Traditional Economy Fund
Traditional Economy Fund
The Traditional Economy Fund provides access to those in need of small-scale grants for equipment, tools, and materials necessary for harvesting and arts & crafts-related activities by providing contributions of up to $1,500. per applicant with.
Priorities given to the following applicants who:
- Have not previously received funding;
• Are relieving poverty among Inuit in the region;
• Are willing to sell what they produce;
• Are collaborating with other Inuit instead of competing with them;
• Are purchasing goods or services from Inuit-owned firms;
• Are protecting the environment;
• Are in future industries instead of current industries;
• Use technology, where desired
Eligibility
- NTI Beneficiary; and
- 16 years of age; and
- Current Kivalliq resident for the past 12 months
Applicants must be in good standing with the Kivalliq Inuit Association (KIA). After successful funding of a project under this Fund a period of two full years has to pass before the applicant can re-apply. Exceptions may be considered for projects that have broad economic benefits to Inuit.
Eligible Projects
- Assistance to artists, arts and crafts producers, and harvesters for the purchase of equipment, tools, and materials (or reimbursement for purchase made in the past 90 days) to assist them in increasing their quality of life and to cover overall costs.
- To buy parts to repair, upgrade or replace existing equipment and/or tools including labour.
- Training of traditional knowledge and skills.
- Other projects that meet the primary objectives of the Traditional Economy Fund may be considered.
Funding Levels
- Maximum assistance available is $1,500.00 per applicant.
- Funding over and above maximum grant level may be considered on a case-by-case basis and will not constitute precedent for future applications.
- Applicants can receive funding under more than one program delivered by KIA.
- Grants will be based on best value and minimum investment required to ensure the project can be successfully completed.
Application Requirements
- Applications forms can be picked up from any KIA office or can be completed through our website.
- Only completed and signed application forms will be accepted.
- Valid price quotes and/or receipts within the past 90 days.
- Applicants must be able to demonstrate the projects ability to generate income.
- Must be original copy, or emailed in pdf. format, or faxed.
Approval Process
- Only completed applications with supporting documents that also meet the primary objectives of the Traditional Economy Fund policy will be reviewed.
- If approved, the applicant will be notified and a formal Grant Agreement will be issued.
- Grant Agreements must be signed and each page must have an initial upon return.
Grant Terms & Reporting Requirements
- No cash equity
- Grants are non-repayable as long as the funds are used for the approved purposes.
- Only one payment is required when applicants are seeking reimbursement, if not, funds are distributed in a two step process;
- First, 80% of the approved funds will be provided to the applicant, once the applicant is able to make a purchase for the Approved Items, applicants must provide KIA with a copy of a detailed receipt.
- A Final Payment will be made, of which would be the remaining 20%.
To be fair to all potential applicants, those who receive funding are eligible to re-apply only after a period of two years.
****Please Note, KIA will only accept online applications. Once you are ready, please click on the online application form below to start your application and include copies of actual quotes from providers and is required as part of the application process. For more information, contact your local CLOs in your community.