Community Investment Fund
Highlights
Hello,
Imagine making a real difference in your community and getting financial support to do it. The Community Investment Fund (CIF) offers non-repayable contributions to help your business support community projects. This means you can receive funding for initiatives like festivals, special anniversaries, and volunteer recognition events without the stress of repayment. It's a grant, not a loan, allowing you to focus on enhancing your community's identity and providing economic and social benefits.
Here's what's in it for you:
- Financial Aid: Cover eligible costs for projects that might not happen otherwise.
- Community Impact: Improve community spaces, planning, or boost civic pride.
- No Repayment: Enjoy the peace of mind that comes with non-repayable contributions.
If your project aligns with the program's objectives, this is a fantastic opportunity to strengthen your community and make it a better place for everyone. The process is straightforward, and if your business fits the criteria, you're already on the right path. Let's make a positive impact together.
Warm regards,
AAA Advisory
Financing Details
This program offers a Non-repayable Contribution, meaning you won't have to pay back the funds provided. This is particularly beneficial as it reduces financial burden while supporting your community-focused projects.
Eligible Expenses:
The funding can be used towards various costs associated with community events and growth initiatives. This includes expenses for organizing festivals, special anniversaries, volunteer recognition activities, and enhancements to community spaces and aesthetics.
Restrictions on Use of Funds:
It's important to note that the funds cannot be used for expenses not directly related to the approved projects. This includes operational costs like salaries or routine maintenance expenses that do not contribute to the specific initiatives outlined.
Fees:
There are no application or processing fees associated with this program, making it even more accessible for eligible organizations aiming to enhance community engagement and development.
Qualifications
Eligible Applicants:
- Local governments
- Non-profit community-based organizations
Project Requirements:
- Must enhance a community’s identity
- Provide economic and social benefits
- Enhance existing community assets
- Develop initiatives that strengthen a community
- Must be directly linked to one of the program’s objectives
Funding Conditions:
- Project must not receive any other funding from the Province, except SEED funding for students
Financial Viability:
- Must demonstrate financial viability of the project and the organization
Description
This program offers non-repayable contributions to help your business support community projects. It's a chance to get financial aid for initiatives like festivals, special anniversaries, and volunteer recognition events. The focus is on enhancing your community's identity and providing economic and social benefits.
Your business can use this funding to cover eligible costs for projects that might not happen otherwise. Whether it's improving community spaces, planning, or boosting civic pride, this program is here to help. The goal is to strengthen your community and make it a better place for everyone.
The best part? You won't have to pay back the money. It's a grant, not a loan. This means you can focus on making a positive impact without worrying about repayment. If your project aligns with the program's objectives, this is a great opportunity to make a difference in your community.
Program Steps
Identify Your Project
Determine how your project aligns with the program's objectives, such as enhancing community identity or providing economic benefits.Prepare Required Documentation
Gather the necessary documents for your application, including:- A detailed project proposal
- A budget outlining eligible costs
- Proof of financial viability for your business
- Any relevant community support letters or endorsements
Complete the Application Form
Fill out the application form provided by the Regional Development Corporation. Ensure all sections are completed accurately.Submit Your Application
Send your completed application and documentation to the Regional Development Corporation via email at [email protected] or by phone at 506-453-2277.Await Assessment
After submission, wait for the Regional Development Corporation to assess and evaluate your application.Follow Up
If you haven’t heard back within a reasonable timeframe, consider following up to check on the status of your application.
