Business Development Project Fund (BDPF)
Core BDPF can be used to help fund start-up expenses, expansion, raw materials (for arts and crafts production) and short-term projects that create employment. The maximum in any 5 year period is $10,000 ($20,000 for businesses in level II communities*). Only businesses with $500,000 or less in annual revenues are eligible to apply.
The BDPF Aftercare can provide businesses with contribution funding to purchase accounting software or services, succession planning and business training programs. The lifetime maximum for BDPF Aftercare Funding is $3,000 ($5,000 for businesses in level II communities*).
* Level I communities include Yellowknife (including N’Dilo), Hay River, Fort Smith & Inuvik. All other NWT communities are considered level II.
For more information on the BDIC’s contribution program, please contact Patricia Dillon, Business Advisor at 867-920-3336 or toll free at 1-800-661-0599.