Enterprise Development Grants

To maximize long-term success, CNFA's enterprise development grants are made on much the same basis as an investment decision. Before an enterprise is deemed eligible for a grant, it must pass a rigorous assessment. Project staff evaluates business experience, financial strength, management strength and commercial viability, among other things, and each company must submit a viable business and marketing plan. Grants managers also determine grant amounts. To minimize market distortions, CNFA also examines whether a grant to one entrepreneur would unfairly tilt the competitive playing field in this market, enabling one entrepreneur to put others out of business. Grants managers track key indicators, like job creation and income increases. They also ensure the project goes forward smoothly and that the grant is used to maximum effect.

Often, CNFA's enterprise development grants require a matching contribution from the recipient. We have found over time that requiring a matching amount engages entrepreneurs and facilitates private sector investment.