The Aboriginal Business Investment Fund helps Indigenous community-owned businesses capitalize on business development opportunities to improve socio-economic outcomes.
The Aboriginal Business Investment Fund (ABIF) can partially or completely fund capital costs for Indigenous community-owned economic development projects. Projects like these improve social and economic outcomes for Indigenous Peoples and their communities.
To get funding, projects should be close to starting operations or breaking ground within the fiscal year following funding.
Applicants must demonstrate long-term effects that:
- increase the number of Indigenous community-owned businesses
- increase employment opportunities for Indigenous Peoples
- create or increase local revenue streams for Indigenous communities
- strengthen the economies of Indigenous communities
Rick Wilson the Minister of Indigenous Relations and joined Windspeaker Media to discuss the project.
ABIF provides from $150,000 to $500,000 to support Indigenous community owned economic growth. Minister Wilson shared some of his favorite businesses that went through the ABIF:
Application deadline is September 30, 2022. For more details visit Alberta's website.