Maurice
Posted: January 26, 2022

Amount:

$150,000

Type of Program:

Grant


Description:

The Ontario Automotive Modernization Program (O-AMP) provides funding to small- and medium-sized automotive parts suppliers in Ontario to help modernize Ontario’s automotive supply chain to make it more competitive and responsive to the changing needs of its customers.

Comments on Funding:

Funding is up to 50% of eligible project costs, to a maximum of $150,000.
Applicants must cover at least 50% of remaining project costs through: their business resources or private or bank financing.
Stacking with other provincial program is not permitted.


When It Ends:

Closed for 2021

Deadline:

2022 deadlines to be announced

Eligibility:

The applicant must:

  • Be a small- or medium-sized Ontario-based business in the automotive supply chain,
  • Be a for-profit business (with a business number),
  • have less than 500 employees in Ontario
  • have less than $1 billion in global revenues,
  • have at least two years of financial statements,
  • have at least 50% of the company’s total sales revenue coming from the auto supply sector,
  • have a manufacturing location in Ontario by the time your project starts.

Applications Steps:

1

may wish to contact the Automotive Parts Manufacturers’ Association at o-amp@apma.ca for help to develop and strengthen their application.

2

may also seek assistance from the Ministry’s Senior Business Advisors to develop and strengthen their application. 

3

must read the O-AMP Applicant Guide.

4

must first register with Transfer Payment Ontario (TPON) to create their ONe-key account and ID.

5

must submit their application with the required documents on the through Transfer Payment Ontario.

Documentation Needed:

Applicants must submit:

  • a copy of your Articles of Incorporation;
  • financial statements for the last two fiscal years (auditor or accountant reviewed);
  • quotes from contractors/vendors for budget items;
  • letter of attestation from the CEO or CFO indicating that the company has the financial resources in place to complete the project;
  • project team member resumes.

Other Things to Note:

  1. 1
    The application period for fall 2021/winter 2022 is now closed. Information about future application rounds will be announced in summer 2022.
  2. 2
    Previous sources no longer available. All sources are new ones.

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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