Trolling for Trout in Great Slave

Sector Support (SEED)

What is it?

The Sector Support category of the SEED policy is available for individual NWT Businesses, NWT Business Associations, Aboriginal Organizations, or Municipalities within the sectors: E-commerce, Energy and Environmental Sustainability, Industry focused on Import Replacement, and Tourism. There are two categories of Sector Support: Capital Expansion and Sector Research

Capital Expansion Incentive

What is the purpose?

To offset loan interest associated with new capital purchases for the expansion of your business.

What are the funds for?

  • Interest on loans from any GNWT agency or private commercial lender. Assistance must be approved and negotiated before the loan is approved.

What information do I need to provide?

  • Proof that your business is within one of the approved sectors.
  • Identification of the lending institution.
  • Full loan description including: terms, principle, and interest rates.
  • Outline of the scope and intent of your project. This is to include: budget, quotes, and related statements.
  • A historical financial statement (income, cash flow, and balance sheet) for three years prior and projections for three years coming.
  • Any other relevant information related to the proposal. This may include what is requested by the regional panel for evaluation and recommendation purposes.

Equity Requirements

  • Group 1 communities (Yellowknife, Hay River, Fort Smith, and Inuvik) – 30%
  • Group 2 communities (all other communities within NWT) – 20%

Sector Research Support

What is the Purpose?

To provide contribution to support product research and investment attractions such as: product development and packaging in sector approved businesses.

What are the Funds for?

  • Feasibility studies and strategic plans that will enable the business to increase their competitive advantage within a sector.
  • Professional assistance when developing a strategic plan such as: legal, accounting, appraisal of assets, and other documents to attract potential investors.
  • Sector-specific marketing campaigns.

What information do I need to provide?

  • Outline of the scope and intent of the project. This is to include: budget, quotes, and related statements.
  • The names of any outside services providing assistance to the project.
  • Any other relevant information related to the proposal. This may include what is requested by the regional panel for evaluation and recommendation purposes.

Equity requirements

  • Group 1 communities (Yellowknife, Hay River, Fort Smith, and Inuvik) – 30%
  • Group 2 communities (all other communities within the NWT) – 20%

To apply for Sector Support funding, download the form below. 

Documents: 
AttachmentSize
PDF icon SEED Application Form416.08 KB