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Métis Entrepreneurs’ Assistance Program (MEAP) | Apeetogosan

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Value

Provide up to 30% of your project total to a maximum of $99,999.

Description

This program provides equity assistance for the start-up or the expansion of small businesses. The grant is for Métis individuals and is named The Métis Entrepreneurs’ Assistance Program (MEAP). Please note that you will be filling out one application that contains information for both the Grant and the Loan.

Eligible Applicants

  • Have a valid Métis Identification
  • Projects must be a start-up or expansion of a business.
  • Project must lead to full time employment (can not be part time or working another position elsewhere)
  • The business must generate an income for the applicant of at least $20,000 annually
  • The business must be the applicants main source of income
  • The applicant must be the majority owner of the business (at least 51% ownership in the company)
  • The applicant must be involved in the operations of the business
  • The applicant must have experience in the industry of the business (minimum six months – 1 year) and must be able to provide the service(s) offered by the business
  • The applicant must contribute a minimum of 10% cash equity of the project costs
  • The applicant must first apply for financing through Apeetogosan for costs not covered by the grant
  • The grant cannot contribute to passive investments, property, houses or buildings, cannabis or tobacco related businesses and the sale of alcohol or gambling products
  • The applicant must show that the business is viable and sustainable
  • The applicant must have the necessary licensing, safety or certification for their particular business
  • The business must be located in Alberta
  • The applicant must be a resident of Alberta for a minimum of six (6) months
  • The total project must exceed $20,000.
  • Costs already incurred or items you have already signed to purchase are not eligible for Grant funds. (It is not retroactive, and you can not purchase or sign to purchase items you wish to include in your project costs.)
  • Business or asset acquisitions must be arm’s length transactions, (can not purchase from family members)

Eligible Expenses

The grant can cover up to 30% of your costs, to a maximum of $99,999. You are required to have a minimum of 10% of your project totals costs. The remaining 60%, after your contribution and the grant, would be funds from a business loan. So for example if your project total was $100,000 here is what the break down would look like:

Your cash equity: $10,000

Grant equity: $30,000

Business Loan: $60,000

Deadline Date

Ongoing. Please click the link indicated below for update.

Contact

Contact Name: Apeetogosan

Phone Number: 780-452-7951 / 1-800-252-7963

E-mail Address: office@amdi.co

Website: https://www.apeetogosan.com/meap-grants

Industry:

Indigenous

Location:

Alberta

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Download Now! Five Grant Gotchas

There is grant money waiting for YOU! BUT if you step in a “grant trap,” your application is a NO! Learn the FIVE most common errors to AVOID in government grants! Get the 5 Grant Gotchas now to save you countless hours.

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