Community Business Development Program

This program is intended to assist Métis community owned business development associations and corporations leverage capital to develop businesses that will result in the creation of wealth and jobs for Métis.

Under this program CCDF can provide a one time non-repayable contribution up to the lessor of $100,000 or 35% of the value of the fixed assets as identified in the program costs. Should the business be sold or disposed of within three years of receiving a non-repayable contribution it will become repayable immediately.

As well, CCDF can contribute up to the lessor of $200,000 or 35% of the value of the fixed assets as a repayable contribution, preferred shares, convertible preferred shares or convertible debentures.

Repayable contributions will be for a term not to exceed seven years while equity instruments will not exceed ten years.

Note: Total funding from CCDF under this program will not exceed 50% of the value of the fixed assets.

Purpose:

  • To start a new business
  • To purchase an existing business
  • To renovate or expand an existing business

General Guidelines:

  • Businesses funded under this program must be for-profit and demonstrate viability through a sound business plan;
  • The community will be expected to demonstrate its commitment through an injection of reasonable equity.

APPLICATION FOR CONTRIBUTION

PERSONAL FINANCIAL STATEMENT FORM