The GGDL Entrepreneurial Grants Program provides business advisory services and support to Gordon First Nation members. The program is managed through George Gordon Developments Ltd. and receives business plan submissions prior to the new fiscal year (GGDL’s fiscal year is based on the calendar year). The next cycle will commence in March 2016 for the 2016 year.
Who is eligible for support?
-Applicants must be a George Gordon First Nation Band member who is eighteen (18) years of age and older;
-Applicants must not be indebted to the band in excess of $500.00 from all sources;
-Applicants must possess majority ownership of business;
-Applicants must own working cellular phone (phone bill should be included in application).
What kind of services does the GGDL Entrepreneurial Grants Program provide for business?
Financial assistance can be made available to:
1.) Small Business Start-up—Entrepreneur Training & Business Plan Development (the Communications & Marketing Officer will provide advice and resources regarding the development of your business plan);
2.) Self Employed Trades Skills & Equipment Program—To encourage and support self-employed trades;
3.) Business Enhancement Program—to Provide existing business operators an opportunity to expand or diversify.
Technical support can be available through the GGDL Entrepreneurial Grants Program to:
-Assist clients in processing applications
-Assist clients in preparing pre-business plan outline
-Provide referral services to other agencies
-Build Capacity through training or community workshops.
[All support will be facilitated by the Communications & Marketing Officer of GGDL]
If I am eligible for support, what is expected of me as the client?
You must be actively involved in operating the business and the business must demonstrate that it can support an appropriate income.
What financing can the GGDL Entrepreneurial Grants Program offer?
The program is designed to support business initiatives that will contribute to the sustainability of the local economy. Therefore, the program financing options are limited to building capacity and providing basic start-up costs for small business operators. The scope of the program is to provide advice and referral services so that the client can leverage additional financing from the relevant agencies.
Small Business Start-Up—Grant available of $5,000.00 to $15,000.00 plus business plan training ($30,000 earmarked);
Self-Employed Trades Skill & Equipment Program—Maximum of $500.00 for commercial trades & skills ($2,500.00 earmarked);
Business Enhancement Program—Maximum of $2,500.00 to $3,500.00 for majority owned existing businesses for capital equity and operating ($17,500 earmarked).
Is there a maximum contribution?
Yes, the maximum contribution is up to Fifteen Thousand Dollars ($15,000.00) per Band member, per business, per fiscal period. Band members receiving a contribution will not be eligible for additional financial support prior to the two (2) year period following receipt of a contribution.
Do I have to repay this contribution?
No… providing that you are in compliance with the terms and conditions of the program guidelines outlined herein.