Amount:

$5,000,000

Type of Program:

Loan


Description:

The Community Economic Development and Diversification Stream aims to develop, diversify and transform rural Southern Ontario economies by promoting small business development, community innovation and strategic collaborations.

Comments on Funding:

Funding is normally up to 50% of eligible and supported project costs and ranges from $250,000 to $5,000,000 per project. On an exceptional basis, funding can go up to 100% of eligible and supported project costs.

For projects involving redistribution of funding, the ultimate recipients (SMEs) must provide minimum 50 percent cash contribution. The maximum disbursement of a contribution that provides funding to SMEs as their ultimate recipient is capped at a maximum of $100,000 per SME under a FedDev Ontario project with a not-for-profit organization.

Total government funding is up to 100 % for not-for-profit organizations.


When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

Applicants must be:

  • Not-for-profit organizations that support community economic development and/or diversification, including: 
  • Indigenous organizations
  • Community Futures Development Corporations (CFDCs)
  • Co-operatives
  • Municipalities and other municipal-type organizations
  • A group or an alliance such as an industry association or consortium that is a legal entity capable of entering into a contribution agreement
  • Business accelerators and incubators
  • Other not-for-profit organizations, as determined on a case-by-case basis
  • Located in southern Ontario.

Applications Steps:

1

Applicants are strongly encouraged to contact FedDev Ontario prior to submitting an application. 

2

FedDev Ontario has a single-phase application process and one Application for Funding that is used across all three Streams of innovation programming.

Documentation Needed:

Applicants must demonstrate:

  • Evidence of project funding
  • Market/industry demand (e.g., how the project addresses a significant gap in the market; global opportunity to be seized within Canada; and evidence that southern Ontario is uniquely positioned to capture market share)
  • A viable project plan with achievable outcomes, supported by verifiable cost estimates.

Other Things to Note:

All project activities must be completed by December 31, 2023.

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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