Lands and Economic Services Development

Overview of the Lands and Economic Services Development program:

The Aboriginal Business and Entrepreneurship Development (ABED) program is designed to support Indigenous entrepreneurs, businesses, and organizations across Canada. The program provides funding and advisory services to help establish or expand businesses, create jobs, and promote economic development in Indigenous communities. The focus is on fostering sustainable business growth and enhancing the economic self-sufficiency of Indigenous peoples.

Benefits of the Lands and Economic Services Development program:

• Financial Support: The program offers financial assistance to help start, grow, or acquire a business. This includes contributions toward business planning, capital costs, marketing, and other business development activities.
• Advisory Services: Participants receive guidance and mentorship from experienced business advisors to help navigate the challenges of entrepreneurship and maximize the potential for success.
• Networking Opportunities: The program facilitates connections with industry experts, investors, and other entrepreneurs, fostering collaboration and knowledge-sharing.

Eligibility criteria of the Lands and Economic Services Development program:

• Indigenous individuals or community-owned businesses, including First Nations, Inuit, and Metis entrepreneurs.
• Businesses must be majority-owned (at least 51%) by Indigenous individuals or organizations.
• The business should be either in the start-up phase or seeking to expand.
• Applicants must demonstrate a viable business idea with potential for sustainability and growth.