CBDC Entrepreneurial Opportunities Program (EOP) ### 📋 Eligible Entities - Individuals receiving Provincial Income Support in Newfoundland and Labrador - Individuals who are eligible to receive Provincial Income Support (even if not currently enrolled) - Prospective self-employed business owners - Sole proprietors planning to establish new ventures - Note: Non-profits and incorporated businesses are not explicitly mentioned as eligible ### 💰 Funding Details - Maximum Grant Amount: $5,000 - Grant Type: Non-repayable financial assistance - Matching Requirements: Not specified - Additional Support Included: - Business plan guidance - Business counselling services - Training programs for self-employment preparation - Repayability: Grant funds do not require repayment ### 🛠️ Approved Expenses The program description does not explicitly itemize eligible expenses. However, based on typical CBDC programming, funds likely support: - Start-up costs for new self-employment ventures - Business equipment or tools - Initial inventory or supplies - Business registration and licensing fees - Working capital for business launch - Clarification recommended: Contact your local CBDC office for definitive list of approvable expenses ### ⚠️ Conditions & Milestones - Primary Requirement: Active or eligible Provincial Income Support status - Geographic Restriction: Must be located in Newfoundland and Labrador - Program Components: Participation in business counselling and training is mandatory - Business Plan: Development of a business plan required (guidance provided) - Self-Employment Focus: Funds must support transition to self-employment - Timeline & Milestones: Not specified in description—contact CBDC for application deadlines and disbursement schedule - Reporting: Likely post-funding reporting requirements (confirm with program administrator)