Local Government Grants For Small Businesses – If you are looking for financing for your business in Saskatchewan to get the cash you need to operate or expand your business, consider government grants or other outside programs. Entrepreneurs and small business owners can use this Saskatchewan grant guide to find small business grants in the province, including grants from the Saskatchewan government and third parties.
Small business owners and entrepreneurs applying for Saskatchewan business grants must submit certain information and documents to demonstrate how their company or proposed project meets the program’s financial requirements. to make sure they have everything; Businesses should always collect the following information:
Local Government Grants For Small Businesses
The federal government’s Jobs and the Growth Fund initiative supports economic growth and job creation in Western Canada. Depending on the nature of the business, financing can be in the form of a non-refundable or interest-free loan. which promotes inclusive recovery; This funding agency covers the cost of protecting the country’s competitiveness in the digital arena and supporting economic sectors critical to Canada’s growth and prosperity. Selected projects in the program will receive a total investment of $217 million from Western Economic Diversification Canada (WD). Businesses are entitled to a non-refundable contribution of up to 90% of expenses. In comparison, non-profit organizations can receive interest-free support of up to 50% of eligible costs. In addition, in the case of projects involving indigenous clients, indigenous applicants can receive support of up to 100% of eligible project costs.
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Non-profit organizations; All businesses and cooperatives can submit an application. Indigenous-led organizations and businesses are also strongly encouraged to apply.
You can start applying for Saskatchewan government grants like this on Western Economic Diversification Canada’s application portal.
The Northern Capital Support Program provides financial assistance to northern municipalities and settlements for the construction or purchase of tangible assets and municipal infrastructure.
The local government must contribute 20 percent of the total cost of the project. The government provides support up to a maximum of 80% of the eligible purchase price.
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Complete the Project Screening Form and Grant Approval Form before contacting the Northern District Municipal Department for more information.
The Family Childcare Grant provides support to individuals and companies who want to run childcare in their homes. Home Licensing offers two financing schemes. New businesses can benefit from two things:
Fire, The health protection grant serves the fire protection of family children’s homes, One-time financial support program that meets all health and safety regulations. This includes fire department inspections and equipment or changes necessary to meet specifications.
Start-up grant: This program provides a one-time donation to cover costs associated with setting up childcare facilities.
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Individuals are eligible for financial assistance under the Fire, Health and Safety Grant with a maximum contribution of $1,200. The three types of financing include start-up support.
For businesses operating in the Administrative District of North Saskatchewan; The amount is $3,325 for a new family children’s home, or $3,825. The maximum subsidy for new group family children’s homes is $3,525 ($4,025 for businesses operating in the North Saskatchewan Administrative District). The final option is to receive up to $400 for existing family children’s homes that become group family children’s homes.
Creative Saskatchewan runs the Creative Sector Business Capacity Grant program to promote the expansion of the creative sector in the region. This is the business; development of innovative skills; Emphasis includes activities that increase efficiency or increase the industry’s workforce.
The maximum contribution is $25,000 per fiscal year or $50,000 over 24 months; Eligible projects can receive funding up to 50% of the approved costs.
Canadian Council For Aboriginal Business
Creative Saskatchewan; Another program, the Market and Export Development Support, focuses on the huge marketing potential of companies in the creative sector. within the same funding source; Creative Saskatchewan also collects micro-grants to support occasional marketing initiatives.
With a maximum contribution of $25,000 per year or $50,000 per 24 months; Saskatchewan allows eligible businesses to receive financial assistance of up to 50% of approved costs. A $5,000 micro grant is also available to add to the $25,000 or $50,000 you receive.
Companies operating in the creative field can apply for these financial resources. These activities include book publishing, visual and performing arts; Includes film and television and interactive Internet resources.
First Nations Trust; The Métis Development Fund and Community Development Corporations receive income from casino games under the Gaming Trusts and Grants program (CDC). The Saskatchewan Gaming Corporation Act and the 2002 Gaming Framework Agreement signed by the province and the Saskatchewan Indian Nations obligate Saskatchewan to disburse these funds (FSIN). economic development; social development; educational development, justice initiative; Senior and youth programs; cultural development, community infrastructure development and health initiatives are just some of the projects being considered for funding.
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The Saskatchewan Indian Gaming Authority operates the casino on the reservation and distributes 25% of its net revenue to its Community Development Corporation (SIGA).
If your organization or business is located in a community close to a Saskatchewan casino, you can apply for a grant through CDC. Both First Nations and non-First Nations groups are welcome to apply.
Contact your nearest CDC to learn more about program eligibility requirements and to apply for funding.
The Métis Entrepreneur Capital Program provides capital to Métis business owners in the form of non-refundable grants to develop their businesses. Indigenous women entrepreneurs are welcome to apply.
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For approved Métis, 40% of eligible project expenditures and a maximum contribution of $99,999 are available. up to $250,000; Métis community-owned businesses are entitled to a maximum of 40% of project costs. It is important to note that if the company is sold or closed within three years of receiving the grant, the contribution becomes a loan that must be repaid immediately. Those selected must have Métis ancestry and conduct business in Saskatchewan. If a business is operated as a partnership, a Métis person must hold at least 51% of the shares. The proposed project requires a capital investment of at least 10% from the applicants.
The Canada-Saskatchewan Job Grant, a government-led, employee-driven initiative, trains new or existing employees at non-profit organizations and for-profit companies. It also aims to provide services, job opportunities and skills development opportunities for the unemployed and underemployed.
Up to $100,000 per fiscal year, up to $10,000 per participant, is available to employers applying for assistance through this Saskatchewan Small Business Awards program. The federal and provincial governments each pay one-third of the cost of the course, while these businesses pay the other two-thirds.
Nonprofit and private sector employers are eligible. health areas; post-secondary institutions; public libraries; Municipalities School divisions and independent contractors are examples of disqualified parties. Applicants for the program must be Canadian citizens or legal residents; This program does not accept temporary foreign workers.
Government Grants To Start A Small Business
Before sending the completed copy to the nearest Canada-Saskatchewan Job Grant (CSJG) office. Applicants must complete an employer application form and an instructor reference. By managing your books with appropriate accounting tools; We can ensure that your Saskatchewan Small Business Awards application is successful. With QuickBooks Online, you can manage your money and create the financial reports you need to apply for the right financing options and financing sources.
This funding is available to MNA regions that do not qualify for the Canada Emergency Business Account (CEBA) or other federal grant programs; Small Métis-owned businesses, as well as businesses in Aboriginal and Métis settlements, receive non-refundable financial support.
The Canadian Agriculture Partnership (CAP) is a funding program administered by the provincial government to support the province’s agriculture sector. science research and innovation; environmental sustainability; Agricultural food processing; Supporting the growth of many sectors including marketing and trading and risk management; This five-year plan provides $388 million in federal and state funding.
Saskatchewan received $388 million in support for all sectors of the agricultural industry. The Agricultural Development Fund (ADF) provides 15 million dollars annually to initiatives in the sector. In general, the amount of small business financing depends on how much is offered in the particular industry and the specifics of the proposed project or business.
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So you decided to start a small business. Or maybe you have one and want to expand. However, you may need Money to advance to the next level. One way to get your small business funded and moving in the right direction is to apply for government-backed small business grants in Saskatchewan. The above grants have been awarded by Peterborough and Kawarthas Economic Development (PKED) through the government to local small businesses in Peterborough and Peterborough County as small grants of $5,000 to start your small business.
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