The following programs can provide financial assistance for aspiring entrepreneurs for start-up or expansion. Also listed, resources to help with any other aspect of starting your own business such as market research, statistics, taxation, financial statements, and more.
Cients of Canadian Aboriginal heritage; (status and non-status) Indian (on and off-reserve), Métis, Inuit, majority-owned Aboriginal businesses, and Aboriginal communities and/or development corporations are eligible for ABDP support. Support varies depending on the needs of the client. Funding can assist with business planning, establishment (capital) costs, business acquisitions, business expansions, marketing initiatives that are local, domestic, or export oriented, new product or process development, adding technology to improve operations and competitiveness, operating costs in association with capital costs, financial services, business support, business-related training, and mentoring services. ABDP can help Aboriginal entrepreneurs, communities and organizations to achieve their business goals. To read more on eligibility, click here.
NADF provides financing, business support, and economic development services to Aboriginal businesses in northern Ontario. NADF supports entrepreneurs that are Canadian status and non-status Indians, Inuit and Metis individuals (18+), organizations, or other legal entities, on or off reserve. NADF provides their clients with tools, resources, information and inspiration to successfully establish, expand, and manage their business. NADF’s goal is to advance the well-being of Aboriginal people in Northern Ontario through business and economic development. NADF can provide individual entrepreneurs with up to $99,999 and provide First Nations or community-owned business with up to $249,999. If you are interested in applying or checking eligibility for financing from NADF, you can read more here.
The National Aboriginal Capital Corporations Association (NACCA) is the association for a network of Aboriginal Financial Institutions (AFIs) dedicated to stimulating economic growth for First Nations, Métis and Inuit by promoting and underwriting Aboriginal business development. AFIs provide business financing and support to Aboriginal businesses, which can include; business loans, financial consulting services, aftercare and start-up support. For more information and a complete list of AFI’s, click here.
The objective of RRFDC is to create jobs and improve the commercial and industrial base of the Rainy River District. RRFDC can help entrepreneurs find fair and equitable business partnerships, help businesses communicate with larger markets and provide community learning for businesses and entrepreneurs. They can provide loans, equity investments, loan guarantees of up to $150,000 per business and provide market research to businesses. The RRFDC offers a wide variety of resources to assist with developing applications for financing and writing a business plan, to find out more click here.
BDC assists in creating and developing Canadian businesses through financing, venture capital and consulting services, focusing on small and medium size enterprises. BDC can provide business loans to start or acquire a company and purchase commercial real estate or entrepreneurs can access consulting services to assist in writing their business and financial plans.
The NOHFC is a crown corporation and development agency of the Ontario government. NOHFC invests in northern businesses and municipalities through conditional contributions, forgivable performance loans, incentive term loans and loan guarantees. They focus on business plans will benefit the North and create jobs for the region. NOHFC has seven different funding programs for starting or sustaining a business, the list of programs can be found here. NOHFC supports sectors that provide economic growth to northern communities, to check if your business falls under an eligable sector, click here.
FedNor is the Canadian Government’s economic development organization designated specifically for Northern Ontario. FedNor provides funding based on three main priorities, i the business provides community economic development, increases business growth and competitiveness and brings new innovation to Northern Ontario. To apply for FedNor funding, click here.
Shooniyaa Wa-Biitong supports individuals who demonstrate a keen interest in self employment as a means of creating self employment and promoting additional Aboriginal employment. Program support is available to eligible SE participants in the form of ongoing technical advice, guidance, training and information on available financial and non-financial resources for business start-up and development while on the program. For more information on this program, click here.
Whether you are an Aboriginal government, organization, or small business person, RBC Royal Bank offers products and services to assist you in the financial management of your operation. If you’re thinking about starting a business, you’re in the right place. Here you’ll find useful advice, tips and tools that will help get you on your way, click here.
This webpage contains many different resources for financing your business. Growth Capital for Aboriginal Business and the Aboriginal Banking Unit. Other programs and services include links to Business Development Program, Community Futures Loan Program, Training and Employment Initiatives, Financing for starting a Business, Women in Business Initiative, and others. Click on the above link to see what Service Canada has to offer in terms of financing.
The Anokiiwin Job Connect project is focusing on building equality and increasing opportunities of Aboriginal People within the mainstream economic structure of the Treaty #3 area. There is currently an underrepresentation of aboriginal people in the workforce in all industries across the Treaty #3. Our goal is to offer the opportunity to increase employment prospects through the Anokiiwin project.
SME Toolkit is an online platform that helps entrepreneurs and small and medium enterprises (SMEs) all over the world to learn and implement sustainable business management practices and increase their productivity, efficiency, and capacity, as well as improve their access to finance and new markets. Tools to help with Cash Flow, Balance Sheets and Income Statements Templates, Common Start-Up Mistakes, Business Growth, E-Learning, and much more.
Industry Canada works with Canadians in all areas of the economy and in all parts of the country to improve conditions for investment, enhance Canada’s innovation performance, increase Canada’s share of global trade and build a fair, efficient and competitive marketplace. They can provide assistance on how to start a business including developing your business ideas, crafting a business plan, name and register your business, find financial incentives for start-ups, and buy an existing business. For all of that, and more, click here.
The North American Industry Classification System (NAICS) is an industry classification system developed by the statistical agencies of Canada, Mexico and the United States. Created against the background of the North American Free Trade Agreement, it is designed to provide common definitions of the industrial structure of the three countries and a common statistical framework to facilitate the analysis of the three economies. NAICS is based on supply-side or production-oriented principles, to ensure that industrial data, classified to NAICS, are suitable for the analysis of production-related issues such as industrial performance.
Stats Canada’s Web site provides for free and for fee economic, social and census data plus daily analysis of statistical releases.
A Government of Canada website designed for providing Entrepreneurs with all the resources they may need. From starting, planning, financing, managing and growing your business, every aspect is covered. Complete with Blogs, news & tips and tools, you’ll find all your answers, and more, here!
Futurpreneur Canada has been fueling the entrepreneurial passions of Canada’s young enterprise for nearly two decades. They are the only national, non-proﬁt organization that provides ﬁnancing, mentoring and support tools to aspiring business owners aged 18-39. Their internationally recognized mentoring program hand matches young entrepreneurs with a business expert from a network of more than 2,800 volunteer mentors. Click the link above to check it out!
Empowering Entrepreneurs in real time. Located in Kenora & offers services all across the Rainy River District, they are here to help you with Business tools & resources, Start-up & expansion assistance, Youth entrepreneurship, and Funding guidance & opportunities. The program provides advice and mentorship from local business leaders to help get your business up and running. The program may also provide up to $5,000 for start-up or expansion. Click here for contact information.
Building a business alone is tough. They make it as painless as possible on connecting you to the advice, connections and assistance you need. Their focus is all things innovative. Part of their mission is to help create jobs by supporting innovative entrepreneurs as they establish and/or expand their business. Click here to see how they can help with your innovative idea and/or product.
PARO is focused primarily on delivering programs to enhance enterprise development and to provide for the development and support of peer lending circles. By offering educational programs, economic alternatives, training, opportunity to network and mentor, business counselling, and support, PARO aims to improve the lives of its members and have a positive impact on the community and the region. Click here to see what services they can provide.
NCDS provides employment and training services for unemployed people. They offer job search advice and career guidance for clients. Some of the services include Workshops, job placement services, employer support and offer training incentives for employers willing to hire eligible clients. Their resource is open to the public and offers many free services to assist with your job search. To see what sort of programs they are offering, click here.
OTHER AGENCIES & ORGANIZATIONS