Métis Employment Services
Highlights
This program is designed specifically for businesses like yours. It offers wage incentives to help you hire and train Métis workers, ensuring you have a skilled and motivated team. By participating, you can receive a subsidy of up to 50% of wages for up to six months, making it easier to bring on new employees and provide them with practical, on-the-job training.
What's in it for you?
- Financial support to hire and train Métis workers
- Access to a bank of skilled, qualified, and motivated individuals
- Customized training projects to meet your specific needs
This program is easier to qualify for than many other financing options, and being approved can significantly reduce your hiring costs while enhancing your workforce. Partnering with Rupertsland Institute ensures that your new hires are well-prepared and meet all the requirements for successful integration into your company.
Financing Details
Type of Financing: Wage Subsidy
Repayment Terms and Interest Rates:
- There are no repayment terms or interest rates. This is a subsidy, not a loan.
Eligible Expenses:
- Wages for Métis individuals provided with career-related work experience and training.
- Up to 50% of the wages for a period of six months or less for permanent hires.
- Up to 50% of the wages for summer employment of Métis youth (ages 15-30), with a total contribution not exceeding the provincial minimum wage.
- For not-for-profit organizations, up to 100% of the wages, up to the provincial minimum wage.
Use of Funds:
- The funds must be used to subsidize wages for Métis individuals gaining career-related work experience and training.
Restrictions on Use of Funds:
- The funds cannot be used for any expenses other than wages for the specified employment and training purposes.
Fees:
- There are no fees associated with this program.
Qualifications
- Must be an employer looking to hire Métis individuals.
- Must be willing to provide career-related work experience and training.
- Must be able to offer practical on-the-job training.
- Must be planning to hire Métis workers permanently for the Employment Partnership program.
- Must be able to provide summer job opportunities for Métis youth (ages 15-30) for the Youth Summer Employment program.
- Not-for-profit organizations may be eligible for higher wage subsidies under the Youth Summer Employment program.
Must be able to partner with Rupertsland Institute for Group Training Projects.
Disqualifications:
- Employers not willing to provide career-related work experience and training.
- Employers not planning to hire Métis workers permanently.
- Employers unable to offer summer job opportunities for Métis youth.
- For-profit organizations seeking 100% wage reimbursement for Youth Summer Employment.
Description
This program offers your business a great opportunity to grow and succeed. You can receive up to $1,000,000 in funding. This money can be used for various purposes, such as:
- Buying equipment like commercial kitchen appliances or manufacturing machinery.
- Improving your rented space with renovations.
- Investing in technology like computers and IT infrastructure.
You can also use up to $150,000 of this funding for costs like software or other operational expenses to keep your business running smoothly.
The federal government guarantees 85% of the loan, providing a significant safety net for you. This means less risk and more security for your business.
The loan program is flexible. If you have made significant purchases in the last 365 days that fit the program guidelines, you can apply them to this loan. You have various options to pay back the loan, including choosing a changing interest rate, a steady one, or combining your loan amount and interest into combined payments.
You have up to 15 years to pay back the loan, no matter what you spend it on. This long payback period gives you the time and flexibility to manage your finances effectively.
Program Steps
Gather Necessary Information:
- Ensure you have all relevant business details, such as your business registration number, contact information, and a brief description of your business operations.
Prepare Documentation:
- Business Plan: Outline your business goals, strategies, and financial projections.
- Financial Statements: Include recent balance sheets, income statements, and cash flow statements.
- Tax Returns: Provide copies of your business's tax returns for the past two years.
- Proof of Business Registration: Ensure you have a copy of your business registration or incorporation documents.
- Employee Information: If applicable, provide details about your current workforce, including the number of employees and their roles.
Complete the Application Form:
- Fill out the application form provided by the program. Ensure all sections are completed accurately and thoroughly.
Submit the Application:
- Submit your completed application form along with the prepared documentation. This can typically be done online through the program's website or via mail.
Review and Follow-Up:
- After submission, monitor the status of your application. Be prepared to provide any additional information or clarification if requested by the program administrators.
Await Approval:
- Once your application is reviewed, you will be notified of the decision. If approved, you will receive further instructions on how to proceed with the program benefits.
Implement Program Benefits:
- Upon approval, follow the guidelines provided to utilize the program benefits effectively. This may include hiring new employees, purchasing equipment, or other approved activities to support your business growth.
Maintain Records:
- Keep detailed records of how the program benefits are used. This will be important for any future reporting or audits required by the program.