No Fixed Amount
Type of Program:
Grant & Loan
The Regional Development Program - Business Projects provides support for projects and investments to businesses and not-for-profit organizations for economic development in eastern and southwestern Ontario.
Comments on Funding:
Funding is up to 15% of eligible project costs to a maximum of $5M for loans and interest free during the project period (up to 4 years). If the applicant achieves his investment and job targets, up to 30% of the loan (to a maximum of $500,000) may be forgiven.
Funding for grants is up to 15% to a maximum:
Applicants are not allowed to combine (or “stack”) Eastern Ontario Development funding with other provincial programs.
When It Ends:
March 4, 2021
June 4, 2021
September 10, 2021
December 17, 2021
The applicant must:
contact a regional advisor for help with the application,
register for Transfer Payment Ontario and submit an eligibility checklist,
work with a regional advisor, complete the application forms and submit along with the required information, if eligible.
The applicant must be able to provide 3 years of operations/financial statements.
Other Things to Note:
There are four application intake periods each year. Applicants will be notified of decisions within 60 business days of the application deadline.
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.