Amount:
No Fixed Amount
Type of Program:
Grant & Loan
Description:
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 and Southwestern Ontario Development funding with other provincial programs.
When It Ends:
Ongoing
Deadline:
March 23, 2022
July 26, 2022
Eligibility:
Applicants must:
Applications Steps:
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.
Documentation Needed:
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.
