Black Business Start Up Grants – Consider applying for government grants or other third-party programs if you’re looking for funding alternatives for your Saskatchewan organization to get the cash you need to run or grow your organization. Entrepreneurs and small business owners can use this Saskatchewan Grants Guide to locate small business grants in the province, including grants from the Government of Saskatchewan and outside organizations.
Small business owners and entrepreneurs applying for business grants in Saskatchewan must offer certain information and supporting documentation to demonstrate how their company or proposed project meets the program’s funding requirements. To make sure they have everything covered, businesses should always collect the following data:
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A federal government initiative called the Jobs, and Growth Fund supports economic expansion and job creation in Western Canada. Depending on the nature of the business, funding may be in the form of non-refundable donations or interest-free loans. The costs of approved activities, such as those that promote an inclusive recovery, maintain the country’s digital competitiveness and boost economic sectors essential to Canada’s growth and recovery, will be covered by this funding agency. The program’s selected projects receive investments totaling $217 million from Western Economic Diversification Canada (WD). Businesses are eligible to receive a non-refundable donation of up to 90% of expenses. For comparison, non-profit organizations are entitled to receive an interest-free donation of up to 50% of the eligible costs. In addition, for projects that include an indigenous clientele, indigenous applicants can receive a contribution of up to 100% of the eligible project cost.
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Non-profit organizations, businesses and cooperatives may submit applications. It is also highly recommended that native-led entities and businesses apply.
You can start applying for Saskatchewan government grants like this one by visiting Canada’s Western Economic Diversity Portal.
The Northern Capital Grant Program provides financial assistance to municipalities and settlements in the North so that they can build or buy capital assets and urban infrastructure.
The local municipality must contribute 20% of the total project expenses. The government will provide grant funding as a maximum financial contribution of up to 80% of the eligible purchase prices.
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Before contacting the North Municipality department for more information, fill out the project’s basic analysis form and the grant approval application form.
Family Child Care Assistance Grants For individuals and companies interested in operating a child care center in their home, Home Licensing offers two types of funding programs. New businesses can benefit from any of these:
The fire, health and safety grant is a one-time financial assistance program that helps family child care homes meet all the fire, health and safety standards required to run this type of business. This covers fire tests and any equipment or modifications required to meet the specification.
Start-up Grant: This program offers a one-time donation to help with the costs associated with creating childcare facilities.
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Individuals are eligible for financial help under the Fire, Health and Safety Grant with a maximum contribution of $1,200. Three funding streams make up the start-up grant.
For organizations in the Northern Administrative Region of Saskatchewan, the amount is $3,325 or $3,825 for new family care homes. The maximum grant for new family care homes for families is $3,525 ($4,025 for businesses in the Northern Administrative District of Saskatchewan). The final option is to receive up to $400 for current family care homes that convert to group family care homes.
To promote the expansion of the creative industry in the region, Creative Saskatchewan is running the Creative Sector Business Capability Grant. This covers initiatives that emphasize entrepreneurship, developing innovative skills, increasing efficiency or increasing the industry’s workforce.
With a maximum contribution of $25,000 per fiscal year or $50,000 within 24 months, qualified projects can receive funding to pay up to 50% of approved costs.
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Another Creative Saskatchewan program, the Market Development and Export Grant, focuses on massive marketing opportunities for companies in the creative sector. Within the same funding stream, Creative Saskatchewan is also promoting a micro-grant to support modest marketing initiatives.
With a maximum contribution of $25,000 per year or $50,000 per 24 months, Saskatchewan allows eligible businesses to receive financial assistance designed to pay up to 50% of approved costs. There is also a $5,000 micro grant available, which will be added to the $25,000 or $50,000 total received.
Companies in the creative industry are eligible to apply for these financial resources. These industries include book publishing, visual and performing arts, film and television, and interactive web resources.
First Nations Trust, Métis Development Trust and Community Development Corporations receive casino gaming revenue under the Gaming Trusts and Grants (CDCs) program. The Saskatchewan Gaming Corporation Act and the Gaming Framework Agreement of 2002, signed by the province and the Federation of Saskatchewan Indian Nations, require Saskatchewan to pay these funds (FSIN). Economic growth, social development, educational development, justice initiatives, senior and youth programs, cultural development, community infrastructure development and health initiatives are just a small part of the projects considered for funding.
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The Saskatchewan Indian Gaming Authority operates a casino on the reserve, and it distributes 25% of its net profits to these Community Development Corporations (SIGA).
If your organization or business is located in a community close to a casino in Saskatchewan, you are eligible to apply for funding through the CDC. First Nations and non-First Nations groups are eligible to apply.
Contact your nearest CDC to learn more about this program’s eligibility requirements and to apply for funding.
The Métis Entrepreneur Equity program provides Métis business owners with capital in the form of a non-repayable donation to help them grow their enterprises. Applications from native women business owners are invited.
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Amounts of up to 40% of eligible project expenses and a maximum contribution of $99,999 are available to approved Métis people. Up to a maximum of $250,000, Métis community-owned ventures are eligible to receive up to 40% of the project cost. It is important to remember that the donation will become a loan that can be repaid immediately if the company is sold or closed within three years of receiving the funds. Those selected must be of Métis descent and run a business in Saskatchewan. A Metis person must own at least 51% of the business if the business is run as a partnership. A minimum equity investment of 10% is required from applicants for the proposed project.
An employee-driven government initiative called the Canada-Saskatchewan Job Grant helps non-profit organizations and for-profit companies train new or existing employees. The plan also intends to offer more services and options for job opportunities and skill development for underemployed and unemployed workers.
A maximum of $100,000 in each fiscal year, with a maximum of $10,000 per trainee, is available to employers seeking assistance through this Saskatchewan Small Business Awards program. The federal and provincial governments will each pay one-third of the training costs, with these enterprises responsible for the other two-thirds.
Not-for-profit and private sector employers are eligible. Publicly supported organizations such as health districts, post-secondary institutions, public libraries, municipalities, school divisions and independent contractors are examples of entities that are not eligible. Applicants for the program must be Canadian citizens or legal residents, and this program does not accept temporary foreign workers.
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Before forwarding the completed copy to your nearest Canada-Saskatchewan (CSJG) office, applicants must complete the employer application form and training provider quote. By managing your books with the proper accounting tools, you can ensure the success of your application for Saskatchewan Small Business Awards. You can manage your money with QuickBooks Online and create the financial reports you need to apply for the right financing opportunities and financial resources.
This fund will provide non-reimbursable financial support to Métis-owned micro-businesses and businesses jointly owned by MNA regions, localities and Métis Settlements that are not eligible for the Canada Emergency Response Account (CEBA) or other federal support programs.
A funding initiative run by the provincial government, the Canadian Agricultural Partnership (CAP), is designed to assist the province’s agricultural sector. To support the growth of the many sectors, including science, research and innovation, environmental sustainability, agri-food processing, markets and trade, and risk management, this five-year project provides $388 million in federal and provincial funding.
All sectors of the agriculture industry in Saskatchewan received $388 million in subsidies. The Agricultural Development Fund (ADF) offers 15 million dollars annually for initiatives involved in this industry. Overall, the amount of financing given to small businesses depends on the amount offered in that industry and the details of the project or venture being offered.
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So, you’ve decided to start a small business, or maybe you already have one and want to expand it. Either way, you’ll probably need money to move on to the next level. One approach to funding your small business and moving in the right direction is to apply for government sponsored small business grants in Saskatchewan. You can see the grants mentioned above to get your small business going. Welcome to Breaking the Plan – a series that dives into the unique business challenges and opportunities of underrepresented business owners and entrepreneurs. Learn how they grew or
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