Business Development Centres
Business Development Centres in each region provide local businesses with business tools and services like counselling or financing to help navigate the challenges faced by local businesses at the start up or consider expansion.
Business Development Centres support economic and community development by working with existing businesses, new entrepreneurs, or local community groups. While there are many organizations that can offer financial support or business support advice, these local business development centres provide connections and information that addresses unique circumstances for Nunavummiut businesses.
Baffin Business Development Corporation
- Financial Assistance
BBDC is a lending institution providing services to new and existing businesses capable of repaying their loans.
Baffin Business Development Corporation (BBDC) provides loans for the purposes of business start-up, business expansion and business acquisition. Eligible projects must be commercially viable, based in the Baffin region and create benefits such as jobs and increased business revenues and assets.
- Business Counselling
BBDC provides business counselling at all levels of the business cycle. The business development division focuses on assisting clients through counselling, and providing loans and grants to maximize growth potential, develop plans and expand. Counselling clients and making referrals is a significant portion of the services BBDC offers throughout the year. For an application form, please contact 867-979-1303.
For more information, please visit their website here.
Kitikmeot Community Futures Incorporated
Kitikmeot Community Futures Incorporated (KCFI) provides a wide variety of business tools and services to help entrepreneurs and business owners in the Kitikmeot Region of Nunavut.
Their services include consultation and advice on how to research business opportunities, develop business plans, as well as providing loans.
For more information, please visit their website here.
Kivalliq Business Development Centre
Kivalliq Businesses Development Centre (KBDC) is a registered society. The organization operates to promote and loan funds for the development of new businesses in the Kivalliq region.