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Eligible businesses can apply for up to $500,000 in capital funding for ventures that improve socio-economic outcomes for their communities.
“The Aboriginal Business Investment Fund – or ABIF – is a fantastic program. Capital grants for small to medium-sized projects can make a big difference on the ground. Entire communities benefit when Indigenous businesses launch or expand. It’s wonderful to see.”
Rick Wilson, Minister of Indigenous Relations
“Without ABIF, we wouldn’t have been able to expand our cultural camp infrastructure. As Indigenous tourism grows, so can we. We’re thrilled to have a proper space for Aseniwuche community members and emerging entrepreneurs to share their stories, expertise and crafts. The cultural camp is on our traditional territory, serving as a culturally safer space for our community members to feel empowered and build skills. Thanks to ABIF, the Aseniwuche community gets to define and lead the opportunities for visitors to learn about local Indigenous culture.”
Courteney Wanyandie-Smith, executive director, Aseniwuche Winewak Nation
ABIF supports projects that increase employment opportunities and local revenue streams for Indigenous communities. Communities must own and control 51 per cent or more of the proposed business or joint venture to be eligible. Eligible projects should be close to starting operations or breaking ground within the fiscal year following funding.
The closing date for applications is September 30.
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