

There is no informations about how much funding can be received.

What is the deadline to apply?

The program is accepting continuous intake

Who are the financial supporters of the Metis Economic Development Fund (MEDF) – Investing?

Metis Economic Development Fund (MEDF) – Investing is funded by Metis Economic Development Fund (MEDF)

What are Metis Economic Development Fund (MEDF) – Investing's eligibility criterias?

The applicant must be a Red River Métis business or entrepreneur. The business should be seeking equity financing or debt financing solutions.

Metis Economic Development Fund (MEDF) – Investing

Last Update: March 21, 2025

MN, Canada

Equity investment partnerships for businesses in Manitoba

Metis Economic Development Fund (MEDF) – Investing at a glance

Eligible Funding

No Condition

Timeline

Closing date : May 17, 2024

Financing Type

Loans and Capital investments

Eligible Industries

All industries

Grant Providers

Metis Economic Development Fund (MEDF)

Status

Closed

Overview of the Metis Economic Development Fund (MEDF) – Investing program

Access equity investments ranging between $20,000 - $500,000 if your Metis-owned or controlled business is in the growth, expansion, or acquisition phase.

Financing 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.

Eligible projects & activities

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.

Examples of admissible projects:

$ 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

Eligibility criteria of the Metis Economic Development Fund (MEDF) – Investing program

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.

Who is eligible?

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.

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.

Eligible geographic areas

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.

How to apply to the Metis Economic Development Fund (MEDF) – Investing program

Preparing the Application

Prepare an updated CV highlighting your relevant skills and experiences for the Finance Officer position.
Write a personalized cover letter explaining your interest in the role and how your skills would meet the needs of the organization.

Submitting the Application

Send your CV and cover letter via email to the following address: jobs@mmf.mb.ca.

Additional information

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).

Contact Metis Economic Development Fund (MEDF)

204-589-0772

Apply to this program

Financing for Manitoba First Nations projects