Resource & Energy Investment Program - First Peoples Economic Growth Fund Inc. (Manitoba, Canada)
Last modified on February 12, 2015.
The Resource and Energy Investment Program is intended to provide debt or equity financing to large-scale businesses in either the resource or energy sectors of the Manitoba economy. All investments will be made in Manitoba to enhance the ownership and participation of First Nations or First Nations entrepreneurs in those businesses that show high potential for viability. Applicants must present a sound business plan.
Financing is available from $500,000 to $2,000,000 (Canada)and will typically represent about 20% of the total financing required. A variety of debt or equity financing instruments can be tailored to meet the client’s needs.
Businesses funded under this program must:
- have a profit objective (not-for-profit projects will not be considered) - demonstrate viability through a sound business plan - primarily operate in Manitoba - be in the resource or energy sectors (including servicing major resource or energy developments)
While First Nation ownership and control is the ultimate goal, it is recognized that many of these larger-scale business ventures may be partnerships or joint ventures where the First Nation owners will be less than 50%.
|Department||First Peoples Economic Growth Fund Inc.|
|Address||315 – 260 St. Mary Avenue|
|Zip/Postal Code||R3C 0M6|