SEED BEST Program (Business & Entrepreneur support & Training)

1. Information session about SEED
programs and the BDS department
▪ In a new country, a new culture, … I needed
information and some help. PriscillaCalderon
Business Development Services 1

2. Business Development Services 2
Land Acknowledgement
SEEDWinnipeg respectfully acknowledges that we live and work on the territories and
homeland of Indigenous peoples and that the land and water sustain us.
We respect the treaties as intended by Indigenous peoples.
It is our responsibility to understand the truth of our history, be aware of the present, and
work with Indigenous peoples to make positive changes for the future.

3. Today’s agenda
▪ Overview of SEED’s
programs
▪ About our Business &
Enterprise Support
& Training (BEST)
▪ About our
Recognition Counts
program (RC)
Business Development Services 3

4. About SEED programs
Business Development Services 4

5. SEED is a non-profit and charitable
organization funded by
▪ the Government of Canada,
▪ the Province of Manitoba,
▪ United Way,
▪ several foundations and
▪ personal donors.

6. 6
Asset Building
Programs (ABP)
▪ Matched Savings
Programs
▪ Access to Benefits (A to
B)
Business
Development Services
(BDS)
▪ Business Enterprise
Support & Training(BEST)
▪ Recognition Counts
SEED’s work is to help increase opportunities for people through financial empowerment programs and services
http://seedwinnipeg.ca/programs
Money
Stories

7. Asset Building Programs
▪ Learn how to save and attend training programs
for managing money or buying a home
❖ Saving Circle
❖ Inner City homebuyers (ICH)
Business Development Services 7

8. Saving Circle -
Over 4 – 6 months, you save up to $250
and receive a match of up to $750
Average Monthly Savings: $42.00 (over 6 months)
 The asset must be something you need, that will
improve the quality of life for you, your household,
and/or the community
 Please see our website for more details
https://seedwinnipeg.ca/programs/detail/saving-circle
SEED Programs 2019

9. Inner City Homebuyers
Program
 1:1 match up to $10,000
 All money you save that receives a match from SEED
must go towards down payment and closing costs
 Home purchased must be under $300,000and in a
designated area
 Primary residence for 5 years minimum
 See our website for more information
https://seedwinnipeg.ca/programs/detail/inner-city-
homebuyer-ida-program
SEED Programs 2019

10. Money Stories & Junior
Facilitator Program
➢ 8-weekMoney
Management Training
taught through an
Indigenouslens.
➢ Incorporatesteachings
and stories from Elders
& Knowledge Keepers
from the community
JuniorFacilitator Program
➢ IndigenousYouth ages
15-30
➢ Paid internshipat SEED
➢ Job skills training &
cultural activities
SEED Programs 2019

11. Access to Benefits program (A to B)
▪ If living on a low income, we can help you get information about a
variety of benefitsavailable to you. Such as;
❖ Get information about benefitslike the Disability Tax Credit, Canada
Child Tax Benefit, GST Credit, RentAssist, and more.
❖ Apply for the benefitsyou qualify for
❖ Open an RESP and get free money for your children’seducation
❖ Get the ID you need to access benefits
❖ Open a bank account
❖ File income tax returns*
See our website for more information
https://seedwinnipeg.ca/programs/detail/access-to-benefits
Business Development Services 11

12. ▪ The Community Financial Helpline offers free support to
community membersin Winnipeg living on low incomes.
▪ The helpline can be reached by calling or texting431-813-
4357 (431-813-HELP) or toll free 1-855-955-4234 (1-855-955-
4CFH).
▪ The helpline can assist with questions about tax filing,
obtaining identification,federalCOVID-19 recovery benefits,
other income supports such as EIA, benefitsand creditssuch
as the Canada Child Benefit, and debt management and
credit counselling.
▪ https://www.facebook.com/CommunityFinancialHelpline

13. Business Development Services
(BDS)
▪ Business & Enterprise Support & Training
(BEST) – Free trainings to individuals or groups starting
new businesses or expanding existing ones. There are 4
trainings a year with a total of 5 programs.
▪ Recognition Counts -Recognition Counts is a
program that provides supports to skilled immigrants
wishing to work in their fields of expertise or alternative
career in Manitoba.
Business Development Services 13

14. • As of December 2017, there were 1.15
million small businesses in Canada
(between 1 – 99 paid employees)
• 38,226 of those were in Manitoba
• 98% of all businesses in Canada are
classified as small businesses
• 90% of businesses have 1 – 4 employees
when they start
• Small businesses contribute 38% to
Canada’s GDP
How important is small business?

15. • 85% of business launched in 2005 survived
one year of operations
• 70% survived for 2 years
• 62% survived 3 years
• 51% survived after 5 years
In 2018, Manitoban self-employed workers
accounted for 14% of total employment.
Success rate for small businesses

16. The 5 BEST programs
▪ Doing Business in Canada (3 hours)
▪ Indigenous Women Exploring Business (Indigenous
WEB) (8 weeks)
▪ Immigrant Women Exploring Business (IWEB) (8 weeks)
▪ Business and Enterprise Support Training (BEST) (6
weeks)
▪ Immigrant Business and Enterprise Support Training
(IBEST) (6 weeks)
➢ All of these trainings will happen online this year.
Business Development Services 16

17. Doing Business in Canada workshops (DBIC)
In this2-part workshopwe will discuss some of the questions many
newcomershave about doing business in Canada and compare and
contrast business culture in Canada with your home country.
▪ Some of the topics covered will be:
▪ The government’srole in business
▪ Rules and regulations
▪ Canadian customer service expectations
▪ Corruption/dishonesty/illegalactivities
▪ Taxes
▪ Financial institutionsin Canada
Business Development Services 17

18. Doing Business in Canada workshop (DBIC)
▪ This workshop is imbedded in the immigrant BEST programs
(IWEB & IBEST)
▪ Is a 2-part workshop for a total of 3 hours
▪ DBIC workshops offered most months; August, November,
January, February, March, April, May, June
▪ Want to come to a workshop? Please register on our
website https://seedwinnipeg.ca/programs/sessions/c/business-
development-workshops-for-newcomers
Business Development Services 18

19. Immigrant Women ExploringBusiness (IWEB)
Program goals and activities
1. Build self confidence
2. Get some money management skills
3. Decide if self-employment is right for you
4. Decide if your business idea is feasible
Can it make money? Does it meet your personal & financial goals?
5. Get some basic business skills such as customer research, making a
sales forecast
We accomplish these goals with:
▪ Online live training classes
▪ Assignmentstocreate a feasibility study
▪ 1-1 business consulting for feasible business ideas
➢ This training happens every spring.
Business Development Services 19

20. Immigrant Businessand EnterpriseSupport
Training(IBEST)
▪ Online training happening this fall!
▪ It’s a 6-week training – classes are on Monday,
Wednesday, Friday starting October 4th until
November 12 from 6pm-8pm.
▪ Register for an information session on SEED’s
website ASAP
https://seedwinnipeg.ca/programs/detail/newc
omer-business-enterprise-support-training
Business Development Services 20

21. To qualify for BEST
▪ You must be a resident of Manitoba
▪ You and your household must fall within
LICO
▪ Have a business idea (except DBIC
workshops)
▪ Have a skill related to your business idea
(except DBIC workshops)
Business Development Services 21

22. Low Income Cut Off eligibility
Household Size
Maximum Gross
Household
Income
1 person $31,105
2 persons $38,724
3 persons $47,606
4 persons $57,800
5 persons $65,556
6 persons $73,935
7 or more persons $82,317

23. Core Training
▪ Topics include: market research, business
costs, sales forecasts, financial statements,
operations, management, business
regulations
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24. Feasibility Plan
▪ Guided business feasibility study research
& writing: BEST and IWEB programs
include assignments that create a business
feasibility study
Business Development Services 24

25. Business Consulting
▪ Post launch or expansion aftercare
consulting:Personalized consulting on
topics that include: setting up financial
systems, website creation, social media
marketing
Business Development Services 25

26. SEED trained Kay
in the rudiments
of starting her
own back strap
weaving
business,
including
bookkeeping,
billing, and other
essentials
Business Development Services 26

27. Some examples include:
▪ Business Info Centre at the World Trade
Centre Winnipeg
▪ Women’s Enterprise Centre
▪ Futurpreneur
▪ YMCA Self Employment Program for
those who receive EI
Small business help in Winnipeg

29. WHATDO YOUTHINK ARETHEBENEFITSOF…
▪ Getting your qualifications
recognized
▪ Having additional training
▪ Going back to school

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REASONS WHY YOU SHOULD HAVE YOUR
CREDENTIALS RECOGNIZED
▪ Become more marketable through competitive advantage
▪ Keep your skills current
▪ Increase income by earning higher salary
▪ Increase confidence/self-esteem

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▪ Greater stability
▪ Career and life satisfaction
▪ Ability to plan ahead (career, finances, retirement)
▪ Enhanced integration into Canadian life
REASONSWHYYOUSHOULDHAVEYOURCREDENTIALS
RECOGNIZED

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▪ ManitobaJobs, Skills and Development
Centres– Training and Employment Services
▪ https://www.gov.mb.ca/wd/ites/contact.html
▪ Student Loans
▪ https://www.edu.gov.mb.ca/msa/planning-for-your-future/what-is-manitoba-student-aid.html
▪ Scholarshipsand grantsthrough your
university or college
▪ Financial Institutions
▪ Recognition CountsLoan as a last resort
POSSIBLEFINANCIALSUPPORTS

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WHAT MAKES RECOGNITION
COUNTS LOANS DIFFERENT?

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RC 2 – For Assessment RC 2 – For Education
CharacterBased CharacterBased
For assessment For training, upgrading
Occupations:Regulated Occupations:Regulated/non-regulated/trades
Field: same or similar Field: same, similar or alternative
Term: 2 years Term: 4 years
Maximum amount: $3,000 Maximum amount: $15,000
Low Interest:
▪ Fixed, Prime + 2% or Variable,Prime +
1.5%
Low Interest:
▪ Fixed, Prime + 2% or Variable,Prime + 1.5%
Payment:interest+principal the following month Maximum interest only period: 24 months
Maximum study period: 24 months

35. ✓ Immigrants and refugees with
Permanent Resident status or Canadian
Citizenship
✓ Canadian citizens born in Canada that
have foreign credentials or experience
✓ Manitoba residents
✓ Face barriers to getting loan
CLIENTELIGIBILITY

36. Be referred to SEED
by completing
an online Career
Action Plan
✓
CLIENTELIGIBILITY

37. CAREER ACTION PLAN
The online Career Action Plan (CAP) must
demonstrate that clients have been trained outside of
Canada in a
✓ Regulated Profession
✓ Non-Regulated Profession
✓ Trade

38. The online Career Action Plan (CAP)
must demonstrate that:
CAREER ACTION PLAN
Clients are able to complete any
necessary certification, upgrading or
training in:
2 Years or less

39. Are chances of finding
employment reasonable
What is the back-up plan
What else does the CAP need to demonstrate?
CAREERACTIONPLAN

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CHARACTER LOAN DETAILS
✓Employment
✓Assets
✓Credit history
NOT REQUIRED!

41. No Employment Eligible
INCOME
Acceptable sources of other income are:
▪ Government assistance (EI, EIA)
▪ Rent assistance
▪ Child Tax
▪ Other Income sources
But you have to show that you are able to pay your
living expenses during your study period!

42. ✓ No Credit History? Eligible
✓ Credit History? We will look at it
`
`
Un-discharged bankruptcy NOT eligible
ACU and SEED will work with applicants to establish a credit rating
or help improve a poor credit rating through this loan program
`
CREDITHISTORY

43. ✓Repayment at any time without penalty
✓Interest payment on the loan amount
disbursed
✓Loan & payments registered with a
credit bureau
✓No loan fees
CHARACTER LOAN DETAILS

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USESOF THELOAN
EDUCATION
• Registration fees
• Exam fees
• Books
• Computers
• ASSESSMENT
PROFESSION
SPECIFIC
• Immunization
• CPR – Criminal
• Record Check
• Tools - Safety
equipment
LIVING COSTS
• Childminding
• Transportation
• Food
• Housing

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NOTACCEPTABLEUSES
Sending
money
back home
Buying a
car
Living
Costs if on
EIA

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FINANCIAL TIPS TO ACHIEVE FINANCIAL
STABILITY AS A NEWCOMER
▪ Avoid making large purchases such as buying a
house or car until you have a secure job
▪ Attend a monthly online Recognition Counts
information session to learn more about financial
literacy including financial challenges you will
face and how to deal with them
▪ Contact Community Financial Counselling
Services if you ever run into difficulty paying your
bills or have other financial difficulties
▪ https://www.debthelpmanitoba.com/

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CONTACT INFORMATION:
▪ Lizeth Ardila, Marketing
Coordinator:
lizeth@seedwinnipeg.ca 204-927-
9924
▪ Nef Villagonzalo, Loan Coordinator:
nef@seedwinnipeg.ca 204-927-9937
CALLL 0R EMAIL
US ANYTIME
WE WANT TO
HEAR FROM YOU

48. ▪ Our website -
https://seedwinnipeg.ca/programs
▪ On social media – Facebook
https://www.facebook.com/SEEDWinnipeg
Thank you!
Hope to see you soon!
SEED Winnipeg