Entrepreneurial Opportunities Program (EOP)

By mmuise

The Entrepreneurial Opportunities Program (EOP) provides up to $5,000 financial assistance, business plan guidance, business counselling and training to individuals in Newfoundland & Labrador who are receiving or eligible to receive Provincial Income Support. The Program assists individuals to become self-employed.

Comments on Funding:

Funding is up to $5,000.
The financial assistance comprises of up to 52 weeks of financial support as they launch their business venture (including: continued receipt of existing Income Support from the Department of Advanced Education, Skills and Labor (AESL), receipt of an incentive allowance, and eligibility for subsidized child care costs as determined by AESL) and a $3,000 repayable loan to cover necessary business start-up costs.

Deadline: Continuous Intake

The applicant must:

  • be an entrepreneur who is receiving or eligible to receive Provincial Income Support,
  • become self-employed,
  • reside in Newfoundland & Labrador.
Application Steps:

The applicant must:

1. receive a referral from a Client Services Officer at the Department of Advanced Education and Skills for entry into the Entrepreneurial Opportunities Program.

2. attend a private orientation session with the MBO staff once his referral is received. They will review the program eligibility requirements, the necessary steps to begin operating a small business, and the necessary forms to enroll in the program.

Documentation Needed:

No specific documentation has been identified.

Other Things to Note:

No other details available.

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