Small Business Support Program — Entrepreneur Development Fund
- Open Date : November 1, 2021
- Closing date : March 31, 2022
Overview
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
At a glance
Funding available
- Develop workforce skills
- No Condition
- Open Date : November 1, 2021
- Closing date : March 31, 2022
Eligible candidates
- Retail trade
- Arts, entertainment and recreation
- Accommodation and food services
- Other services (except public administration)
- Public administration
- Kugluktuk
- Nunavut
- Non-profit
- Public or Parapublic institution
- For-profit business
- Sole proprietorship
- $ 500,000 maximum revenue
- 10 employees maximum
- Rural or Northern Residents
- Startups
- Culture and Arts
- Economic, Social and Community Development
- Employment and Training
- Rural / Remote communities
- Business owners / entrepreneurs
- Artists / creatives
- All structures
- Local
- Regional
Next steps
Activities funded
This grant supports activities aimed at assisting small businesses and entrepreneurs through skill development and operational support. The eligible activities focus on training, business planning, and enhancing operational capabilities.
- Training in accounting, bookkeeping, and business start-up strategies.
- Tourism safety and risk management training.
- Development of business and marketing plans.
- Support for new pilot projects and business wind-down planning.
- Establishment of business aftercare programs.
- Addressing immediate legal or bookkeeping issues.
- Purchasing tools and minor capital items for business operation.
Eligibility
Who is eligible?
Businesses or entrepreneurs with less than $500,000 in gross sales or fewer than ten employees. All sectors, including artists, craftspeople, retail, tourism, and harvesters, are eligible. Applicants must be in good standing with no outstanding obligations to the Department of Economic Development and Transportation.
Who is not eligible
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
Eligible expenses
Eligible expenses for the Small Business Support Program include essential operational costs incurred by businesses due to the pandemic.
- Insurance or licensing fees.
- Office rentals.
- Utilities.
- Non-refundable business expenses for goods that are unusable due to the pandemic.
Eligible geographic areas
This grant is available to businesses and entrepreneurs in the regions of Nunavut, focusing on enhancing local economic development. Funding is accessible to those who operate within specified areas covered by the regional economic development offices.
- Kitikmeot Region
- Kivalliq Region
- North Baffin Region
- South Baffin Region
Additional information
Here are additional relevant details for this grant:
- The funding application deadline is March 31, 2022, emphasizing the urgency for applicants to submit their packages promptly.
- Eligible expenses must have been incurred within the specified period from November 1, 2021, to March 31, 2022, which is critical for planning financial documents.
- Applicants must ensure they are in good standing with the Department of Economic Development and Transportation, which can streamline the approval process.
- Submissions can be made through local Community Economic Development Officers, providing localized support and potentially personalized assistance for applicants.
Contacts
Frequently Asked Questions about the Small Business Support Program — Entrepreneur Development Fund Program
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