Business Contribution Fund/Business Equity Contribution Fund (NGO)

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The Business Contribution Fund (BCF) provides non-repayable contributions to eligible Aboriginal businesses in Manitoba, which may be used toward the start-up, expansion or acquisition of a viable business.

Summary

Business Contribution Fund/Business Equity Contribution Fund (NGO)

First Peoples Economic Growth Fund and Louis Riel Capital Corporation

The Business Contribution Fund (BCF) provides non-repayable contributions to eligible Aboriginal businesses in Manitoba, which may be used toward the start-up, expansion or acquisition of a viable business.

First Peoples Economic Growth Fund

The First Peoples Economic Growth Fund offers a contribution towards a business owned by an Aboriginal individual up to 30 per cent of eligible costs, to a maximum value of $99,999. The contribution towards a community-based business is up to 30 per cent of eligible costs, to a maximum $250,000.

Louis Riel Capital Corporation

The Louis Riel Capital Corporation offers a contribution towards a business owned by an Aboriginal individual up to 30 per cent of eligible costs, to a maximum value of $99,999.The contribution towards a community-based business is up to 30 per cent of eligible costs, to a maximum $250,000.

The BCF may also be able to contribute up to 60 per cent towards marketing costs and 75 per cent towards business support costs, such as legal, accounting set-up and management mentoring.

Target Audience

Eligible applicants are individuals of First Nations, Metis or Inuit heritage. Community based businesses and organizations are also eligible for support. Businesses and organizations must be majority Aboriginal-owned and controlled. In Manitoba, the program is delivered by First Peoples Economic Growth Fund (First Nations applicants) and Louis Riel Capital Corporation (Metis and Inuit applicants).

Eligibility

Applying businesses must satisfy the following conditions.

  • A minimum of 10 per cent cash equity to put into the business is required.
  • A minimum 40 per cent commercial loan is required as part of the total financing of the business.
  • The business must be at least 51 per cent Aboriginal owned and controlled.
  • If it is a partnership, the business must be at least 51 per cent Aboriginal owned and the contribution will be in proportion to the percentage of aboriginal ownership.
  • The Aboriginal owner (or partner) must be an integral part of the business.
  • The business must show viability and management capacity through the submission of a business plan.

Note: Eligibility requirements may vary with each program.

For more information regarding the LRCC, please visit www.lrcc.mb.ca.
For more information regarding the FPEGF, please visit www.firstpeoplesfund.ca.

Contact
 

First Nations Applicants:
First Peoples Economic Growth Fund Inc.
102 - 1075 Portage Ave.
Winnipeg, Manitoba R3G 0R8
Phone: 204-942-6026
Toll free: 1-888-942-6026
Fax: 204-942-6441
Email: info@firstpeoplesfund.ca
Website: www.firstpeoplesfund.ca

Metis and Inuit Applicants:
Louis Riel Capital Corporation
340 – 150 Henry Ave.
Winnipeg, Manitoba R3B 0J7
Phone: 204-589-0772
Toll free: 1-800-387-6004
Fax: 204-589-0791
Email: info@lrcc.mb.ca
Website: www.lrcc.mb.ca