Enhanced Manufacturing Capabilities for Northern Ontario – FedNor

Manufacturers strive to enhance and improve capital equipment used in manufacturing processes. To boost competition and productivity in the industry, the Federal Economic Development Agency for Northern Ontario launched the Targeted Manufacturing Initiative.  

The principal objective of this program is to facilitate a modernized and competitive manufacturing sector in Northern Ontario. With this program, small and medium sized Canadian businesses will enhance manufacturing capabilities, build more efficient production facilities, and increased export sales and profitability. Most importantly, the program will help the economy in Northern Ontario grow. 

Targeted Manufacturing Initiative  

Type of Funding available 

The Targeted Manufacturing Initiative can contribute up to 33% of eligible capital costs and up to 50% of eligible non-capital costs in repayable assistance.  

Eligible Applicants 

Firms who have the following: 

  • Current commercial manufacturing located in Northern Ontario 
  • 500 or fewer employees 
  • A plan for future growth  

Eligible Projects

  • Eligible projects aim to improve and modernize manufacturing capabilities and production facilities, leading to increased productivity, competitiveness, and export potential.  

Project Timeline

Applicants will need to provide:  

  1. A work plan detailing the productivity improvement or the equipment to be addressed, including milestones/timelines. 
  2. Evidence of capacity to implement the project, including financial statements for the past three years.  
  3. Details on how the proposed project will benefit business operations. 

Deadline

Applications will be accepted on a continuous basis.  

Contact EVAMAX to find out more about how to maximize your changes of submitting a successful application! 

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