Community Business Development Program

Overview of the Community Business Development Program program:

This program is intended to assist Métis communities develop businesses that will result in the creation of wealth and jobs for Métis people. Under this program CCDF can provide a one-time non-repayable grant up to a maximum of $300,000 or 50% of project costs excluding pre-operating costs and working capital. Should the business be sold or disposed of within three years of receiving a non-repayable grant it will become repayable immediately. As well, CCDF can contribute a repayable loan up to a max of $700,000 as a repayable loan contribution. Repayable loan contributions and non-repayable grants will not exceed 85% of approved project costs. Maximum funding under this program will be $1,000,000.

Benefits of the Community Business Development Program program:

• The purpose of this program is:
• To establish a new business
• To purchase an existing business
• To expand and renovate an existing business

Eligibility criteria of the Community Business Development Program program:

• Businesses funded under this program must demonstrate viability through a sound business plan.
• The community will be expected to demonstrate its commitment through an injection of reasonable equity.
• The Metis Community, Region or Economic Development Corporation must operate the business in Saskatchewan.