Support for Entrepreneurs and Economic Development (SEED) — Micro-business
NT, Canada
Money for micro-businesses in the Northwest Territories
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|openingDateApril 01, 2023
- grant_single|closingDateMarch 31, 2024
- grant_single|grantStatusClosed
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Agriculture, forestry, fishing and hunting
- Mining, quarrying, and oil and gas extraction
- Arts, entertainment and recreation
grant_single|grantors
- Minister of Industry, Tourism and Investment (NT)
- Government of the Northwest Territories
grant_single|status
grant_card_status|closed
grant_single_labels|preview
Micro businesses can get financial assistance of up to $6,000 over three years for the purchase of tools, equipment, traditional harvesting activities, and other self-employment activities.
grant_single_labels|projects
This grant is available to individuals and businesses across various communities in the Northwest Territories (NWT), as specified by the funding body. The eligible areas are categorized based on their geographical grouping to support economic development in the region.
- Yellowknife
- Hay River
- Fort Smith
- Inuvik
- All other communities within the NWT
grant_single|admissibleProjectsExample
$6,000
Acquisition of prospecting supplies for a small-scale mining project
$5,000
Purchase of raw materials for traditional beadwork and jewelry-making
$6,000
Acquisition of film-making equipment for producing local documentaries
$6,000
Purchase of weaving equipment and yarn for traditional textile art
$6,000
Purchase of leatherworking tools and materials for creating traditional leather goods
$6,000
Purchase of pottery tools and kiln to produce traditional ceramic arts
grant_single_labels|admissibility
Eligible applicants for this grant must meet specific criteria related to residency and business activities.
- The applicant must be a resident or entrepreneur in the Northwest Territories (NWT).
grant_eligibility_criteria|who_can_apply
Eligible applicants for the Micro Business program include licensed artists, crafters, filmmakers, commercial renewable resource harvesters, and other small businesses operating within the Northwest Territories (NWT). These individuals or entities must be residents or entrepreneurs residing in the NWT who are seeking funding to support their projects towards sustainability. The program is designed to assist those in the traditional economy, arts and crafts, film production, and prospecting activities, as well as other eligible self-employment initiatives.
grant_eligibility_criteria|eligible_expenses
The Micro Business program offers financial assistance for projects aimed at enhancing production quality or quantity, supporting traditional economies, and facilitating self-employment activities. Eligible projects cover various aspects of arts, crafts, filmmaking, and renewable resource harvesting.
- Purchasing tools and equipment to increase the quality or quantity of production related to arts and crafts or the traditional economy.
- Purchase of raw materials for the production of traditional arts and crafts.
- Purchase of film making equipment.
- Purchase prospecting supply, equipment and other expenses directly related to prospecting activity.
- Other self-employment activities.
grant_eligibility_criteria|zone
The grant covers expenses necessary to enhance production and self-employment in specific sectors.
- Purchasing tools and equipment for arts and crafts or traditional economy production.
- Purchase of raw materials for traditional arts and crafts production.
- Purchase of filmmaking equipment.
- Purchase of prospecting supply, equipment, and expenses related to prospecting activity.
grant_single_labels|criteria
There are evaluation and selection criteria for the Micro Business program grant in the Northwest Territories.
- Community Equity Requirements (30% for Group 1 communities and 20% for Group 2 communities)
- Acceptance of sweat equity in specific cases
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Initial Consultation
- Contact your regional Economic Development Officer (EDO) to discuss your project idea.
- Gather initial feedback and advice on your project proposal.
- Step 2: Complete Application Form
- Download and complete the SEED Application Form.
- Ensure all sections of the application form are filled out accurately.
- Step 3: Gather Required Documents
- Refer to the application checklist provided with the SEED Application Form.
- Compile all necessary supporting documents as outlined in the checklist.
- Prepare documents that demonstrate equity contributions, if applicable.
- Step 4: Submit Application
- Submit the completed application form and all supporting documents to your regional office.
- Choose the correct regional office based on your community's location.
- Step 5: Confirmation and Follow-up
- Confirm that your application has been received by your regional office.
- Maintain communication with your regional EDO for any further requirements or updates.
grant_single_labels|otherInfo
There are specific considerations and potential benefits associated with the Micro Business program grant.
- A maximum of $6,000 can be provided, which can be drawn over a period of three years.
- The grant can cover four key categories related to production and equipment purchase.
- Equity requirements vary by community group, demonstrating flexibility for communities with differing economic standings.
- The program accepts sweat equity in certain circumstances, adding flexibility for applicants.
grant_single_labels|contact
867-587-7171
Apply to this program
A Boost for Micro-Businesses in the Northwest Territories
This grant offers funding to artists, crafters, filmmakers, commercial renewable resource harvesters, and small businesses in the Northwest Territories. The program aims to support self-employment endeavors by providing financial assistance for specific project needs related to production and sustainability.
Details on the Micro-Business Grant Program's Structure and Benefits
The Micro-Business Grant Program is strategically designed to foster economic growth and sustainability among small-scale enterprises and entrepreneurs within the Northwest Territories by providing a financial boost of up to $6,000, dispersed over a three-year period. The funding is aimed at aiding various sectors, including the arts, crafts, traditional economy, and filmmaking, addressing specific project requirements crucial for their sustainability and expansion.
This program targets individual entrepreneurs and licensed businesses engaged in creative and resource-based industries, offering support specifically to improve production capabilities and meet operational demands. Funds are accessible for purchasing tools and equipment that enhance the quality or quantity of production in arts and crafts, acquiring raw materials for traditional arts, purchasing filmmaking equipment, and even facilitating prospecting activities through the acquisition of essential supplies and covering related expenses. This comprehensive approach ensures that enterprises have the resources needed to innovate and expand their impact.
Eligibility for this grant spreads across different community categories, with varying equity requirements determined by location. Group 1 communities, including areas like Yellowknife and Inuvik, are required to contribute 30% of the project's costs, whereas Group 2 communities benefit from a lower required equity contribution of 20%. In certain scenarios, sweat equity, representing a non-monetary contribution of time and labor, is accepted, thus accommodating diverse financial capabilities and encouraging maximum participation.
The program allows individuals and businesses to strengthen their operational foundations with substantial equipment and material investments while promoting local economic sustainability and self-sufficiency. It represents an invaluable opportunity for Northern entrepreneurs to translate their passion and initiative into tangible economic benefits, driving not just personal but collective economic growth in the region.
The application process has been designed to be accessible with careful guidance provided by regional Economic Development Officers, ensuring applicants have the right support to articulate their project needs effectively within their proposals. This aligns with the program’s broader objective of empowering local businesses and individuals to maximize their potential and contribute actively to their communities’ economic resilience.
By addressing the specific material and equipment needs of micro-businesses, this grant fortifies the region's economic ecosystem, fostering a culture of innovation and resilience. As businesses achieve sustainability and expand their operations, the broader economic landscape benefits, marking this grant as pivotal in nurturing the groundwork for future endeavors across various key sectors in the Northwest Territories.
