2018-2019 Details on transfer payment programs of $5 million or more

Through this transfer payment authority, CanNor delivers the Northern Aboriginal Economic Opportunities Program, which supports increased participation by Indigenous communities and businesses in the territories in economic opportunities. The Program comprises two streams:

• Community Readiness and Opportunities Planning stream, which provides project-based support to Indigenous communities and organizations for capacity and readiness activities so that communities are able to plan for, pursue and participate in economic opportunities; and
• Entrepreneurship and Business Development stream, which assists Indigenous entrepreneurs, businesses and organizations in the pursuit of economic opportunities for the benefit of Indigenous peoples. The stream includes project-based support for activities that facilitate the establishment or expansion of Indigenous businesses.

This transfer payment program may be conditionally or unconditionally repayable. Considerations for repayability are outlined in the program's terms and conditions.

The Community Readiness and Opportunities Planning streams aims to:

• enhance the economic development capacity of Indigenous communities; and,
• increase economic development by supporting Indigenous communities in their pursuit of, and participation in, economic opportunities.

The Entrepreneurship and Business Development streams aims to:

• increase the number of viable Indigenous businesses and to provide a supportive business environment;
• cultivate a culture of entrepreneurship in the Indigenous community and improve access to economic opportunities;
• establish, expand and diversify the network of Indigenous financial and business development organizations;
• enhance access to capital for Indigenous businesses;
• improve the capacity of Indigenous financial and business development organization; and,
• increase Indigenous participation in economic benefits from resource development.

Performance Measures and Indicators

• Labour participation rate for women and Indigenous peoples in the Territories.
• Amount leveraged per dollar invested in community projects in the Territories.
• Number of businesses by business locations in the Territories.
• Number of investments in clean tech projects supported by CanNor in the Territories.

CanNor will work with Indigenous communities, as well as with Indigenous businesses and entrepreneurs, to increase their capacity to participate in and benefit from economic opportunities. In 2018-19, this is expected to be achieved through approximately $8 million in direct contribution agreements, provided to over 40 Indigenous communities across the territories through the Northern Aboriginal Economic Opportunities Program's (NAEOP) Community Readiness and Opportunities Planning (CROP) fund.

Through NAEOP's Entrepreneurship and Business Development (EBD) fund, CanNor plans to provide over $3 million in financial support, including through partnered Indigenous service providers, to Indigenous entrepreneurs, businesses and commercial entities to continue to cultivate a culture of entrepreneurship and increase the number of sustainable Indigenous businesses. This funding is expected to provide direct financial support to at least 20 businesses, as well as provide wrap-around business services and support to over 150 others across the territories.