Support for Entrepreneurs and Economic Development (SEED) — Community Economic Development
NT, Canada
Funding for economic initiatives in the Northwest Territories
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|openingDateApril 01, 2024
- grant_single|closingDateMarch 31, 2025
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Minister of Industry, Tourism and Investment (NT)
- Government of the Northwest Territories
grant_single|status
grant_card_status|open
grant_single_labels|preview
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.
grant_single_labels|projects
There are eligible projects for this grant. Organizations can receive funding for feasibility studies, strategic plans, evaluations, physical infrastructure development, access to business information, and hosting community-based festivals.
- Feasibility studies, strategic plans, evaluations, and planning costs that investigate economic opportunities and build on existing community resources
- Purchase or further development of physical infrastructure where lack of infrastructure constrains business development
- Improving access to business information
- Hosting and promoting community-based festivals and events that highlight NWT products or talent and are key to economic development for the community
grant_single|admissibleProjectsExample
$22,000
Winnipeg
Host a community-based festival highlighting Indigenous culture
$23,000
Edmonton
Purchase and develop physical infrastructure for a community center
$22,000
Vancouver
Improve access to business information for entrepreneurs
$24,000
Toronto
Conduct an evaluation of the economic impact of the tech sector
$20,000
Calgary
Develop an industry strategic plan for the renewable energy sector
$22,000
Yellowknife
Conduct a feasibility study for developing a sustainable tourism sector
grant_single_labels|admissibility
This program is open to NWT-based associations, municipalities, and Indigenous organizations looking to further develop their economies, advance regional economic development initiatives, and invest in events promoting economic opportunities.
- NWT-based associations, municipalities, and Indigenous organizations
grant_eligibility_criteria|who_can_apply
Eligible types of companies for this grant include NWT-based associations, municipalities, and Indigenous organizations.
- NWT-based associations
- Municipalities
- Indigenous organizations
grant_eligibility_criteria|eligible_expenses
Yes, eligible expenses for this grant include feasibility studies, strategic plans, evaluations, planning costs, purchase or development of physical infrastructure, improving access to business information, and hosting community-based festivals and events.
- 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
grant_single_labels|criteria
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
grant_single_labels|register
- Contact your regional Economic Development Officer to discuss your idea prior to the development of your proposal.
- Complete an application form and attach all required documents identified in the application checklist.
- Submit the completed application form to your regional office.
grant_single_labels|contact
867-587-7171
Apply to this program
Community Economic Development Grant Summary
This program provides funding of up to $25,000 to local communities and organizations in the Northwest Territories to support economic development initiatives, infrastructure improvements, business information access, and community-based events. The grant aims to enhance economic opportunities, advance regional development, and showcase NWT products and talent through various projects.
Community Economic Development Grant Detailed Explanation
The Community Economic Development Grant offered by the government of the Northwest Territories is a funding initiative designed to empower local communities and organizations in driving economic growth and development within the region. With a maximum support of $25,000 available, this grant program encourages feasibility studies, strategic planning, infrastructure development, and events that promote economic opportunities.
Under this program, eligible entities such as NWT-based associations, municipalities, and Indigenous organizations can seek financial assistance for projects that align with the program's objectives. The funding can be utilized for different categories, including conducting feasibility studies, creating strategic plans, evaluating economic opportunities, and planning activities that leverage existing community resources for economic development.
One key focus of the Community Economic Development Grant is the allocation of funds for the purchase or enhancement of physical infrastructure that may hinder business growth and development in certain areas. By addressing infrastructure gaps, the grant aims to stimulate economic activities, attract investments, and create a conducive environment for business expansion in the Northwest Territories.
Furthermore, the grant supports initiatives that improve access to business information, allowing communities and organizations to enhance their knowledge base, make informed decisions, and capitalize on economic opportunities effectively. By providing resources for business information access, the grant contributes to the overall economic empowerment and growth of businesses in the NWT.
Additionally, the Community Economic Development Grant encourages the hosting and promotion of community-based festivals and events that showcase NWT products, talents, and cultural heritage. These events play a crucial role in economic development by highlighting local strengths, fostering community engagement, attracting visitors, and creating market opportunities for businesses and artisans in the region.
Applicants interested in accessing the grant are advised to communicate with their regional Economic Development Officer to discuss project ideas and ensure alignment with the program requirements. By collaborating with the regional officers, applicants can receive guidance, clarify queries, and refine their proposals to enhance the chances of securing funding for their initiatives.
The Community Economic Development Grant operates within specified equity requirements, whereby different community groups are expected to contribute a percentage of the project costs based on their classification. Group 1 communities (Yellowknife, Hay River, Fort Smith, and Inuvik) are required to provide 30% of project costs, while Group 2 communities (all other NWT communities) must contribute 20% of project expenses to qualify for funding.
It is essential for potential applicants to adhere to the deadline for funding submissions, which falls annually from April 1 to March 31st. By meeting the application timeline, applicants can ensure timely processing of their proposals and evaluation for funding eligibility under the Community Economic Development Grant program.
In conclusion, the Community Economic Development Grant offered by the Northwest Territories government serves as a valuable resource for communities and organizations seeking to enhance their economic resilience, promote growth, and capitalize on unique opportunities within the NWT. Through strategic investments, infrastructure enhancements, access to business information, and community-based events, the grant fosters a vibrant economic ecosystem that supports local entrepreneurship, innovation, and sustainable development across the region.
