Northern Ontario Heritage Fund: Funding Guide for Business Owners

ByMaurice

This guide for business owners covers current Northern Ontario Heritage Fund Corporation (NOHFC) funding programs, including conditional contributions, loans, and other types of financing for entrepreneurs. This is our dedicated “hub” page for NOHFC funding programs. We’ll continuously update this page to reflect changes in programs – so bookmark this page and check back often for updates!

NOHFC Mandate

The Northern Ontario Heritage Fund Corporation (NOHFC) is an operational service agency established under the enabling legislation of the Northern Ontario Heritage Fund Act.
Oversight of NOHFC falls within the mandate of the Ministry of Northern Development.
NOHFC’s objectives are set out in the Northern Ontario Heritage Fund Act as follows:

  • to advise and make recommendations to the Lieutenant Governor in Council on any matter relating to the growth and diversification of the economy of Northern Ontario;
  • to promote and stimulate economic initiatives in Northern Ontario; and
  • to commission studies and enter into contracts in connection with the objects set out in the aforementioned two objectives.

NOHFC’s vision is to be a catalyst for key strategic investments to stimulate economic development and diversification in Northern Ontario.

Its mission is to partner with communities, businesses, entrepreneurs and youth across Northern Ontario to create jobs and strengthen the economy.

NOHFC Priorities

NOHFC’s strategic priorities include:

  • Supporting the following strategic project categories:
  • Innovation, Research and Development, and Commercialization: Supporting applied research and development projects and initiatives that lead to innovative products and services with commercialization potential.
  • Creativity, Productivity and Entrepreneurial Development: Supporting an environment that promotes creativity, productivity, and entrepreneurial development.
  • Partnerships and Collaboration: Maximizing opportunities to leverage NOHFC funding through partnerships and collaboration to ensure the success of projects and sustainable economic outcomes.
  • Focusing internally on:
  • Organization development and renewal to improve the efficiency, effectiveness, access, and delivery of NOHFC programs, as well as improve performance measurement.
  • Increasing the awareness, understanding and recognition of NOHFC, its programs, and processes.

Some of NOHFC’s key priorities and projects for fiscal 2022-23 include:

  • a continued focus on promotion and delivery of NOHFC’s renewed programs;
  • achieving all milestones for NOHFC’s information technology and system renewal project, by providing dedicated resources to the project to make the processes for NOHFC, services providers, and clients easier and more efficient;
  • continuing to facilitate informed funding and operating decisions to help manage funding approvals and operating expenses within the allocation from the Province;
  • completing the procurement process for third-party due diligence and monitoring services by November 1, 2022; and
  • maintaining continuous process improvement, training, and support to ensure the success of the service arrangement with the Regional Economic Development Branch (REDB), enhancing NOHFC’s service delivery to clients.

You can learn about NOHFC’s priorities by reading its 2022-23 Business Plan.

Types of Funding NOHFC Offers

NOHFC offers financial incentives, including conditional contributions, loans and more.

NOHFC Funding Programs

Below are links to NOHFC’s specific programs:

  • Invest North Program:
  • People and Talent Program:
  • Cultural Supports Program:

NOHFC Contact

NOHFC Main Office:

Northern Ontario Heritage Fund Corporation
Roberta Bondar Place 70 Foster Drive, Suite 200
Sault Ste. Marie, ON
P6A 6V8
Canada

Phone:
General Inquiry: 1-705-945-6700
Toll Free: 1-800-461-8329

Fax:
Sault Ste. Marie: 1-705-945-6701


E-mail:
General Enquiry: AskNOHFC@ontario.ca

NOHFC Social Media:

Twitter

About the author

Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Ontario to identify and maximize government grants to grow their business. Click here to learn more about Moe’s background and how he can help your business.

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