Government of Nunavut - Small Business Support Program
The Department of Economic Development & Transportation’s Small Business Support Program provides contributions to small and medium-sized businesses for pre-planning, planning, start-up, staff development and market development that may be seen as ‘incentives’ to investor participation with Nunavut businesses.
In each of the Nunavut regions – Kitikmeot, Kivalliq and Baffin (or Qikiqtaaluk) – there is a Business Development Centre office that provides both business advisory services as well as loans, loan guarantees, bid security and investment placement to a maximum of $150,000.
Nunavut Business Credit Corporation (NBCC)
NBCC provides up to $1,000,000 in debt financing to small and medium-sized businesses through such instruments as loans, loan guarantees, bid security and investment placement.
Business Development Centres
Government of Nunavut - Strategic Investments Program – Nunavut Equity Investment Fund
The purpose of the program is to encourage private investment in strategic growth sectors by providing contributions toward new or expanding Nunavut businesses. Nunavut businesses that are carrying on operations in the territory are eligible.
Aboriginal Business Canada (ABC)
ABC programs provide contribution support to aboriginal-owned businesses in Nunavut in priority development areas of tourism, youth, market expansion and mining. The programs are administered through the three Regional Inuit Association CEDOs.
Atuqtuarvik Corporation provides venture debt financing to small and medium-sized Inuit-owned businesses through such instruments as loans, loan guarantees, bid security and investment placement.
Business Support programs
Business contribution programs offered through the Regional Inuit Association business development organizations also provide small and medium-sized business contributions that may be seen as ‘incentives’ to investor participation with Nunavut business. Non-financial assistance is also available through the Economic Development Officer in each community, Regional Inuit Association CEDOs and Community Futures Development Corporation offices that may provide search and/or business match services to an investor.
For further information, please contact:
Department of Economic Development & Transportation
Government of Nunavut
Phone: (867) 975–7800 Fax: (867) 975–7870 Email: email@example.com