The SEED program also had a micro-business funding stream that is open to and is an exciting opportunity for artisans and crafters. What this program does is it provides people with up to $5,000 in order to go out and purchase supplies that they might need in order to complete some projects. Especially with Christmas coming up, this might be of interest to our local artisans. However, some people do not have the equity available to fulfill the equity requirement of 30 percent that is involved for people within the Yellowknife region, for example. Is ITI willing to set up a payment fund for artisans and crafters who may not be able to float the 30 percent equity required so that they are able to increase their production coming up to Christmastime or afterwards and be able to work together with the GNWT to access that funding?
Caitlin Cleveland on Question 454-19(2): Support for Entrepreneurs and Economic Development (SEED) Policy
In the Legislative Assembly on November 2nd, 2020. See this statement in context.
Question 454-19(2): Support for Entrepreneurs and Economic Development (SEED) Policy
Oral Questions
November 2nd, 2020
Page 1581
See context to find out what was said next.