TACC Business Equity Program
BC, Canada
Funding for Indigenous entrepreneurs in Coast Salish
grant_single|update January 24, 2025
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|openingDateNovember 14, 2019
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|terms_and_conditions
The TACC Business Equity Program provides non-repayable contributions to Aboriginal entrepreneurs to support the start, expansion, or acquisition of businesses. Funding is contingent upon a viable business plan and complementary financial backing.
- Non-repayable contributions up to $99,999 for individuals and incorporated businesses.
- Non-repayable contributions up to $250,000 for community-owned businesses.
- Funding can be used for business plans, marketing, and other related business support services.
- All funding programs are designed to supplement existing applicant equity and financial arrangements.
- Funding must not be applied for as a stand-alone financial solution.
grant_single_labels|projects
The TACC Business Equity Program aims to support Aboriginal entrepreneurs in the Coast Salish territory by enhancing their capital and business support for creating, expanding, or acquiring viable businesses. This program also provides assistance for business plans and marketing initiatives.
- Non-repayable contributions for eligible capital investments in starting a new business.
- Funding support for expanding an existing business.
- Assistance to acquire a viable business.
- Financial support for developing business plans.
- Contributions for marketing and other related business support services.
grant_single|admissibleProjectsExample
$ 200,000
Acquiring a small bakery business with plans to expand
$ 210,000
Developing an eco-tourism initiative focused on sustainable travel
$ 150,000
Starting a local art gallery to support emerging artists
$ 100,000
Establishing a new organic grocery store
$ 250,000
Launching a tech start-up focused on fintech solutions
$ 180,000
Expanding a textile recycling cooperative
grant_single_labels|admissibility
Eligibility for the Business Equity Program and NRT Equity Match Grant requires meeting specific criteria related to applicant type and business structure.
- The applicant must be an Aboriginal entrepreneur or a community-owned business in the Coast Salish territory.
- Applicants must be seeking to start, expand, or acquire a viable business.
- The business must have a viable business plan.
- Other financing must be in place as the funding is intended to supplement applicant equity and finance portions.
- For the NRT Equity Match Grant, the business must be a BC First Nation community-owned business or BC First Nation individual entrepreneur.
- The NRT Equity Match Grant must be applied for in conjunction with a TACC Loan.
grant_eligibility_criteria|who_can_apply
Aboriginal entrepreneurs in the Coast Salish territory who are involved in business opportunities that require supplementation of equity and finance portions, including individuals, incorporated businesses, and community-owned businesses.
grant_eligibility_criteria|eligible_expenses
The eligible projects for this grant focus on providing capital and business support to Aboriginal entrepreneurs and businesses in the Coast Salish territory. These efforts aim to facilitate the start-up, expansion, or acquisition of viable businesses, alongside offering marketing and business planning assistance.
- Start-up funding for new Aboriginal-owned businesses.
- Funding for expansion activities of existing Aboriginal-owned businesses.
- Support for the acquisition of existing businesses by Aboriginal entrepreneurs.
- Development and enhancement of business plans.
- Implementation of marketing strategies and related business support services.
grant_eligibility_criteria|zone
TACC offers funding programs specifically to Aboriginal entrepreneurs located in the Coast Salish territory. Funding is designated to support business opportunities in this specific geographical area.
- Coast Salish territory.
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 Eligibility and Program Details
- Ensure that your business fits within the eligibility criteria for the Business Equity Program (BEP).
- Read through the program description and FAQs provided by TACC to understand requirements.
- Step 2: Gather Required Documents
- Prepare a viable business plan outlining your business strategy and financial projections.
- Prepare documentation demonstrating other sources of financing in conjunction with TACC funding.
- Step 3: Download and Complete Application Forms
- Download the necessary application forms from the TACC website, including BEP F008 Detailed Eligible Costs and BEP F009 Claim Summary Form.
- Fill out the downloadable forms accurately with all necessary details.
- Step 4: Apply for the NRT Equity Match Grant (if applicable)
- If seeking the NRT Equity Match Grant, ensure you are applying for a TACC Loan in conjunction.
- Review the TACC Community Equity Match Initiative and Entrepreneur Equity Match Initiative for additional criteria.
- Step 5: Submit the Application
- Compile all completed forms and necessary documentation.
- Email or physically submit the application materials as instructed in the program details.
- Double-check submission instructions to ensure all requirements are met.
- Step 6: Confirmation and Follow-Up
- Wait for a confirmation of receipt from TACC, which should include an application reference number.
- Follow up if you do not receive confirmation within the specified time period.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- The BEP non-repayable contribution requires a viable business plan and other financing to be in place at the time of application.
- The maximum contribution amount varies between individual or incorporated businesses and community-owned businesses, highlighting the importance of the business structure in determining the eligible grant amount.
- Application forms are required to be submitted in specified formats: Microsoft Word for print and Adobe Acrobat for fillable submissions.
- Both BEP and NRT grant applicants must consider these as supplementary funding options since they operate in conjunction with applicant equity and finance portions.
