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

Get an equity match of up to $5,000 for BC First Nation entrepreneurs within the traditional Coast Salish territory for projects to establish, modernize or expand a business.

grant_single_labels|projects

This initiative aims to support BC First Nation entrepreneurs in establishing, modernizing, or expanding their businesses. It provides the necessary funds to enhance business infrastructure and operations through equity-matching support.
  • Establishment of new businesses by BC First Nation entrepreneurs.
  • Modernization of current business operations or infrastructure.
  • Expansion projects for existing businesses seeking growth.
grant_single|admissibleProjectsExample

$1,125

Modernizing a traditional craft store to incorporate e-commerce capabilities

$3,000

Modernizing a fish processing facility with new refrigeration units

$1,500

Establishing a new eco-friendly cleaning service

$3,750

Establishing a new organic food delivery service

$2,250

Expanding a traditional Coast Salish art gallery with new exhibit space

$4,750

Expanding a community-run agricultural co-op with new equipment

grant_single_labels|admissibility

Eligibility for this grant is determined by specific criteria related to the applicant's location, business status, and financial agreements.
  • The applicant must reside within the traditional Coast Salish territory.
  • The applicant must be a BC First Nation entrepreneur or a First Nation community business, either status or non-status.
  • Priority is given to BC First Nation entrepreneurs residing on-reserve.
  • The applicant must provide cash equity for the equity-matching initiative.
  • The equity-matching is contingent upon the approval of a term loan from TACC.

grant_eligibility_criteria|who_can_apply

The Entrepreneur Equity-Matching Initiative targets BC First Nation entrepreneurs and First Nation Community businesses within the traditional Coast Salish territory. Both status and non-status BC First Nation entrepreneurs are eligible, with a priority given to those residing on-reserve.

grant_eligibility_criteria|who_cannot_apply

Based on the information provided, BC First Nation entrepreneurs and First Nation Community businesses are the only eligible recipients for the grant, with priority given to BC First Nation entrepreneurs residing on-reserve.
  • Non-First Nation entrepreneurs
  • Businesses outside the traditional Coast Salish territory

grant_eligibility_criteria|eligible_expenses

Eligible expenses for this grant include:
  • Establishing, modernizing, or expanding a business
  • Matching equity up to $5,000 or 25% of project costs
  • Cash equity for the entrepreneur

grant_eligibility_criteria|zone

This initiative is specifically designed for BC First Nation entrepreneurs within designated territorial boundaries. The eligible geographical area focuses on the traditional Coast Salish territory to align with community-driven economic goals.
  • Traditional Coast Salish territory

grant_single_labels|criteria

There are evaluation and selection criteria for this grant.
  • Applicants must reside within the traditional Coast Salish territory.
  • BC First Nation entrepreneurs and First Nation Community businesses are the only eligible recipients (status or non-status), with priority given to BC First Nation entrepreneurs residing on-reserve.
  • Up to a maximum of $5000 or 25% of project costs, whichever is less, in matching equity is available per entrepreneur or community business.
  • The entrepreneur equity must be cash equity.
  • The equity-matching is conditional on TACC approving a term loan (debt-financing) for the entrepreneur or community business.

grant_single_labels|register

  • Step 1: Determine Eligibility
  • Ensure you reside within the traditional Coast Salish territory.
  • Confirm that you are a BC First Nation entrepreneur or part of a First Nation Community business.
  • Step 2: Prepare Equity Contribution
  • Gather proof of cash equity available for the project.
  • Calculate the total project costs to determine the eligible matching equity amount, ensuring it does not exceed $5,000 or 25% of the total project costs.
  • Step 3: Apply for TACC Term Loan
  • Complete the application process for a term loan through TACC.
  • Prepare necessary loan application documents as required by TACC.
  • Step 4: Submission of Application
  • Submit your loan application and equity-matching request to Tale’awtxw Aboriginal Capital Corporation (TACC).
  • Ensure all documentation is complete and verifies the eligibility criteria.
  • Step 5: Confirmation
  • Wait for confirmation from TACC regarding the approval of your term loan, which is a prerequisite for the equity-matching fund.
  • Upon approval, follow any additional instructions provided by TACC to finalize the grant process.

grant_single_labels|otherInfo

The Entrepreneur Equity-Matching Initiative offers additional relevant details to consider:
  • The funding is contingent on obtaining a term loan, highlighting a prerequisite for grant approval.
  • The initiative supports a collaborative effort between NRT and TACC, suggesting potential resources or support from both organizations.
  • Applicants should acknowledge this initiative is distinctly catered to enhancing the economic opportunities for BC First Nation entrepreneurs.

grant_single_labels|contact

info@tacc.ca
604-926-5626

Apply to this program