TACC Business Equity Program
BC, Canada
Funding for Indigenous entrepreneurs in Coast Salish
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Tale'awtxw Aboriginal Capital Corporation
grant_single|status
grant_card_status|open
grant_single_labels|preview
Contribution of up to $100,000 for individual business owners and $250,000 for community owned business.
grant_single_labels|projects
There are eligible projects and activities for the grant:
- Starting, expanding, or acquiring a viable business
- Non-repayable contributions for business plans, marketing, and related business support services
grant_single|admissibleProjectsExample
$100,000
Vancouver
Establishing a new organic grocery store in Vancouver.
$180,000
Montreal
Expanding a textile recycling cooperative in Montreal.
$250,000
Toronto
Launching a tech start-up focused on fintech solutions in Toronto.
$200,000
Calgary
Acquiring a small bakery business in Calgary with plans to expand.
$210,000
Halifax
Developing an eco-tourism initiative in Halifax focused on sustainable travel.
$150,000
Ottawa
Starting a local art gallery in Ottawa to support emerging artists.
grant_single_labels|admissibility
Eligibility criteria for the NRT Equity Match Grant are:
- Applicants must be BC First Nation community-owned businesses or BC First Nation individual entrepreneurs.
- The grant must be applied for in conjunction with a TACC Loan.
grant_eligibility_criteria|who_can_apply
- BC First Nation community-owned businesses
- BC First Nation individual entrepreneurs
grant_eligibility_criteria|eligible_expenses
The Business Equity Program (BEP) considers non-repayable contributions for eligible capital, business support, business plans, marketing, and related services. Eligible expenses may include:
- Capital expenditures
- Business support services
- Business plan development
- Marketing expenses
grant_single_labels|criteria
Evaluation and selection criteria for this grant are as follows:
- Applicant must be an Aboriginal entrepreneur in the Coast Salish territory.
- Business plan must be viable and demonstrate the need for funding.
- Applicant must have other financing in place.
- For the NRT Equity Match Grant, applicant must be a BC First Nation community-owned business or BC First Nation individual entrepreneur.
grant_single_labels|register
- Step 1: Review the Business Equity Program (BEP) program description and frequently asked questions for detailed information about the grant.
- Step 2: Download the TACC Application Forms for the BEP program, including detailed eligible costs and claim summary forms.
- Step 3: Prepare a viable business plan and gather other required documentation for the application.
- Step 4: Submit the completed application forms and necessary documents to TACC for review and consideration.
Apply to this program
Business Equity Program (BEP) Summary
The Business Equity Program (BEP) by Tale’awtxw Aboriginal Capital Corporation (TACC) offers non-repayable contributions to Aboriginal individuals, incorporated businesses, and community-owned businesses for eligible capital, business support, and related services.
Business Equity Program (BEP) Detailed Explanation
The Business Equity Program (BEP) provided by Tale’awtxw Aboriginal Capital Corporation (TACC) is designed to support Aboriginal entrepreneurs in the Coast Salish territory. The BEP offers non-repayable contributions to eligible applicants to help them start, expand, or acquire viable businesses. These contributions can cover capital costs, business plans, marketing initiatives, and other related support services. Individuals and incorporated businesses can receive up to $99,999, while community-owned businesses can access up to $250,000 based on a viable business plan and the presence of other financing sources.
To apply for the BEP, interested parties need to download the application forms and submit them to TACC for consideration. The program aims to supplement applicant equity and finance portions of a business opportunity, rather than being a standalone source of funding.
For Aboriginal entrepreneurs seeking financial support to realize their business goals, the BEP proves to be a valuable resource. It encourages economic development and entrepreneurial endeavors within the community, fostering growth and sustainability.
Overall, the Business Equity Program (BEP) serves as a strategic tool to empower Aboriginal entrepreneurs and contribute to the economic prosperity of the Coast Salish territory by providing essential financial assistance and support services.
