Programme d'aide au développement des collectivités des Territoires du Nord-Ouest ### 📋 Eligible Entities - Small and medium-sized enterprises (SMEs) located in the Northwest Territories - New business startups - Existing businesses seeking expansion or growth - Sole proprietors and self-employed individuals - Incorporated businesses - Cooperatives and community-based enterprises - Businesses operating in primary sectors (resource extraction, tourism, services, etc.) - Businesses demonstrating community benefit and economic development potential in NWT communities ### 💰 Funding Details - Maximum Funding: Up to $200,000 CAD per eligible project - Funding Composition: - Business advisory services (consulting support) - Wage subsidies (salary support for employees) - Loans or loan guarantees - Repayability: Loan and guarantee portions must be repaid according to negotiated terms; wage subsidies and advisory services are non-repayable grants - Matching Requirements: Specific matching contributions may be required (verify with program administrator) - Interest Rates: Dependent on loan structure and creditworthiness; guarantees may reduce borrowing costs ### 🛠️ Approved Expenses - Business advisory and consulting services (business planning, strategy, financial management) - Employee wages and salaries (wage subsidies during startup or expansion phase) - Working capital for business launch or growth - Equipment and technology purchases essential to operations - Infrastructure development within NWT communities - Training and skills development for employees - Marketing and business development activities - Professional services (accounting, legal, etc.) - Operating expenses directly tied to business establishment or expansion ### ⚠️ Conditions & Milestones - Geographic Requirement: Business must be located in and serve the Northwest Territories - Community Development Focus: Project must demonstrate tangible benefit to NWT communities - Business Viability: Applicant must present a credible business plan with realistic projections - Compliance: Must comply with all territorial and federal employment and business regulations - Reporting: Regular progress reports and financial accountability required - Use of Funds: Funds must be used as approved in the