Southwestern Ontario Development Fund (SWODF)

This program offers support to businesses and community economic development projects for economic development in Southwestern Ontario.

What Is Southwestern Ontario Development Fund (SWODF)?

The Southwestern Ontario Development Fund (SWODF) is a government-funded program that provides financial assistance to businesses, municipalities, and not-for-profit organizations in Southwestern Ontario. The fund supports projects that create jobs and build talent, attract and encourage private sector investment, lead to business growth and broad positive economic impacts, and encourage innovation, collaboration, and cluster development.

Southwestern Ontario Development Fund (SWODF) Overview

The Southwestern Ontario Development Fund (SWODF) offers a variety of funding options to businesses and organizations in Southwestern Ontario. To be eligible for funding, projects must meet certain criteria, such as creating new jobs, investing in new facilities or equipment, or developing new products or services. The SWODF is a valuable resource for businesses and organizations looking to grow and expand in the region.
SWODF funding can help you grow your business by providing financial assistance, support from experienced professionals, networking opportunities, and increased visibility.

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?

– 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 projects 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

Project related costs

PROGRAM DEADLINE

Application Dates:

August 17, 2023 – October 5, 2023

then December 7, 2023 – January 25, 2024

and March 28, 2024 – May 16, 2024

Get Expert Advice and Support

Our team will review your application and provide funding recommendations within a few weeks. If your project is approved, you’ll receive funding to cover a portion of eligible project costs.

Ready to take your business to the next level? Contact EVAMAX today to learn more and start your application process.

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Let EVAMAX do the rest.

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Southwestern Ontario Development Fund (SWODF)

What Is Southwestern Ontario Development Fund (SWODF)?