Eastern Ontario Development Fund
This program offers support to businesses and community economic development projects for economic development in Eastern Ontario.
How Much Funding?
Businesses:
Up to 15% of eligible project costs.
Loans: Maximum of $5M
Grants: Maximum of $500,000 for organizations with fewer then 100 employees. Maximum of $1.5M for strategic projects that are foreign direct investments or from companies competing against other jurisdictions.
Community economic development projects:
- Up to 50% with maximum of $1.5M
Who Qualifies?
Eastern Ontario
- Businesses operating at least three years with at least ten employees (five if rural Ontario)
- Community economic development projects focus on business and economic development
Eligible Activities & Expenditures
This program supports project related costs that:
- Create jobs and build talent
- Attract and encourage private sector investments
- Lead to business growth and broad positive economic impacts
- Encourage innovation, collaborations, and cluster development
Program Deadline
Next period deadline is September 10, 2021
