May 11, 2020
Applications are once again being accepted for funding under ITI’s Support for Entrepreneurs and Economic Development (SEED) Program.
$4 million Support for Entrepreneurs and Economic Development (SEED) Program Budget to Focus on Business Recovery
If you are interested in applying for SEED programming in the 2020-2021 year, there are three things that you’ll be happy to know.
There is a new guideline in place designed to prioritize those applications that are forward-looking, where local employment is emphasized, and where the bulk of the funds will be spent in our communities.
These priorities have always been important in the SEED Policy, but are now being emphasized, given the economic circumstances created by the COVID-19 pandemic.
One of the core strengths of the existing SEED Policy is that it allows for flexibility and for regional offices to respond to local economic circumstances as well as unique opportunities within their region.
The approach of introducing a principle-based COVID guideline for the 2020-21fscal year was taken to maintain this degree of flexibility.
As they always have, ITI’s regional offices will also evaluate proposals on their individual merits and in accordance to the criteria reflected in the SEED Policy.
The 2020-21 SEED Policy budget approved by Members of the Legislative Assembly in the 2020-21 Interim Appropriation totals $3.866 million. ITI has increased this budget to $4 million through a reallocation of internal resources.
Do you have questions about the new guidelines or how to apply? Click here