Small Business Development
The Small Business development area of Piikani Economic Development is responsible for promoting and supporting small businesses for Piikani Nation members.
Piikani Economic Development provides the following supports:
Piikani Economic Development provides the following supports:
- Entrepreneur Training
- Support for existing business, including workshops, a resource centre, and other capacity-building activities
- Referrals for funding and other resources to external agencies, including the Alberta Indian Investment Corporation (AIIC),Community Futures Treaty Seven, and the Indian Business Corporation (IBC)
- Piikani Resource Development Ltd. provides small business grants to Piikani Nation members who wish to start up a business or expand their current business.
Piikani Nation Grant Equity Program:
Eligible Criteria:
Piikani Nation Member or Qualified Business;
Piikani Nation Member and/or sole proprietorship, has an identifiable structure;
Purpose demonstrated that the Grant Qualified Business or the expansion of an existing qualified Business;
Is engaged for-profit activities.
For greater certainty, the Grants are not available to charities on non-profit organizations including without limitations, which provide services in areas of religion, educational, social, political, sporting or athletic activities;
The Grant to leaver additional financing from other conventional financing sources or to purchase capitol assets;
To receive a Grant more than $5000.00, a business plan that clearly defines goals and objectives, and identifies achievement of goals and objectives;
For a Grant to expand a Business that has been funded through a prior grant, the total amount of the Grant will not exceed 50% of the total cost of capital assets required for expansion;
For a Grant to expand a business that has been funded through a prior Grant, as system in place to monitor and evaluate results to determine if there's compliance with the goals and objectives identified in the business plan;
Has an operating budget and/or financial plan that clearly defines revenues and expenses and, where necessary, provides for a capitol budget;
Can demonstrate financial sustainability;
Other sources of financial support from potential investors, financial institutions and from governments other than Piikani Nation.
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Piikani Resource Development Ltd. partners and resources.
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