Support for Entrepreneurs and Economic Development (SEED) — Community Economic Development
Last Update: January 24, 2025
NT, Canada
Funding for economic initiatives in the Northwest Territories
Support for Entrepreneurs and Economic Development (SEED) — Community Economic Development at a glance
Eligible Funding
- Max. $25,000
- Up to 30% of project cost
Timeline
- Open Date : April 1, 2024
- Closing date : March 31, 2025
Financing Type
Grant and Funding
Eligible Industries
- All industries
Grant Providers
- Minister of Industry, Tourism and Investment (NWT)
- Government of the Northwest Territories
Status
Closed
Overview of the Support for Entrepreneurs and Economic Development (SEED) — Community Economic Development program
Associations, band and community councils can apply for up to $25,000 in financial assistance for feasibility plans, infrastructure development, industry strategic plans, events and more.
Financing terms and conditions
This grant provides financial assistance to support various economic development activities within local communities, ensuring that key initiatives receive adequate funding to promote regional growth.
- Funding up to $25,000 is available for feasibility studies, strategic plans, evaluations, and planning costs related to economic opportunities.
- Support for the purchase or development of physical infrastructure where its absence restricts business growth.
- Funding for activities that improve access to business information.
- Financial assistance to host and promote community-based festivals and events that showcase NWT products or talent, supporting economic development.
- Equity requirements vary by community group, with Group 1 communities needing a 30% contribution of project costs and Group 2 communities requiring a 20% contribution.
Eligible projects & activities
This grant supports community-focused projects designed to stimulate local economies and promote regional development. Eligible activities focus on strategic planning, infrastructure improvement, and hosting events that boost economic opportunities.
- Conducting feasibility studies, strategic plans, evaluations, and planning initiatives that explore economic prospects and utilize existing community resources.
- Development or acquisition of physical infrastructure to address constraints on business development due to lack of facilities.
- Enhancing community access to business information to empower local economic decision-making.
- Organizing and promoting community festivals and events that showcase Northwest Territories (NWT) products or talents and serve as key drivers for local economic development.
Examples of admissible projects:
$ 22,000
Host a community-based festival highlighting Indigenous culture
$ 23,000
Purchase and develop physical infrastructure for a community center
$ 22,000
Improve access to business information for entrepreneurs
$ 24,000
Conduct an evaluation of the economic impact of the tech sector
$ 20,000
Develop an industry strategic plan for the renewable energy sector
$ 22,000
Conduct a feasibility study for developing a sustainable tourism sector
Eligibility criteria of the Support for Entrepreneurs and Economic Development (SEED) — Community Economic Development program
Eligibility for this grant is open to specific organizations based in the Northwest Territories (NWT).
- The applicant must be an NWT-based association.
- The applicant can be a municipality within the NWT.
- The applicant may be an Indigenous organization operating in the NWT.
Who is eligible?
NWT-based associations, municipalities, and Indigenous organizations are encouraged to apply for funding under the Community Economic Development program.
Eligible expenses
The grant program aims to nurture local economies by investing in projects that leverage community resources and promote regional development. It supports a variety of activities essential for economic growth and community engagement.
- Feasibility studies, strategic plans, evaluations, and planning costs that explore economic opportunities and enhance community resources.
- The acquisition or enhancement of physical infrastructure where the absence of such assets limits business development.
- Initiatives to improve access to business information, aiding communities in making informed economic decisions.
- Planning and hosting of community-based events that showcase local products or talents and drive economic development in the region.
Eligible geographic areas
This grant is available to NWT-based associations, municipalities, and Indigenous organizations. The eligible areas include specific communities as outlined by the funding body's regional focus in the Northwest Territories.
- Yellowknife
- Hay River
- Fort Smith
- Inuvik
- All other communities within the Northwest Territories (NWT)
Eligibility criteria of the Support for Entrepreneurs and Economic Development (SEED) — Community Economic Development program
There are evaluation and selection criteria for this grant. The evaluation criteria include feasibility studies, infrastructure development, access to business information, and community-based events, while the selection criteria vary based on community grouping.
- Feasibility studies, strategic plans, evaluations, and planning costs
- Purchase or further development of physical infrastructure
- Improving access to business information
- Hosting and promoting community-based festivals and events
How to apply to the Support for Entrepreneurs and Economic Development (SEED) — Community Economic Development program
1
Preliminary Discussion
- Contact your regional Economic Development Officer to discuss your project idea.
- Receive guidance on proposal development and eligibility criteria.
2
Complete Application Form
- Download and complete the SEED Application Form available on the program's website.
- Prepare all supporting documents as specified in the application checklist.
3
Submitting the Application
- Submit the completed application form along with all required documents to your regional office.
- Ensure submission is made before the funding period closes on March 31st.
Additional information
Here are additional relevant details for this grant:
- It is advised to contact your regional Economic Development Officer to discuss your project idea before drafting your proposal, which can be crucial for guidance and support.
Contact Minister of Industry, Tourism and Investment (NWT)
867-587-7171
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