BLACK BUSINESS INITIATIVE FUNDING AND RESOURCES WORKSHOP KEITH GELHORN November 21, 2017 – 5:30 PM-8:30 PM Black Cultural Centre

Bridget C. Williams

I would like to thank the BBI and Keith Gelhorn for this insightful and significant workshop regarding Grants and funding that is available to Businesses in Nova Scotia.   It was quite the eyeopener as to what is available.  This fantastically presented by Keith Gelron. They are hidden in the vortex of cyber space.     It is amazing that the number of grants and funding available to businesses from start up to experts in the different industries.    There are also grants and funding for teen startup businesses also.   The sky is the limit.    You just have to know where to look this is a lot of work and diligence finding the right grants for your business.   You are definitely worth it!

Those hidden gems called grants and funding are a massive amount.    There are companies that will allow you to utilize their space freely for printing and some other free available services.     With some grants and funding you have to provide a percentage of money before being considered for a review for funding’s or a grant.     If you do not qualify for the grant move on to the next one.   When it comes to being approved it is a gamble.  It is just a matter of finding the right ones for what you want to execute or have already executed.

Do not just look at local business look at the high roller with the big bucks that can move your business into another direction.     It was amazing to see 10 students attend the session Grades 8 to 11 because they can begin to have their creative juices and thought come to life now or for the future business.   The students now have the notion of what it takes to obtain the funding or grants for their business.   Some of the funding and grants were catered to the young entrepreneurs. It was awesome to hear the voices of youth who were willing to dialogue oratorically.

Some students had an idea of what they want to pursue and while others are still not certain.   It was food for thought for them just to be part of this session.

The types of grants and funding available:

  • Startup Funding
  • NSBI Funding
  • Indigenous Funding
  • Social Enterprise Funding
  • Opportunity Funding
  • Self-employment Funding
  • Learning Disability Funding
  • Innova  Corp Funding
  • BDC Financing
  • ACOA–APEACA
  • BBI Funding
  • New small business Tax deduction (if you have employees)
  • CBDC

 

Hiring

When hiring look at the talents of students within the universities as a credit for their studies.   This will help you and the student will gain actual work experience.   This could be classified as workplace education which creates innovative and productivity skills.   This may also help you to see what other talents they have and perhaps even offering them a permanent placement, if it is feasible.

Programs

The number of programs available is a plethora which can help you improve your skills and obtain the necessary resources.

YWCA/YMCA

Accessibility Programs

Wage Subsidy Program

Start Program

Teen Work Proactive

Strategic Corporation Education Incentive

Youth employment Program

Launch at Dalhousie

Canvass for Small Business

The Spark Zone

Digital Nova Scotia

SEB Program

CEED

Volta

Black Business initiative

NSBI

And many more

The Women in Business -MSVU

Grant Writing

The importance of writing a business plan that is one page would be beneficial when doing your presentation.  Too much information may be overlooked and lost in the shuffle if the grant is super-size.  There are also some people that will sponsor your business if it is the right fit for their company.   You can diarize the requirements for their grant or funding stipulations.

For instance look at Grant Writing 101 which can help you in the long run when applying for grants.   It is a great way to find the suitable grants for your business specialization.

Do not be discouraged or dismayed if you don’t get the grant.  It takes time and someone will eventually give you an opportunity.

Networking

Networking is very important it is the driving force to expand your business and where entrepreneurs meet to form business relationships and to recognize, create, or act upon business opportunities, share information and seek potential partners for ventures.

People network through an array of search engines for instance LinkedIn, Facebook, hubs, YouTube, emailing, webinars, and podcasting.

Technological Networking in information technology, networking is the construction, design, and use of a network, including the physical (cabling, hub, bridge, switch, router, and so forth), the selection and use of telecommunication protocol and computer software for using and managing the network.

There are many local places to connect. Create a networking search to build new business relationship, obtain mentors, and build on your brand.

Budget

Know what you spend and what you accumulate monetarily.   It is very important to keep track of every penny. Creating this spending plan allows you to determine in advance whether you will have enough money to do the things you need to do or would like to do. Budgeting is simply balancing your expenses with your income.

 

Disabilities

Entrepreneurs with disabilities may qualify for accessibility or other types of disabling benefited funding or grants. If you are a person with a disability who wants to start a business, or an employer who would like to hire someone with a disability, you could qualify for funds that are specifically for physical or mental disabilities.

Patent

You can patent your product.  Patents provide a time-limited, legally protected, exclusive right to make, use and sell an invention.   Look at the bigger picture and go onto the Dragon Den…… what do you have to loose.

 

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