Today, September 24, the GNWT announced that NWT businesses impacted by recent public health measures can now apply to the GNWT's Support for Entrepreneurs and Economic Development (SEED) Program for assistance with ongoing operational costs.
Up to $5,000 is available to individual businesses that have been impacted by gathering limitations. This short-term funding will help to cover ongoing operational costs such as rent and utilities for businesses that have experienced operating deficits since the outbreak in early August. Applications will be received and evaluated on a first-come first-served basis.
The total amount of funding available for this initiative is $750,000 and will remain in effect until March 31, 2022, as long as the public health measures are in place or until the allocated funding is spent.
You can find more information about SEED funding, including how to apply, at this link: https://www.iti.gov.nt.ca/en/services/support-entrepreneurs-and-economic-development-seed
Please note that the COVID-19 website has a Financial Supports webpage that they are continually updating. Check this page regularly for the latest, up-to-date information.