How much funding can be received?

Get up to $15,000 per year for up to two years to offset loan interest associated with new capital purchases that will allow you to expand your business.

grant_single_labels|projects

Eligible businesses for this grant are those located within the Northwest Territories. The program is structured to support the growth and development of businesses and sectors unique to this region.

Yellowknife
Hay River
Fort Smith
Inuvik
All other communities within the Northwest Territories

grant_single|admissibleProjectsExample

$30,000

Expanding organic farming operations with new machinery and research

$30,000

Producing a documentary on Indigenous cultures

$30,000

Developing a tech startup focused on AI

$30,000

Developing a renewable energy facility and related infrastructure

$30,000

Establishing an artisanal fishing enterprise

$30,000

Enhancing a tourism business with eco-friendly accommodations

grant_single_labels|admissibility

Eligibility for this grant is determined by specific requirements related to the applicant's profile and sector involvement.

The applicant must be an NWT business to apply for the Capital Expansion Incentive category.
Indigenous organizations, business associations, and municipalities are eligible to apply for the Sector Research Support category.
The applicant must be involved in one of the designated sectors: Agriculture, Energy, Film, Fishing, Knowledge Economy, Tourism, or Value-added Manufacturing.

grant_eligibility_criteria|who_can_apply

NWT Businesses can apply to the Capital Expansion Incentive category, and Indigenous organizations, business associations, and municipalities can apply to the Sector Research Support category. Applicants must be involved in designated sectors such as Agriculture, Energy, Film, Fishing, Knowledge Economy, Tourism, or Value-added Manufacturing.

grant_eligibility_criteria|who_cannot_apply

This grant does not indicate specific restrictions on ineligible companies or industries based on their status or activity. Therefore, without additional information, we cannot list specific types of ineligible applicants.

grant_eligibility_criteria|eligible_expenses

This program supports NWT businesses, associations, and communities in their efforts to enhance sector-specific growth and development. Eligible activities focus on capital expansion and sector research to strengthen understanding and presence within designated sectors.

Defray the cost of investing in new or expanded facilities and equipment for business expansion (Capital Expansion Incentive).
Offset loan interest associated with new capital purchases for business expansion.
Conduct sector-specific research or planning to benefit businesses by providing critical developmental information.
Invest in product development and packaging materials specific to a sector.
Implement sector-specific marketing campaigns to attract investment.

grant_eligibility_criteria|zone

The grant allows for the offsetting of specific expenses related to capital expansion and sector research support initiatives.

Interest expenses on loans associated with new capital purchases for business expansion.
Expenses for sector-specific research or planning that offers critical information for sector development or investment attraction.
Costs for investing in sector-specific product development and associated packaging materials.
Expenditures on sector-specific marketing campaigns.

grant_single_labels|criteria

There are evaluation and selection criteria for this grant. The assessment criteria include financial viability, potential economic impact, sustainability, and alignment with sector priorities.

Financial Viability
Potential Economic Impact
Sustainability
Alignment with Sector Priorities

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 to discuss your business idea and potential funding options.
Step 2: Application Preparation
- Download and complete the SEED Application Form.
- Gather all the required documents as listed in the application checklist, which may include financial statements, project plans, etc.
Step 3: Application Submission
- Submit the completed application form along with all required documents to your regional office.
- Ensure submission is completed before the fiscal year ends on March 31st.

grant_single_labels|otherInfo

Here are additional relevant details for this grant:

It is emphasized to contact the regional Economic Development Officer prior to proposal development for guidance and insights.
The application period runs annually from April 1 to March 31, allowing for strategic planning.
The funding is aimed at defraying costs associated with capital expansion and sector-specific research, indicating a focus on long-term development.
Equity requirements vary by community group, affecting the required investment from applicants.

grant_single_labels|contact

867-587-7171

Apply to this program

Supporting Northern Business Growth

This program provides essential funding to NWT businesses and organizations to foster sector-specific growth and development. Utilizing this grant, entities in key sectors can expand infrastructure, research innovative opportunities, and bolster marketing strategies aimed at economic advancement.

Unlocking Opportunities for Advancement in NWT Sectors

The Sector Support grant is a strategic initiative provided by the Government of Northwest Territories to aid businesses and communities in achieving economic growth within designated sectors such as agriculture, energy, film, fishing, the knowledge economy, tourism, and value-added manufacturing. Under this program, two primary funding avenues are offered to cater to different developmental needs.

The Capital Expansion Incentive category is tailored for NWT businesses aiming to grow their physical presence through investments in new facilities and equipment. By offering support of up to $30,000 over a maximum of three years, with each year capped at $15,000, this incentive helps businesses to alleviate the financial burden of interest on loans tied to capital purchases. This makes it feasible for businesses to expand their operations, thereby enhancing their productivity and competitive edge in the market.

On the other hand, the Sector Research Support category is aimed at Indigenous organizations, business associations, and municipalities that seek to improve their understanding and involvement in particular sectors through research and development. With potential funding of up to $25,000, this initiative supports efforts such as sector-specific research and planning, development of products and packaging materials, as well as marketing campaigns tailored to attract investments and enhance sector visibility and growth.

To successfully obtain funding, businesses and organizations are required to provide a portion of the project costs as equity, amounting to 30% for those located in Group 1 communities (including Yellowknife, Hay River, Fort Smith, and Inuvik) and 20% for those in Group 2 communities, covering all other areas within the NWT. This requirement promotes joint investment and commitment towards the projects' success, ensuring that beneficiaries are equally invested in realizing the outcomes.

The Sector Support program underscores the importance of robust economic strategies by enabling capacity building and innovation within the Northwestern Territories' economy. Eligible businesses and organizations are encouraged to reach out to their regional Economic Development Officer for detailed guidance and support throughout the application process. Regional offices provide tailored assistance and ensure applicants understand the criteria and documentation needed for submission, with applications accepted from April 1 to March 31 annually.

In conclusion, the Sector Support grant is a pivotal resource for businesses and organizations within the NWT, fostering an environment ripe for growth, innovation, and economic resilience. It not only supports infrastructural developments and research endeavors but also empowers local economies by enhancing sector-specific capabilities and attracting investments crucial for sustainable development.