Community Business Development Program
Designed to help assist community-owned businesses access opportunities.
This program is intended to assist Métis communities develop businesses that will result in the creation of wealth and jobs for Métis people.
Under this program CCDF can provide a one-time non-repayable grant up to a maximum of $300,000 or 50% of project costs excluding pre-operating costs and working capital. Should the business be sold or disposed of within three years of receiving a non-repayable grant it will become repayable immediately.
As well, CCDF can contribute a repayable loan up to a max of $700,000 as a repayable loan contribution. Repayable loan contributions and non-repayable grants will not exceed 85% of approved project costs. Maximum funding under this program will be $1,000,000.
The purpose of this program is:
- To establish a new business
- To purchase an existing business
- To expand and renovate an existing business
- Contribution Agreement
- Preferred Shares
- Common Shares
- Businesses funded under this program must demonstrate viability through a sound business plan.
- The community will be expected to demonstrate its commitment through an injection of reasonable equity.
- The Métis Community, Region or Economic Development Corporation must operate the business in Saskatchewan.
- Community Business Development Program funding is in the form of a non-repayable grant.
- Repayment term on the repayable loan contribution will be flexible and at the discretion of CCDF.
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