The Nunatsiavut Government is announcing the re-launched of the COVID-19 micro-business and artist program for a second round of funding. The program seeks to mitigate financial pressures and allows registered Inuit micro-business and professional artists to strengthen operations and increase business viability.
The divisions of economic development and tourism are delivering the program, which is funded by the Indigenous community business funds through Indigenous Services Canada (ISC).
Successful applicants from the first round of the program do not need to reapply and will receive an additional $2,500 for micro-business and $1,000 for artists. New applicants must apply and may be eligible for a non-repayable contribution for up to $7,500 for micro-business and $3,000 for artist.
Funds are designated for registered Inuit micro-business and artist beneficiaries of the Labrador Inuit Land Claims Agreement. Applications will be reviewed on a “first come, first served” basis, with limited funding available.
Eligible criteria:
• Applicants must be a beneficiary of Labrador Inuit Land Claims Agreement.
• For the program, a micro-business is a business that operates on a small scale, with 1-4 employees and/or revenues less than $250,000 annually.
• For this program, an artist is someone who attended or provided products for organized conferences/tradeshows in the past.
• Applicants must have experience lost revenue or increased costs due to the COVID-19 pandemic.
• Applicants must be an operational business that generates sales and has been active in 2020/2021.