Ontario Automotive Modernization Program (O-AMP)

ByMaurice

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.

Eligibility:

Applicants must be:

  • 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.

Documentation Needed:

  • 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:

The application period for fall 2021/winter 2022 is now closed. Information about future application rounds will be announced in Fall 2022.

Program Contact:

Ontario Automotive Modernization Program

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    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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