CALGARY, ALTA. – Alberta officials have announced that Indigenous community-owned businesses can now apply for capital grants to create jobs and stimulate local economies.
Aboriginal Business Investment Fund (ABIF) grants are now open for 2021-22 submissions. The program’s grants will cover up to $500,000 to eligible Indigenous-owned businesses for projects that provide social and economic benefits to their communities.
ABIF funding focuses on a variety of sectors, including construction and forestry operations.
“Indigenous-owned businesses have an active role to play in Alberta’s recovery,” said Rick Wilson, minister of Indigenous relations, in a release. “ABIF helps develop and expand Indigenous businesses, create jobs and stimulate local economies. Alberta’s government is proud to support Indigenous economic development to create a strong future for everyone in Alberta to be true partners in prosperity.”
Recent groups that have received grants include the Lac Ste. Anne Métis Community Association to develop a commercial greenhouse and field reclamation services for reforestation projects in Alberta.
Little Red River Cree Nation is using funds to purchase a modular flexi-float barge to expand operations of the marine division of Caribou Mountain Construction.
Piikani Nation was granted funds to design and build an asphalt parking lot at the Piikani Travel Centre.