Small Business Support Program — Entrepreneur Development Fund
NU, Canada
Financing for business training and aftercare in Nunavut
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|closingDateMarch 31, 2022
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Retail trade
- Arts, entertainment and recreation
- Other services (except public administration)
- Public administration
grant_single|grantors
- Department of Economic Development and Transportation (NU)
- Government of Nunavut
grant_single|status
grant_card_status|closed
grant_single_labels|preview
Get up to $100,000 to cover up to 80% of the costs of business training and skills development including accounting, bookkeeping, business start-up, tourism safety and risk management. You can also benefit from help in establishing business aftercare prog
grant_single_labels|projects
Below are the eligible activities for the Small Business Support Program:
- New business attraction and retention
- Business expansion and support
- Support for artist and craftspeople
- Retail business investments
- Tourism-related projects
- Harvesting initiatives
grant_single|admissibleProjectsExample
$44,000
Toronto
Provide aftercare services for pandemic-affected businesses
$24,000
Montreal
Support for local artists to enhance their online presence
$44,000
Halifax
Launch a bookkeeping and accounting service for small businesses
$44,000
Vancouver
Expansion of retail boutique focusing on sustainable fashion
$40,000
Ottawa
Launch a business development program for Indigenous artists
$48,000
Calgary
Develop a tourism safety program for new adventure tours
grant_single_labels|admissibility
The Small Business Support Program provides funding to small businesses, community organizations, and individuals for business attraction, retention, expansion, and support. Eligibility criteria include businesses or entrepreneurs with less than $500,000 in gross sales, fewer than ten employees, and no outstanding obligations with the Department of Economic Development and Transportation.
- Businesses with less than $500,000 in gross sales or fewer than ten employees
- No outstanding obligations with the Department of Economic Development and Transportation
grant_eligibility_criteria|who_can_apply
Small businesses or entrepreneurs with less than $500,000 in gross sales or fewer than ten employees are eligible for this grant. The funding is available to businesses from sectors such as artist, craftspeople, retail, tourism, and harvesters.
- Businesses with less than $500,000 in gross sales
- Businesses with fewer than ten employees
- Artists and craftspeople
- Retail businesses
- Tourism businesses
- Harvesters
grant_eligibility_criteria|who_cannot_apply
Some types of companies may not be eligible for this grant. The eligibility criteria may exclude certain industries or entities. Please refer to the specific guidelines for detailed information.
- Companies with gross sales exceeding $500,000
- Companies with more than ten employees
- Companies that are not in good standing or have outstanding obligations with the Department of Economic Development and Transportation
grant_eligibility_criteria|eligible_expenses
The Small Business Support Program provides funding to subsidize eligible business expenses including insurance or licensing fees, office rentals, utilities, and non-refundable business expenses for goods affected by the pandemic.
- Insurance or licensing fees
- Office rentals
- Utilities
- Non-refundable business expenses for goods affected by the pandemic
grant_single_labels|criteria
The Small Business Support Program in Nunavut has specific evaluation and selection criteria for grant applications. These criteria include:
- Applicant's demonstration of how their business has been affected by the pandemic
- Good standing without outstanding obligations with the Department of Economic Development and Transportation
- Expense eligibility: subsidizing specific business expenses related to the pandemic
- Limitations on fund usage: cannot compensate for lost income, tax remittances, loan payments, or owner drawings
- Subsidized costs must be incurred between November 1, 2021, and March 31, 2022
grant_single_labels|register
- Step 1: Ensure eligibility and good standing
- Businesses or entrepreneurs with less than $500,000 in gross sales or fewer than ten employees can apply.
- Applicants must have no outstanding obligations with the Department of Economic Development and Transportation.
- Step 2: Prepare application package
- Complete the Small Business Support Program Application.
- Include a brief explanation of how the business has been affected by the pandemic.
- Step 3: Submit application
- Send the completed application package to local Community Economic Development Officers or Regional Community Operations Office.
- Applications are accepted until March 31, 2022.
grant_single_labels|contact
867-982-7445
Apply to this program
