Access to capital and hands-on guidance can be a real challenge for entrepreneurs in the Northwest Territories, especially in smaller or remote communities. The Community Futures Program Northwest Territories is designed to fill that gap by combining business financing with practical support for startups and growing small businesses across the territory. Delivered locally through Community Futures Development Corporations, the program reflects regional priorities while offering consistent support to business owners who need help turning ideas into sustainable operations.
Through this program, businesses meeting certain requirements can access repayable financing such as term loans and loan guarantees, with funding support that can reach up to around $200,000 depending on the project. Beyond financing, the program places a strong emphasis on entrepreneur development. Business owners can receive one-on-one counselling, planning assistance, and access to trusted business information services tailored to the realities of operating in the North. For individuals who are unemployed and looking to start a business, wage subsidy support may also be available to help reduce early-stage risk.
With all communities in the Northwest Territories served by regional Community Futures organizations, this program is an ongoing resource for both new and established SMEs. Business owners considering financing or advisory support are encouraged to explore how the Community Futures Program Northwest Territories could fit their next step.
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