Local Initiatives Contribution

ASSISTANCE TO NON PROFIT CORPORATIONS

Thunder Bay Ventures (TBV), through FedNor/Industry Canada , supports local community economic development projects that are identified as critical to the implementation of economic development within the Thunder Bay CMA.  ONLY  Not-For-Profit corporations may apply for funding through Thunder Bay Ventures Local Initiatives Contribution program for their economic development projects.  A copy of a Board of Directors resolution "in support" of the application must be submitted (mail/fax/email).  

GUIDELINES FOR COMPLETION OF LIC APPLICATION

Projects that are able to demonstrate the elements of community economic development will be considered. In addition, projects that show cost-sharing and partnerships within the community are encouraged.

ELIGIBLE COSTS include project costs that support community development objectives; funding support for initiatives to a maximum of $5,000.

Upon conclusion of the project, successful applicants must be prepared to submit a statement of revenues and expenses, invoice copies and a summary report.

Projects that are eligible for LI contributions include:

• Pre-feasibility studies
• Research projects
• Community Information & Communications Technology (ICT) strategies & projects
• Projects to promote innovation and new technology
• E-commerce promotion
• Development of on-line business services
• Environmental assessment reports
• Small-scale capital projects
• Seminars/workshops
• Marketing/Promotional activities
• Community tourism events and
• Other community-based economic development projects

Projects that are not eligible for LI contributions include:

• Activities that require additional FedNor/Industry Canada contributions to be completed successfully
• Activities which create financial dependencies with external partners or on FedNor/Industry Canada
• Sponsorships for travel outside of the region

Hosting Policy: Provided the project does not create an ongoing dependence, TBV will consider support for receptive type activities that provide benefit to other Thunder Bay businesses and organizations.  For example, TBV will consider supporting marketing costs for an organization hosting a conference or event in Thunder Bay.  A formula involving the number of participants and days/nights in the city will be used to calculate the amount of eligible funding.

Outside Expert Policy:  In the case that a significant portion of a project involves paying for the services of an outside consultant, speaker, or expert to be brought into the community, applicants should normally demonstrate that:

• comparable expertise or ability is not available locally
• local stakeholders have been canvassed for comparable expertise or ability
• services or guidance provided by the outside expert would very likely stimulate concrete and proportionate economic benefit to Thunder Bay
• that there is significant demand among local stakeholders for these services or guidance

If you believe that your project qualifies for an LI Contribution, please click here to fill out our submit form and we will get back to you as soon as possible.