Support for Entrepreneurs and Economic Development (SEED) — Sector Support Capital Expansion Incentive

For businesses in the Northwest Territories looking to grow their operations, access to capital can be one of the biggest hurdles—especially when expanding facilities or investing in major equipment. The Support for Entrepreneurs and Economic Development (SEED) program includes the Sector Support Capital Expansion Incentive, an initiative designed to ease that pressure for NWT-based businesses working in priority sectors such as tourism, energy, agriculture, fishing, film, the knowledge economy, and value‑added manufacturing.

Delivered by the Government of the Northwest Territories through the Department of Industry, Tourism and Investment, this incentive helps offset the financing costs tied to capital expansion. Rather than funding purchases outright, the program provides non-repayable support that can help cover interest costs on loans used for new or expanded facilities and equipment. Eligible businesses can receive up to roughly $30,000 spread over multiple years, making longer-term expansion plans more manageable and improving cash flow during critical growth phases.

The Capital Expansion Incentive is particularly relevant for Indigenous businesses and other NWT enterprises that are ready to scale but want to reduce the financial risk associated with major investments. With applications accepted on an ongoing, annual basis, this program can be a strategic tool for businesses planning steady, sustainable growth. Exploring the full details can help determine whether this funding aligns with your expansion plans and sector goals.