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Win Your Space YK

Who can apply?

  • You are 18 years or older
  • You are a legal resident of Yellowknife, Dettah or N'Dilo
  • You are willing to commit to signing a one year lease for one of the participating spaces
  • The proposed business may be a sole proprietorship,  partnership, or corporation
  • If you are a current business owner, your application is If you are a current Yellowknife business owner, the application must be 1) unrelated to your existing business, or 2) introduce a new element not promoted at your existing business, or 3) expand upon an element that would be removed from your existing business
  • No franchises or take overs of existing businesses will be considered.

 Complete Rules and Regulations of Win Your Space YK announced with opening of contest on April 2, 2018.

 

If I already own a business, can I still enter Win this Space?

Absolutely! If you have solid multi-tasking skills then submit your idea.

If you are a current Yellowknife business owner, the application must be 1) unrelated to your existing business, or 2) introduce a new element not promoted at your existing business, or 3) expand upon an element that would be removed from your existing business.

Can I submit more than one idea?

Yes! If you have a few ideas that you feel are viable businesses, then you can submit them. Please note that you can only be selected with one of your ideas to proceed as one of the top 10 semi-finalists.

What are the Business Development Workshops?

Check the Events Page for more details on the workshops offered.

I won! What now?

The Grand Prize Winner must

  • Commit to signing a minimum 1-year lease from one of the participating listings, starting no later than November 1, 2018 unless otherwise agreed with the landlord.
  • Obtain a business license from the City of Yellowknife
  • Be open during normal/customary business hours for the term of the one year lease.

As the Grand Prize Winner, you are encouraged to reach out to our partners to learn more about their services, after-care and mentorship programs to support you as you grow your business.

I didn't win. What now?

Win Your Space YK Organizing Committee strives to provide support to any viable business entering the competition, whether or not that business is the Grand Prize Winner. Applicants are encouraged to contact our partners to inquire about support available to them, including business development programs, financial assistance, business centres, online tools and mentorships programs.

How does Win Your Space YK support the business community in Yellowknife?

Based on analysis and business consultations, the Yellowknife Business Incentives Strategy and Business Incubation Strategy Framework (2015), revealed the need for business incubation support for Yellowknife's economy and confirmed the downtown area has a much higher commercial vacancy rate (7.8%) compared to the rest of Yellowknife (2.3%).  By listing vacancies in this area, Win Your Space YK addresses Council's Goals of Downtown Revitalization and Strengthening and Diversifying the Economy.

The City of Yellowknife is committed to supporting both new and existing entrepreneurs in their business endeavors. Win Your Space YK is one of the various initiatives in place to support Yellowknife's business community, including our Economic Development Strategy, Development Incentives as well as tools and resources provided in support of exploring Business Improvement Districts.  Make sure to refer to our partners' websites as well for more information on resources and supports available to businesses.

Why are all available properties located in the downtown area?

While developing the Yellowknife Business Incentives Strategy and Business Incubation Strategy Framework (2015), we have learned that Yellowknife's downtown area has a much higher commercial vacancy rate (7.8%) compared to the rest of Yellowknife (2.3%).  By listing vacancies in this area, Win Your Space YK addresses Council's Goals of Downtown Revitalization and Strengthening and Diversifying the Economy.

Other questions about Win Your Space YK? Contact Richard at winyourspace@yellowknife.ca

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