Business Development Organizations
Obtaining financing for your business start up or expansion is only one part of the business equation. Ongoing business support and information to help you weather the storms you will face can be critical to your success.
Some of the financing agencies in Nunavut also have staff dedicated to assisting you in a wide variety of ways. Take advantage of some of the expertise and support available in your region.
There are many more websites on the Internet that will give you business support advice, but we are concentrating on providing you with links to people who are resident in Nunavut, and help point you in the right direction.
Baffin Regional Chamber of Commerce
The Baffin Regional Chamber of Commerce is a non-partisan organization established to foster, promote and improve business development in a responsible manner while providing value to membership through benefits, partnerships, communications, advocacy and initiatives. BRCC is developing a Best Practices resource library and database to provide materials and strategies for managing a small business. It is the driver behind the Nunavut Trade Show, the NNI Registered Nunavut Businesses Directory, and community trade shows in the Baffin region. BRCC’s website features many helpful tips for Nunavut businesses, from tax issues to comprehensive listings of organizations across Nunavut.
Kivalliq Chamber of Commerce
Advocacy group for business in the Kivalliq Region.
Rankin Inlet, NU
Ph: (867) 645-2805
Fax: (867) 645-2063
Baffin Business Development Corporation (BBDC)
BBDC offers business counseling through the various stages of the life cycle of a business - with advice on start up, growth and expansion, to maturity, wind down and succession planning. BBDC assists businesses in the Baffin region as they grapple with some of the regulatory and compliance issues that face business in various sectors. With five (5) full time staff, BBDC is an important Baffin-region support agency for small and medium sized businesses. BBDC also provide loans and equity investments, (see Financing Agencies.)
PO Box 1480
Inuqsugait Plaza, Iqaluit, NU
Ph: (867) 979-1303
Fax: (867) 979-1508
Keewatin Business Development Centre (KBDC)
KBDC offers business counseling through the various stages of the life cycle of a business - with advice on start up, growth and expansion, to maturity, wind down and succession planning. KBDC assists businesses in the Kivalliq region as they grapple with some of the regulatory and compliance issues that face business in various sectors. KBDC is an important Kivalliq-region support agency for small and medium sized businesses. KBDC also provide loans and equity investments, (see Financing Agencies.)
PO Box 328
Rankin Inlet, NU
Ph: (867) 645-2126
Fax: (867) 645-4546
Kitikmeot Community Futures Incorporated (KCFI)
KCFI is now the host of the Canada Nunavut Business Service Centre for the Kitikmeot. KCFI offers business counseling through the various stages of the life cycle of a business - with advice on start up, growth and expansion, to maturity, wind down and succession planning. KCFI assists businesses in the Kitikmeot region as they grapple with some of the regulatory and compliance issues that face business in various sectors. KCFI is an important Kitikmeot-region support agency for small and medium sized businesses. KCFI also provide loans and letters of credit, (see Financing Agencies.)
PO Box 1331
16 Koihok Maghagak
Cambridge Bay, NU
Ph: (867) 983-7383
Fax: (867) 983-7380
Kakivak’s Business Development Department offers a range of programs that assist Baffin Inuit to investigate, set up, run and expand their own businesses. Their main goal is to help create viable, stable and long-term jobs for Inuit across the Baffin region. Kakivak provides counseling and advisory services, with Business Development Program officers available to provide advice and assistance in order to help Inuit businesses succeed. They also offer a Subsidized Self-Employment Counseling program providing counseling and/or financial assistance to individuals wishing to create full-time jobs for themselves by starting their own businesses. Kakivak also has grant and loan programs, (see Financing Agencies.)
Nunavut Economic Developers Association
The Nunavut Economic Developers Association (NEDA) is an organization of economic development officers and other individuals working in the field of economic development in Nunavut. NEDA exists to enhance the economic development profession in Nunavut by implementing or supporting initiatives aimed at meeting the personal and professional development needs of its members in the areas of: information, education, training, operational needs, and the exchange of knowledge and experience.
PO Box 1990
1104B Inuksugait Plaza, Phase II
Ph: (867) 979-4620
Fax: (867) 979-4622
Canada Business Nunavut Service Centre (CBNSC) is a member of the Canada Business network. The Canada Business Network (CBN) provides a wide range of up-to-date information on government services, programs and regulations relevant to existing and potential business entrepreneurs. The CBN delivers services through an organized network of service centres across Canada, with a designated headquarter per province and territory that support their smaller regional sites.
The CBN information services and resources are free and you can contact representatives in all Nunavut regions as listed below.
Canada Nunavut Business Service Centre - Headquarters & Qikiqtaaluk Region
PO Box 1480
1104 B Inuksugait Plaza
Tel: (867) 975-7860
Fax: (867) 975-7885
Toll Free Ph: 1-877-499-5199
Toll Free Fax: 1-877-499-5299
Canada Business-Nunavut Service Centre - Kivalliq Region
Rankin Inlet, NU
Ph: (867) 645-8450
Fax: (867) 645-8455
Canada Business-Nunavut Service Centre - Kitikmeot Region
c/o Kitikmeot Economic Development Commission
Cambridge Bay, NU
Ph: (867) 983-2095
Fax: (867) 983-2075
All CBNSC centres offer business information to existing and potential business entrepreneurs, with their extensive resource library, a comprehensive website, a public access computer for research using the internet, watch and/or listen to tutorial videos and audio equipment.