Small Business Support Program

The Small Business Support Program provides small businesses, community organizations and individuals with funding to invest in new business attraction, retention, expansion and support.

Applicant Eligibility

Businesses or entrepreneurs typically with less than $500,000 in gross sales or fewer than ten employees are eligible to apply. The funding is available to businesses from all sectors including but not limited to artist, craftspeople, retail, tourism, and harvesters.

Applicants must be in good standing and have no outstanding accounting or other contractual obligations with the Department of Economic Development and Transportation.

Expense Eligibility

Business relief funding is available to subsidise eligible business expenses including insurance or licensing fees, office rentals, utilities or non-refundable business expenses for goods that are unusable due to the pandemic.

The funding may not be used to compensate for lost income or revenue, tax remittances, loan payments and/or owner drawings.

Funding may be used to subsidise costs incurred between November 1, 2021 to March 31, 2022.

Application Process

Applicants must submit a completed application package that includes:

• Small Business Support Program Application
• A short explanation of how the business has been affected by the pandemic.

Applications are being accepted until March 31, 2022.

Completed application packages can be submitted through local Community Economic Development Officers (where available) or the relevant Regional Community Operations Office.

Additional Funding Schedules

Through the Grants and Contributions Policy the Small Business Support Program also supports small businesses and entrepreneurs through these funds:

Small Business Opportunities Fund

• aims to help business start-ups and expansions
• includes support for developing business and marketing plans
• also supports new pilot projects, and business and "wind-down"

Entrepreneur Development Fund

• assists business through training and skill development
• eligible training includes accounting, bookkeeping, business start-up, and tourism safety and risk management
• also assists in the establishment of business aftercare programs

Sustainable Livelihood Fund

• supports activity in the tourism, arts & crafts and harvesting sectors
• assistance to overcome immediate legal or bookkeeping problems
• support the purchase of tools and other minor capital items
• helps pay for tourism operators' liability insurance

Application Process

Applicants must submit the following form to their local Hamlet Community Economic Development Officer (where available) or the relevant Regional Community Operations Office.

Small Business Support Program Application

Contact

Kitikmeot - Community Economic Development Office

P.O. Box 316, Kugluktuk, NU X0B 0E0

Toll-free phone: 1-844-475-1166

Phone: 867-982-7445

Fax: 867-982-3204

Email: [email protected]

Kivalliq - Community Economic Development Office

P.O. Box 979, Rankin Inlet, NU X0C 0G0

Toll-free phone: 1-844-737-8627

Phone: 867-645-8451

Fax: 867-645-8455

Email: [email protected]

North Baffin - Community Economic Development Office

P.O. Box 389, Pond Inlet, NU X0A 0S0

Toll-free phone: 1-888-899-7338

Phone: 867-899-7344

Fax: 867-899-7348

Email: [email protected]

South Baffin - Community Economic Development Office

Manager, Community Economic DevelopmentEcono

mic Development and Transportation

P.O. Box 612, Pangnirtung, NU X0A 0R0

Toll-free phone: 1-844-737-8628

Phone: 867-473-2661

Fax: 867-473-2663

Email: [email protected]