Micro-Grant definition
Examples of Micro-Grant in a sentence
Grantee Data Lists – Table 3 • Bi-annual reporting of Grantee Data Lists, in accordance with section C.4 of Schedule “C”, for any Eligible Businesses that have received a Micro-Grant and that have provided consent for reporting of such ▇▇▇▇▇▇▇’s Grantee Data List information to Province, for the reporting period of April 1, 2024 to September 30, 2024 and October 1, 2024 to March 31, 2025.
The Approved Participant shall, if requested by the Recipient or the Province, provide business progress reporting information such as the Approved Participant’s business expansion and job creation for three consecutive funding years after exit from Summer Company following the expiry date or termination of the Micro-Grant Agreement.
The Approved Participant shall, if requested by the Recipient or the Province, provide business development progress reporting information such as the Approved Participant’s business expansion (increase in a company's size, revenue, market share over time) and job creation for three consecutive funding years after exit from Starter Company Plus following the expiry date or termination of the Micro-Grant Agreement.
The Recipient shall: • Establish a committee to review and approve Micro-Grant applications.
The Micro-Grant is administered and distributed by the Recipient.
The Recipient may find funding locally to match or increase the Micro-Grant amount.
All Grantees must also contribute 25% of the Micro-Grant amount (which may include in kind contributions) to its project to start, expand or buy a small business.
The Recipient, through the RPIU shall exercise its rights and carry out its obligations under each Local Productive Micro- Grant Agreement in such a manner as to protect the interests of the Recipient and the Association and to accomplish the purposes of the Financing, and, except as the Association shall otherwise agree in writing, the Recipient, though the PIU, shall not to assign, amend, abrogate or waive any of the SHCS Micro-Grant Agreements, or any provision thereof.
The Recipient shall ensure that each Micro-Grant is made to a CSO for a Micro- Project in accordance with eligibility criteria and procedures acceptable to the Association, which shall include the following (as the same may be further elaborated in the Project Implementation Manual): (a) the CSO has the legal capacity to contract under the laws of the Recipient; (b) the CSO has prepared the Micro-Project; and (c) the Association has approved the Micro-Project.
The Approved Participant shall, if requested by the Recipient or the Province, provide progress reporting information such as the Approved Participant’s business expansion and job creation for three consecutive funding years after exit from Starter Company Plus following the expiry date or termination of the Micro-Grant Agreement.