Maurice
Posted: January 19, 2022

Amount:

$ 10,000,000.00

Type of Program:

Grant & Loan


Description:

The Jobs and Growth Fund (JGF) provides funding to businesses and organizations to help create jobs and position local economies for long-term growth.

Comments on Funding:

Funding will take the form of interest-free repayable contributions for up to 50% of authorized costs.

Eligible not-for profit organizations could receive non-repayable contributions for up to 90% of authorized costs.

Project contribution amounts would not normally exceed $10 million.

Certain costs may be eligible on a retroactive basis up to 12 months before the receipt of a project application, but no earlier than April 19, 2021.

Under the fund, Canada’s regional development agencies (RDAs) may contribute up to 100% of eligible project costs for projects with Indigenous clients.


When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

Applicants must be:

  • businesses, including co-operatives;
  • not-for-profit organizations and community economic development partners.

Indigenous-led organizations and/or businesses are strongly encouraged to apply. 

Applications Steps:

1

Applicants are encouraged to contact FedDev Ontario at 1-866-593-5505 to discuss their application and other government programs that may be applicable to their project.

2

Applicants must submit an application for funding providing FedDev Ontario with a detailed description of a proposed project, what an applicant hopes to achieve by undertaking a project, and how the proposed project will align with the program eligibility criteria. 

3

Once the application package is received, a confirmation message will be displayed on the applicant's screen: "Your application has been successfully submitted to FedDev Ontario."

4

Applicants must save and print a copy of the application package and the confirmation message for their records.

Documentation Needed:

Applicants must submit:

  1. 1
    a completed application form. The same form is used for applicants applying to either the Jobs and Growth Fund or the Aerospace Regional Recovery Initiative. Each program has a separate Supplemental Annex for applicants to address program-specific information requirements.
  2. 2
    historical financial statements for the last two (2) fiscal years and the most recent interim financial statement;
  3. 3
    organization's articles of incorporation, and/or Partnership Agreement, Letters Patent, and all other required supporting documentation.

Other Things to Note:

The initiative, valued at $700 million nationally over three years, is being delivered by Canada’s regional development agencies (RDAs) and includes up to $70 million dedicated to businesses created after January 2020 that meet eligibility criteria.

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.

Tags

You may also like

Research and Development Grants for Ontario Businesses (2021): 23 Government Incentives to Boost Your R&D

Research and Development Grants for Ontario Businesses (2021): 23 Government Incentives to Boost Your R&D
Success message!
Warning message!
Error message!