Partnerships to Help Create and Grow Indigenous Businesses
Backgrounder
CanNor, the Kakivak Association, and the Kitikmeot Inuit Association are investing close to $2 million to modernize and expand fuel truck garage facilities across Nunavut through the Entrepreneurship and Business Development (EBD) fund.
These organizations use their in-depth knowledge and experience of local economies to support businesses, take advantage of economic opportunities, and provide a suite of services to support entrepreneurs.
| Co-op Investment | Entrepreneurship and Business Development Investment | Total | |
|---|---|---|---|
| Hall Beach Co-op | $493,000 | $235,000 | $728,000 |
| Igloolik Co-op | $506,927 | $250,000 | $756,927 |
| Kimik Co-op - Kimmirut | $339,946 | $208,000 | $547,946 |
| Mitiq Co-op - Sanikiluaq | $561,524 | $250,000 | $811,524 |
| Tununiq Sauniq Co-op - Pond Inlet | $689,652 | $250,000 | $939,652 |
| Taqqut Co-op - Arctic Bay | $754,528 | $250,000 | $1,004,528 |
| Tulugak Co-op - Qikiqtarjuaq | $688,649 | $250,000 | $938,649 |
| Sub- total | $4,033,976 | $1,693,250 | $5,727,226 |
| Co-op Funding | Entrepreneurship and Business Development Investment | Total | |
|---|---|---|---|
| Kugluktuk Eskimo Co-op | $1,162,830 | $250,000 | $1,412,830 |
| TOTAL FUNDING | Co-operatives | Entrepreneurship and Business Development Investment | Total |
|---|---|---|---|
| $5,196,806 | $1,943,250 | $7,140,056 |
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