Economic Development Plan

Ec Dev Funding Application

Applications will be scored by set criteria which is outlined in the document which can be viewed by selecting the link below.

Ec Dev Scoring

 

BUSINESS – New or Existing

If you own a business or are starting a business you may be eligible for a one-time non-repayable loan in the amount of $5000.00 (max.).  This funding can be used for, but not limited to the following:

  1. Capital – leverage other funding sources i.e. Tecumseh Community Development Corp., Waubetek Business Development Corp., etc.
  2. Equipment – purchase equipment for business
  3. Advertising – business promotion strategy …AND MUCH MORE!

 THUNDERBIRD TRUST has set aside a total allocation of $30,000 for up to 6 member businesses to access.  Eligibility for funding will be determined by the following minimal criteria;

  1. Applicant must be a member of COTTFN
  2. Must have an established or new business (concept/development)
  3. Must clearly demonstrate: viability(i.e. business plan); benefits; and own source revenue investment
  4. Must provide supporting documentation
  5. Business plan or invest in writing one will be a main factor in approval process
  6. Proof of personal investment matching (cash or capital)
  7. Applicant must match funding 1:1 up to a max. of $5000.00 cash and/or capital/in-kind with proof of ownership
  8. Ongoing business venture only NO one-time projects with start & end date will be funded
  9. Must continue to be a viable business one year from signing contract or contract will be void and the loan will need to be returned
  10. Be willing to share your learning journey via social media, newsletter and/or website or at a community workshop

Applications will not be accepted from businesses or individuals owing money and/or final reports to the Trust.  Approval is also conditional upon reporting results to the Trustees, be willing to share participation publicly and possible volunteer participation in future strategies (where applicable).