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