Funding available for NWT Business through SEED Program

Supplied by GNWT.
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NWT businesses can now apply to the Department of Industry, Tourism and Investment’s Support for Entrepreneurs and Economic Development Program for funding.

Up to $7,500 is available to individual businesses that need completed bookkeeping and/or financial statements to advance economic recovery or to apply for government funding.

A minimum equity requirement of 10% will be required. The total amount of funding available for this initiative is $400,000.

Caroline Wawzonek – Minister of ITI says the GNWT applauds the efforts that businesses are taking to adapt and recover during this unprecedented time.

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“In turn, the government is also adapting to meet the needs of NWT-based entrepreneurs and small businesses.“

Businesses who have already received federal assistance for professional bookkeeping services are not eligible.

Applications will be considered retroactive to April 1st.

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