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Self Employ PEI

ByMaurice

Amount:

No Fixed Amount

Type of Program:

Subsidy

Description:

Self Employ PEI is an employment program developed to help Prince Edward Island job seekers who want to launch their own business. This program provides financial support and business counseling to new entrepreneurs during their first year of operation.

Comments on Funding:

Each week the applicants receives a weekly living allowance or EI benefits, or a combination of the two. He may also be eligible for a $1,000 consulting grant.

When It Ends:

Ongoing

Deadline:

Rolling Deadline

Eligibility:

The applicant must:

  • be job seeker who wants to launch his own business,
  • be legally authorized to work in Canada (Canadian citizen or permanent resident),
  • have a current claim for Employment Insurance benefits, or
  • have a previous EI claim whose benefit period ended within the previous 60 months, or
  • be an unemployed person who paid, in at least 5 of the last 10 years, employee's premiums that did not entitle the person for a refund (i.e.. If the person made less than $2000 in earnings in a year, any EI premiums that they would have paid, would be reimbursed),
  • not currently be operating his own business.

Application Steps:

The applicant must:

1

attend and Information Session about the program,

2

set up a time to meet with a Program Officer/Case Manager to complete a needs assessment and develop a Return to Work Action Plan,

3

submit the Self Employ PEI application with his business plan and proof of financing.

Applicants must not have started the operation of the proposed business before submitting an application for the program.

Documentation Needed: 

The applicant must submit:

  • a Return-To-Work Action Plan,
  • the Self Employ Suitability Assessment questionnaire,
  •  the Self Employ PEI Application for funding,
  • a detailed business plan,
  • proof of investment or financing,
  • his Resume.

Program Contact:

Self Employ PEI

Related posts:

Innovate to Opportunity Hiring Incentive
PEI Business Registry: Plain English Guide for Prince Edward Island Entrepreneurs
Major Industries in Prince Edward Island: Overview of 8 Top Industries
JobsNL Wage Subsidy

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Atlantic Canada to identify and maximize government grants to grow their business. Click here to learn more about Moe’s background and how he can help your business.

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