TACC New Relationship Trust (NRT) Community Equity Match Grant
BC, Canada
Grants for First Nations Communities with TACC business loans
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|maxCount
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Loans and Capital investments
grant_single|eligibleIndustries
- grant_single|allIndustries
grant_single|grantors
- Tale'awtxw Aboriginal Capital Corporation
grant_single|status
grant_card_status|open
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Get an equity match of up to $25,000 for British Columbia First Nation Community business projects to establish, modernize or expand a business.
grant_single_labels|projects
Projects eligible for this grant include:
- Establishment of a new business
- Modernization of an existing business
- Expansion of an existing business
grant_single|admissibleProjectsExample
$25,000
Establishing a new Indigenous-owned coffee shop in downtown Prince George
$25,000
Modernizing a community-owned bakery to offer gluten-free products
$25,000
Opening a kayaks rental business to serve tourists visiting Stanley Park
$25,000
Expanding a local IT support business to include cybersecurity services
grant_single_labels|admissibility
- BC First Nation Community business projects are the only eligible recipients.
- Projects must be for the establishment of a new business, modernization of an existing business, or expansion of an existing business.
- Ineligible costs include, but are not limited to: refinancing debt, debt consolidation, business planning, and/or feasibility studies.
- Up to a maximum of $25,000 or 25% of project costs, whichever is less, in matching equity is available per community business.
- BC First Nation Equity must be cash equity.
- The equity-matching is conditional on TACC approving a term loan (debt-financing) for the BC First Nation community business.
grant_eligibility_criteria|who_can_apply
Eligible types of companies for this grant include BC First Nation Community business projects that are establishing a new business, modernizing an existing business, or expanding an existing business.
- BC First Nation Community business projects
grant_eligibility_criteria|who_cannot_apply
Some types of companies are not eligible for this grant:
- Non-BC First Nation Community business projects
- Projects not related to the establishment, modernization, or expansion of a business
- Projects involving ineligible costs such as refinancing debt, debt consolidation, and business planning or feasibility studies
grant_eligibility_criteria|eligible_expenses
Eligible expenses for this grant include:
- Establishment of a new business
- Modernization of an existing business
- Expansion of an existing business
grant_single_labels|criteria
There are evaluation and selection criteria for this grant.
- Projects must be for the establishment of a new business, modernization of an existing business, or expansion of an existing business.
- Equity-matching is conditional on TACC approving a term loan for the BC First Nation community business.
- BC First Nation Equity must be cash equity.
grant_single_labels|register
- Contact Tale’awtxw Aboriginal Capital Corporation at 604-926-5626 or info@tacc.ca for more information and application details.
grant_single_labels|otherInfo
Here are additional relevant details for this grant:
- A comprehensive financial analysis may be required to support the grant application.
- Grant recipients should comply with reporting requirements detailed in the grant agreement.
- Ownership of intellectual property created during the project may be subject to specific terms agreed upon in the grant contract.
grant_single_labels|contact
info@tacc.ca
604-926-5626
Apply to this program
BC First Nations Community Equity-Matching Initiative
Overview
The BC First Nations Community Equity-Matching Initiative, administered by the New Relationship Trust in partnership with Tale’awtxw Aboriginal Capital Corporation, aims to support BC First Nation business projects by providing equity-matching funds of up to $25,000. Eligible projects include establishing new businesses, modernizing existing ones, or expanding current operations, with a focus on fostering economic growth within First Nations communities.
Guidelines
To qualify for this grant, BC First Nation community business projects must demonstrate a clear need for equity-matching funds for their proposed initiatives. Eligible costs for funding support include establishing a new business, upgrading existing operations, or expanding current ventures, while ineligible expenses encompass debt refinancing, consolidation, or feasibility studies not directly related to the project's development. The initiative offers a maximum of $25,000 or 25% of project costs, whichever is less, in matched equity per community business, provided that the BC First Nation's equity contribution is in cash. The equity-matching is contingent upon Tale’awtxw Aboriginal Capital Corporation approving a term loan for the community business, thereby encouraging sustainable growth and economic empowerment within BC First Nations.
Contact
For more information about the BC First Nations Community Equity-Matching Initiative or to inquire about the application process, please contact Tale’awtxw Aboriginal Capital Corporation at 604-926-5626 or via email at info@tacc.ca. Additional details can also be found on their website at www.tacc.ca.
