FedDev Ontario – Community Economic Development and Diversification – Not-For-Profit Organizations (2021)

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.

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:

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.

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