TACC New Relationship Trust (NRT) Entrepreneur Equity Match Grant

This grant provides equity-matching financing options to BC First Nation entrepreneurs with a focus on supporting the development and growth of businesses. The funding structure ensures a partnership approach through matched financial contributions.

• Equity-matching funds cover up to $5,000 or 25% of the total project costs, whichever is less.
• Funding is contingent upon securing a matching cash equity from the entrepreneur.
• The disbursement of equity-matching funds is conditional upon the approval of a term loan by Tale’awtxw Aboriginal Capital Corporation.

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.

Who is eligible?

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.

Who is not eligible

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

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

Eligible geographic areas

This grant is specifically available to BC First Nation entrepreneurs within the designated geographical areas. The primary eligibility criterion is residence within the traditional Coast Salish territory.

• Traditional Coast Salish territory.

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.

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.