Northwest Territories Entrepreneur
In order to qualify under this program, the applicant must:
- Invest:
- A minimum of $300,000 CDN equity into starting or buying a business within the corporate boundaries of Yellowknife, NWT, or
- A minimum of $150,000 CDN equity into starting or buying a business outside of the corporate boundaries of Yellowknife, NWT.
- Have a personal net worth of:
- At least $500,000 CDN if starting or buying a business within the corporate boundaries of Yellowknife, NWT, or
- At least $250,000 CDN if starting or buying a business outside the corporate boundaries of Yellowknife, NWT.
- Have an additional $75,000 kept in a trust account and released upon completion of a Performance Agreement based on a business proposal;
- Demonstrate a reasonable knowledge and understanding of the NWT and its economy;
- Be able to demonstrate reasonable communication skills appropriate to the NWT;
- Have the necessary experience and education to successfully implement the business plan.
