First Peoples Economic Growth Fund Inc. - Joint Venture Investment Program

This program is intended to provide support for large-scale First Nations enterprises which, in the opinion of the Fund, have a business concept that, through initial screening, provides excellent opportunity.

Funding is available for up to the lesser of $1,000,000 or 50% of the fair market value of the total project costs (including identified start-up costs and working capital).  Minimum funding under this program will be $200,000.  Projects funded under this program must be for-profit and commercially viable with total project costs in excess of $500,000.  Priority will be given to, but not restricted to, higher-end value-added projects.

Eligibility Criteria

Businesses funded under this program must:

1. have a profit objective (not-for-profit projects will not be considered).
2. demonstrate viability through a sound business plan
3. primarily operate in Manitoba
4. be reputable and appropriate in nature
5. be at least 51% owned and controlled by Manitoba First Nations

• Common shares
• Preferred shares
• Convertible preferred shares
• Convertible debentures
• Mortgages
• Units in a limited partnership or joint venture for a period negotiated and set out in the partnership or joint venture agreement.

Website: www.firstpeoplesfund.ca

Manitoba Contact(s):
First Peoples Economic Growth Fund Inc.
315 - 260 St. Mary Avenue
Winnipeg, Manitoba  R3C 0M6
Telephone: (204) 942-6026
Fax: (204) 942-6441
Toll-free (information): 1-888-942-6026
E-mail: info@firstpeoplesfund.ca