Aboriginal Business Investment Fund (ABIF)

Overview of the Aboriginal Business Investment Fund (ABIF) program:

The Aboriginal Business Investment Fund (ABIF) is a program by the Government of Alberta that provides financial support to Indigenous community-owned businesses and economic development projects. The program aims to promote economic growth and diversification in Indigenous communities by funding projects that create jobs, build infrastructure, and enhance the business capacity of Indigenous organizations.

Benefits of the Aboriginal Business Investment Fund (ABIF) program:

• Funding Support:
• Grants cover up to 100% of eligible project costs, up to a maximum of $500,000.
• Funding can be used for capital costs, such as construction, equipment purchase, and renovation.
• It can also cover operational costs, like training, marketing, and business planning.

Eligibility criteria of the Aboriginal Business Investment Fund (ABIF) program:

• Eligible Applicants:
• Indigenous communities in Alberta, including First Nations, Metis Settlements, and other Indigenous organizations.
• Applicants must demonstrate that their business or project is community-owned and provides broad benefits to the Indigenous community.
• Eligible Projects:
• Projects that create new or expand existing businesses.
• Initiatives that develop infrastructure, such as commercial buildings, facilities, or utilities that support economic development.
• Business expansions that enhance community-owned businesses operational capacity or market reach.