Forecast: Federal Election Impact on Government Funding

As we get ready for the election day on Monday, I thought it is a timely idea to forecast what Federal government funding programs may be impacted by the election results. I split the programs by impact.

A big disclaimer: this is a non-partisan and non-solicitation newsletter, and it only reflects my opinion. Your vote is your choice.

Low Impact

It is unlikely that the R&D funding programs like SR&ED and IRAP will be significantly altered. They were around for a number of years. In addition, CanExport program, will likely stay as is or go through minor adjustments since all major parties committed to the Canadian export growth.

Medium Impact

The mandate of the regional development agencies (FedDev and FedNor in Ontario) may be revised depending on the election result. However, those agencies already survived the change in Federal government 4 years ago. They provide interest-free loans such as Business Scale Up & Productivity and funding for Yves Landry Foundation’s skills training fund (AIME Initiative).

Depending on the budget constrains, the Federal portion of the Canadian Agricultural Partnership may be slightly adjusted. But overall, the agri-food sector is on the list of the priorities of all political parties.

High Impact

All Federal programs that depend on the Federal carbon tax, such as Climate Action Incentive Fund, may be significantly impacted if the tax is reduced or scrapped. Other incentives for clean technology research, development and adoption and energy efficiency may also be impacted.

Anything New to Expect?

Two Canada’s leading political parties committed to the automotive industry growth. However, it is unclear how exactly this commitment will be delivered. It may be similar to the provincial Ontario Automotive Modernization Program.

Both parties also committed to skills training so we expect the launch of a replacement of Canada-Ontario Job Grant sometime in 2020.

What Do You Think?

Let me know what you think about the future of Federal government funding by replying to this email.

And remember, the government funding programs come and go. The only way for you to stay up-to-date is to check your eligibility regularly.

Market Access Initiative

Amount: 75% cost-share funding of total eligible costs, to a maximum of either $20,000 or $30,000 cost-share per project depending on project category.

Get Started

Ontario Automotive Modernization Program

Amount: 50% of eligible costs up to a maximum of $100,000

Get Started

[Invitation & Gift] Be My Guest at CMTS-2019

This week marks the 10th anniversary of my arrival to Canada. I am so grateful that, in celebration of this significant milestone, I am sharing with you complimentary show floor pass to the Canadian Manufacturing Technology Show (CMTS 2019)! You may also take advantage of 20% off conference rates as my guest.

This time we won’t be exhibiting, but I managed to get a small speaking engagement.

Show & Conference Dates: September 30 – October 3, 2019

Venue: The International Centre, 6900 Airport Rd, Mississauga, ON L4V 1E8

I look forward to seeing you at the show!

Oh, and if you want to give a gift to me, forward this email to your friends, clients, partners or suppliers. They can register at CMTS 2019 or check their eligibility for government funding.

What’s New in COJG Funding Program Rules?

I hope your long weekend went well! This week I wanted to share some updates about Canada-Ontario Job Grant. The updates were introduced mid-August but I thought it is best to bring them up now that you are likely back to work this week.

What is New in COJG Program?

  • Past performance is now important. If you’ve applied before, make sure that your previous training funded by the program was completed successfully.
  • Membership, subscription and annual fees as well as professional association costs are no longer eligible.
  • Employer and Trainer Attestation Forms were introduced. This is extra paperwork that must be submitted in case if your trainer is a private company.
  • Trainer Qualification Criteria were introduced. The trainer must meet these criteria.

Other than that the program remains the same. There were no changes in eligibility rules, application forms or assessment criteria. Businesses located in Ontario can take advantage of the COJG funding for skills training and get 50%-86% of eligible training cost up to a maximum of $10,000 per trainee (in certain cases up to $15,000).

Knowing how popular the training funding among our clients, we recommend you to check your eligibility and start the application process today.

Extension of Yves Landry AIME Skills Training Funding

We are always glad to share some great news and funding opportunities with you. This week we would like to inform you about the extension of Yves Landry Foundation Achieving Innovation and Manufacturing Excellence (AIME) Global initiative.

The AIME program has been established by The Yves Landry Foundation with an intention to offer manufacturers in south, central and eastern Ontario up to $100,000 to offset the costs of training expenses related to supporting innovation and achieving a competitive advantage.

This week Yves Landry Foundation received an $11 million investment to extend its Achieving Innovation and Manufacturing Excellence (AIME) Global initiative into 2021, with a focus on support for companies that are adopting clean technologies and those providing training opportunities for Indigenous peoples, women and youth. Some of the examples of eligible training opportunities include but are not limited to:

  • ERP training
  • Lean manufacturing training
  • Software training
  • Advanced equipment skills training

Knowing how popular those areas of training are among our clients, we recommend you to check your eligibility and start application process today.

CHECK ELIGIBILITY NOW

Back to School: 50% off the book Get Funded! + Shipping on us

In these past few weeks of the summer I wanted to share with you the wisdom of navigating the Canadian funding landscape captured in my book Get Funded! There is still enough time to do the funding homework before the kids return to school and the fall’s busy weeks start.

You have an exclusive opportunity to buy the book at 50% off, plus free shipping, but only until September 9, 2019.

YOU WILL LEARN:

  • How to navigate the variety of the funding options in Canada – government, bank and private funding, and how not to get lost
  • How to determine your funding needs and select the right funding options
  • Tips from the funders and writers on how to increase the chances of getting the funding
  • Examples of the best answers to the questions in the application forms
  • Little-known details about term loans, lines of credits, mortgages, government grants, tax credits, customs duty drawback, angel & venture capital funding, leasing, asset-based lending, factoring and much more.

BUY BOOK NOW: 50% OFF

CHECK ELIGIBILITY NOW

Place to Grow: Agri-food Innovation Initiative

Amount: Minimum government contribution to a project is $250,000 while the maximum suggested government contribution is up to $1 million.

Next Intake: Intake will remain open until Sept. 27, 2019

Eligible Projects

Funding will support agriculture and food value chain partners by offering cost-share funding opportunities to address identified industry priorities and outcomes for Ontario in the following areas:

    • Food Safety and Traceability
    • Animal Health
    • Plant Health
    • Soil Health and Water Quality
    • Market Development
    • Technology Solutions
    • Addressing Labour Supply and Training Challenges

 

New Equipment & Building Upgrade & Energy Conservation Incentive – October 15, 2019 deadline

I’m pleased to share two exciting news with you.

First of all, Federal government launched a new incentive program for businesses in Ontario, New Brunswick, Manitoba and Saskatchewan, called Climate Action Incentive Fund (CAIF) which provides 25% of the project cost up to a maximum of $250,000. The purpose of CAIF is to facilitate greenhouse emission reduction projects in the following categories:

  • Retrofitting and upgrading of existing production equipment
  • Fuel switching to lower emitting energy sources
  • Process changes to reduce energy
  • Waste-heat recovery
  • Building retrofit including HVAC, lighting, building envelope upgrades and building automation
  • Heavy-duty vehicle retrofits
  • Changes to agricultural processes to improve energy efficiency
  • Fuel switching to lower emitting energy sources in agricultural operations

The deadline is October 15, 2019 but don’t wait until the last moment.

CHECK ELIGIBILITY NOW

Secondly, this is an exciting limited time opportunity for the businesses to take advantage of stacking two government energy conservation incentives – Federal (CAIF) and Provincial.

With products and services from our partner Green Management Group this opportunity can enable your business to reduce the price of energy conservation upgrades for your buildings such as LED lighting.

We will apply on your behalf for both the Federal, Climate Action Incentive Fund, incentive (open till mid October 2019 or fund depletion) and the longstanding saveONenergy provincial incentive to reduce the cost of energy saving building retrofits by up to 50% or more.

Energy conservation retrofits significantly reduce fixed overheads and free up cash and electrical capacity for other equipment. Attached please find further information regarding this limited-time funding opportunity.

Other renewable energy projects such as roof-top solar PV, Solar heating etc. from Green Management Group are eligible for CAIF funding that will cover up to 25% of the installed project cost.

CONTACT GREEN MANAGEMENT

DOWNLOAD BROCHURE

Climate Action Incentive Fund (CAIF)

Amount: $250,000 per project ($20,000 minimum)

Get Started

Place to Grow: Agri-food Innovation Initiative

Month of August is quickly approaching and I would like to give you heads up on the great program in the Agri-Food sector, that will begin accepting applications starting August 15.

Place to Grow: Agri-Food Innovation Initiative provides cost-share funding opportunities to agriculture and food-value chain partners, which encourages greater collaboration to identify opportunities and address challenges in the sector.

The Place to Grow program will allow organizations to apply for projects in key priority areas, including:

  • Labour supply and training challenges (new category).
  • Economic development in the agri-food and agri-products sectors.
  • Environmental stewardship to enhance water quality and soil health.
  • Protection and assurance to reinforce the foundation for public trust in the sector through improved assurance systems in food safety and plant and animal health.

The new programming will encourage interest from outside the agri-food sector to participate on broad-impact projects that will benefit from different kinds of expertise. It’s expected such projects will see new partners engaged to further drive innovation in areas such as advanced manufacturing and the greater use of data available to the sector.

All program details including the program guide and application forms will be available online in August 2019.

Eligible applicants can apply for cost-share funding from August 15 to September 27, 2019 at 5 p.m. Eastern Daylight Time.

Check eligibility of your company and your project for the government funding by submitting eligibility check form.

CHECK ELIGIBILITY NOW

Rural Innovation Initiative Eastern Ontario (RIIEO) REGIONAL STREAM

Amount: Selected projects will be eligible for a non-repayable performance-based contribution and require a minimum 50 percent cash contribution by the recipient on eligible expenses net of HST. The minimum project size for an Eastern Ontario Innovation Initiative regional stream project is $200,000 resulting in a minimum contribution of $100,000 by the recipient.

Get Started

Eastern Ontario Funding – Rural Innovation Initiative

I hope you are staying productive this summer and remembering to enjoy the gorgeous weather over the weekend. Meanwhile, our team is working hard to keep you up to date with the government funding programs that are coming out. This week we want to share with you the Rural Innovation Initiative Eastern Ontario (RIIEO) – Regional StreamProgram.

The purpose of the program is to support projects that accelerate the growth of SMEs on the innovation track, with benefits to multiple communities within Eastern Ontario.

Projects will demonstrate sustainability, drive prosperity and job creation, sustainability through innovation, research and development, commercialization, and business practices that work to position the region for global competitiveness, export markets, and economic diversification.

Selected projects will be eligible for a non-repayable performance-based contribution and require a minimum 50 percent cash contribution by the recipient on eligible expenses net of HST. The minimum project size for an Eastern Ontario Innovation Initiative regional stream project is $200,000 resulting in a minimum contribution of $100,000 by the recipient.

The combined Stream total support to for-profit recipients will not exceed $100,000.

The program is already accepting applications with all projects through 15 Eastern Ontario counties being targeted for completion by December 31st, 2020.

Check eligibility of your company and your project for the government funding by submitting eligibility check form.

CHECK ELIGIBILITY NOW

CanExport Innovation (formerly Going Global Innovation)

Amount: Up to 75% of eligible costs to a maximum of $75,000 for any approved CanExport Innovation Project.

NOTE: Starting fiscal year 2019-2020, CanExport Innovation is offered as both a grant and contribution funding program. Eligibility for a grant or contribution will be assessed as part of the Formal Review phase of the Application Review Process.

Get Started

CanExport increases project funding limit

I’m happy to share some good news about CanExport Program.

As of August 22, 2019, the CanExport will increase project funding limit up to $75,000 to cover up to 75% of eligible expenses. The program will also be expanded to include agriculture, agri-food and agri-products industry, including fish and seafood. Eligible expenses are related to marketing the business or product in a new export market including but not limited to the following:

  • Business travel;
  • Participation at trade fairs, trade shows, conferences, trade missions;
  • Shipping and handling costs related to the participation;
  • Translation & interpretation costs;
  • Market research;
  • Adaptation of marketing tools for a new market; and
  • Legal fees associated with a distribution/representation agreement.

In order to make the changes to our systems, the CanExport for SMEs application system will be closed from August 9 to 21 and will re-open on August 22. Any current projects and those submitted before August 9 will continue to have access to a maximum of $50,000 in funding to cover up to 50% of eligible expenses.

Check eligibility of your company and your project for the government funding by submitting eligibility check form.

Interview to Plant Magazine, June 2019

Recently, I had a pleasure of contributing to the newest Plant magazine issue and sharing my thoughts on government grants for manufacturing sector. I would like to share this interview with you, in hopes that it will enable you to understand the whole government funding concept better and give you practical tools on how to start the grant application for your business.

Funding changes.

It’s quite the task to stay up to speed on all the government grants a manufacturer can access. “The funding is always changing. Only a handful of programs are over five years old,” says Igor Chigrin, author of a book on the subject (Get Funded) and a government-funding expert at Fair Grant Writing in the Greater Toronto Area. “Funding is often limited by changes in government budgets and the government is not that good at communicating changes, but it’s absolutely worthwhile,” Chigrin says. “Government funding can give manufacturers the cash they need, and often it’s not repayable.”There are six main categories targeted for government funding:

  1. Equipment purchasing
  2. Skills training
  3. Export marketing
  4. Research & Development
  5. Software
  6. Hiring

He suggests identifying the programs you qualify for and make note of the deadlines, the eligibility requirements and the availability of the grants, details that unsuccessful applicants overlook. It’s mandatory to call the programs to ensure funding is available. “It’s always a good idea to establish a relationship with a funding agency early on.” It could take two to six weeks or six to eight months for approval, depending on the requirements. “Before you actually get your money you have to submit claims and demonstrate two things: you have expenses, and you have accomplishments. The main benefit to the manufacturer is productivity improvement. Chances are you will get more funding if this is the case.” Chigrin offers this advice to manufacturers looking to invest access grants and contributions: “If this is the road they want to take, it requires patience.”

Finding adequate funding to invest in your business can be challenging, but there are sources to tap and resources available that point to the best way forward.

Check eligibility of your company and your project idea by submitting eligibility check form.

 

Good News – Bad News and Event Invitation Reminders

I am happy to share the good news that Yves Landry Foundation’s AIME program that helps manufacturers recover 50% of the cost of skills training in advanced technology, equipment, software or process (e.g. Lean), is back for a short time. The applications are accepted for training with completion dates between Feb.29, 2020 to May 31, 2020.

Don’t procrastinate! Last time the funding ran out within 2-3 months. Check your eligibility now or reply to this email to get started.

CHECK ELIGIBILITY NOW

On a sad note, as of May 31st, Southwestern and Eastern Ontario Development Funds no longer accept applications until further notice. The provincial government is working on some modifications to the programs, and we will keep you posted.

The funding programs constantly change, as you can see. To get you up-to-date, we invite you to attend the following events where we will go through the funding programs available for Ontario businesses.

June 20th, 10 a.m. Webinar: Industry 4.0, Industrial Internet of Things and Government Funding. Register here.

June 26th, 10 a.m. Seminar: Enterprise Resource Planning and Government Funding. Register here.

I am heading to Windsor to attend Automotive Parts Manufacturers Association’s Annual Conference tomorrow, on June 12th. If you are attending too, please, reply to this email and I will be happy to meet you.

ERP Success through Planning and Government Grants Seminar

Join Us for ERP Success through Planning and Government Grants Seminar on June 26, 2019 in Burlington, ON!

Sign up now to RSVP for our special event where you’ll learn:

How foreign exchange strategies can save money
How to leverage SR&ED more effectively
How to select the right ERP features for make to order manufacturers
Critical success factors of ERP implementations
Government funding opportunities
Best practices for submission of funding applications

Seminar Speakers:

Mark Corker, Seradex
Igor Chigrin, Fair Grant Writing

Date and Time: June 26, 2019, 10:00 a.m. – 12:00 p.m.

Venue: MtechHub Innovation Centre, 3517 Mainway, Burlington, ON L7M 1A9

Reserve My Spot!

[Webinar Invitation] June 20, 10:00am – Industry 4.0 & IIoT and Government Funding

How would your business and life change if you increased operational efficiency by 10% to 50%? Attend this webinar to learn how to reach that level and use the government funding to pay a portion of the solution cost.

When: Thursday, June 20, 10:00 a.m. EST
Where: The link to the webinar will be sent automatically as soon as you sign up here.

Agenda:

10:00 a.m. Introduction and Welcome

10:05 a.m. Applying Industrial Internet of Things (IIoT) in real world situations for manufacturing to achieve outstanding operational efficiency.

Technology is here now to apply IIoT to any manufacturing machine
Automating the measurement of machine data for objective analytics
Case study examples
Demonstration of live systems
Operational benefits of Data-Driven Manufacturing
10:25 a.m. How to get the Government finance your IIoT projects?

Government funding programs for your business
No-interest government loans
Overview of the government grants for software and skills training
Funding strategies and next steps
10:45 a.m. Wrap up and Close. Questions & Answers.

Speakers:

John Rattray – Senior Executive, Memex Inc.

Igor Chigrin – Business Funding Expert, Fair Grant Writing

 

Reserve My Spot!

[Seminar Invitation] May 23, Richmond Hill – Canadian Government Grants & Loans Businesses

Join Us for Canadian Government Grants & Loans for Ontario-based Businesses Seminar on May 23, 2019 in Richmond Hill, ON! Brought to you by Royal Bank of Canada.

Sign up now to RSVP for our special event where you’ll learn:

  • What government funding programs are available for your business
  • What government-backed loans your business may qualify for
  • How to leverage government grants and SR&ED more effectively
  • How to select the right project for government funding application
  • What’s coming in the Federal and Provincial budgets

Seminar Speakers:

  • Sam H-Oshaghi, Royal Bank of Canada
  • Igor Chigrin, Fair Grant Writing

Date and Time: May 23, 2019 at 6 p.m.

Venue: RBC South Hill Branch, 9325 Yonge St #26, Richmond Hill, ON L4C 0A8

Reserve My Spot!

Updated Catalogs with New Funding Programs

We would like to notify you, that we have recently updated our catalogs of the Canadian Government Funding for businesses:

Alternatively, you can check eligibility of your business for the government funding by clicking the red button below.

[Webinar Invitation] April 30 – Money for Manufacturers – Part 2: Funding ERP

Join us on Tuesday, April 30 at the webinar with SYSPRO , that will focus on how you can leverage government funding for ERP acquisition, implementation and training.

Today, manufacturers and distributors face numerous challenges: disparate systems with duplicate processes and data, the inability to support a mobile workforce, inventory control, departments working in silos, and the list goes on. By enabling a single source of truth and digitizing your business, ERP software can help you gain greater control and visibility, reduce costs and streamline business processes to optimize your supply chain or inventory. But how can you fund an ERP implementation when there are cash flow challenges and interest rates on borrowed capital keep going up?

Join this webinar on April 30 to learn about:

  • The key success factors of an ERP implementation
  • How you can maximize your ROI on an ERP system
  • Government funding programs available for ERP projects
  • How to prepare your application to maximize your chances of success
  • Post-project reporting requirements

Speaker: Igor Chigrin, Business Funding Expert, Fair Grant Writing

Click below to save your spot for the “Money for Manufacturers – Part 2: Funding ERP” webinar.

If you can’t make it, just register and we’ll send you a copy of the webinar that you can watch on your own time.

I look forward to your participation!

Reserve My Spot!

Steel and Aluminum Initiative (Temporarily Unavailable)

Amount: Non-repayable contributions from $150,000 up to $1 million, to support up to a maximum of 45 percent of eligible project costs

Get Started

Business Scale-up and Productivity

Amount: No-interest, repayable contributions from $500,000 up to $10 million per project

Get Started

What is in 2019 Ontario provincial budget for you?

Last week the new provincial government published its first budget. Here are the most important initiatives for the business.

1. Introduction of Ontario Job Creation Investment Incentive. This is not a direct government funding program but an immediate write-off for eligible manufacturing and processing machinery and equipment and clean energy equipment. It is coupled with the Accelerated Investment Incentive for most other assets.

The purpose of these incentives is to facilitate capital investments. The immediate or accelerated write-off will help Ontario businesses reduce provincial tax. Talk to your accountant about these initiatives.

2. Launch of the Ontario Automotive Modernization Program (OAMP) to assist automotive parts suppliers adopt technology and become more productive, innovative and export-focused

3. Enhancing Ontario’s Autonomous Vehicle Innovation Network (AVIN) and launch of a “wintertech” stream to test mobility products and services in severe winter weather conditions.

4. Northern Ontario funding program will remove the requirement that applicants must be looking for recent university or college graduates. Program candidates will now include new entrants into the workforce, those transitioning to a new career, the unemployed and underemployed.

5. The budget confirmed the commitment to the Canadian Agricultural Partnership.

6. The Ontario Interactive Digital Media Tax Credit. Companies under the Digital Games stream can apply for tax credit certification annually, rather than having to apply separately for each product they complete.

This spring, the Province will also be launching a micro-credentials pilot, which will create new, responsive training programs to help people develop the kind of in-demand skills that employers are seeking.

All other provincial funding programs will be reviewed during this fiscal year, and we expect more information later in 2019.

Interested in applying for Provincial or Federal funding? Fill out eligibility check form on our website – http://www.fgwinc.ca/eligibility.

CHECK ELIGIBILITY NOW

[Seminar Invitation] April 10, Richmond Hill – Canadian Government Grants & Loans for Ontario-based Businesses Seminar

Join Us for Canadian Government Grants & Loans for Ontario-based Businesses Seminar on April 10, 2019 in Richmond Hill, ON! Brought to you by Royal Bank of Canada.

Sign up now to RSVP for our special event where you’ll learn:

  • What government funding programs are available for your business
  • What government-backed loans your business may qualify for
  • How to leverage government grants and SR&ED more effectively
  • How to select the right project for government funding application
  • What’s coming in the Federal and Provincial budgets

Seminar Speakers:

  • Samuel Lai, Royal Bank of Canada
  • Igor Chigrin, Fair Grant Writing

Date and Time: April 10, 2019 at 6 p.m.

Venue: RBC High Tech and Bayview Branch, 365 High Tech Road, Richmond Hill, ON

Reserve My Spot!

[Invitation] April 4 and April 10 Seminars

We would like to remind you about two exiting events we have coming up:

1. ERP Success through Planning and Government Funding Seminar on April 4, 2019in Burlington, ONBrought to you by Seradex.

Date and Time: April 4, 2019 10:00 a.m. – 12:00 p.m.

Venue: MtechHub Innovation Centre, 3517 Mainway, Burlington, ON L7M 1A9

2. Canadian Government Grants & Loans for Ontario-based Businesses Seminar on April 10, 2019 in Richmond Hill, ON! Brought to you by Royal Bank of Canada.

Date and Time: April 10, 2019 at 6 p.m.

Venue: RBC High Tech and Bayview Branch, 365 High Tech Road, Richmond Hill, ON

Learn More & Reserve My Spot!

Generous Government Funding Program for Agri-food Sector Open for a Limited Time

The Federal and Provincial agricultural ministries have announced the renewed government funding under the Canadian Agricultural Partnership (“CAP”) targeting farms as well as food and beverage producers, including wineries and breweries. In addition, businesses in the burgeoning licensed cannabis sector are able to capitalize on this funding.

Used in tandem with suitable credit financing programs, the CAP presents a significant but limited time opportunity for players in the agricultural sector to rapidly scale and strengthen their businesses.

Up to $250,000 in non-repayable funding is available for businesses, with eligible projects, to augment their capital budgets or increase their return on investment on their internal capital. Applications will be accepted starting March 22, 2019, and close on May 6, 2019.

Interested in applying?
Leveraging the combined expertise of Fair Grant Writing and Farber’s Performance Improvement practice, we can guide you through a successful funding application and project delivery, covering the following areas:

Area of Focus Type of Project
·   Equipment purchasing and upgrades ·    Business case development
·   ERP or Supply Chain Management software implementation ·    Software selection
·    Software implementation
·    Change management
·    Labour productivity planning ·    Lean Six Sigma implementation
·    Target setting and KPI development
·    Dashboard reporting
·   Domestic and international marketing ·    New market research
·    Marketing strategy development
·   New product or process development ·    New market research
·    Process mapping and design
·   Waste reduction ·    Root cause analysis and process redesign

About Fair Grant Writing
Fair Grant Writing helps businesses solve their most pressing challenges and grow by unlocking their access to Government grants and loans. We have developed a robust standards-based system to prepare thorough and detailed funding proposals. This minimizes application preparation time, reduces inaccuracies that can cause the rejection, and increases the chances of a successful application.

For more details on the CAP and other government funding programs that may be applicable to you, check eligibility now on our site or contact Holly Whitely at 647.800.5006 or by email at holly@fairgrantwriting.ca.

About Farber’s Performance Improvement team
Farber Performance Improvement helps companies crystallize their strategy, enhance operational performance, improve leadership, and clarify a vision for the future—one designed to deliver sustained profitability over time. Using targeted performance measures, we provide data-driven insights that will eliminate waste, improve performance, and help companies do what they do better.

For more details on how Farber can create value for you, visit their consulting team, or contact Adam Silver at 416.496.3734 or by email at asilver@farbergroup.com.

New Funding for Steel & Aluminum Manufacturers

I must admit I am surprised. Neither the Federal nor the provincial budgets have been announced yet, but there is a new government funding program to share with you. The FedDev Ontario launched Steel and Aluminum Initiative, a new non-repayable funding program to support steel & aluminum manufacturers hit by the tariff war. But hurry, this is the limited-time opportunity with April 8, 2019 deadline.

Eligibility requirements:

  • For-profit firm located in southern Ontario
  • Must employ between 10 to 499 full-time employees
  • Steel and/or aluminum expenditures must equal to or be greater than 20% of the total cost of goods sold (input cost)
  • Must demonstrate plans for projects to enhance productivity or to increase competitiveness by adopting new innovative technologies.

Eligible projects:

  • Acquiring, adapting, adopting new technologies (e.g. Equipment & Software)
  • Adopting best management practices (e.g. Lean)
  • Market development/expansion
  • Process re-engineering
  • Improving manufacturing capacity
  • Technology showcasing and technology demonstration

Reimbursement:

45% of eligible cost up to a maximum of $1 million (minimum request must be $150,000) in non-repayable funding.

Interested in Steel and Aluminum Initiative funding? Here are 3 easy steps to follow.

1. Check the breakdown of the cost of goods sold as per your most recent financial statement or income statement reported to CRA (T2 Schedule 125).

2. Calculate % of steel and/or aluminum cost of the cost of goods sold. Is it over 20%?

3. If so, Check eligibility of your company and your project by submitting eligibility check form at http://www.fgwinc.ca/eligibility.

Once again, this is a very short 4-week opportunity and the deadline is April 8, 2019. Don’t miss the boat!

Manufacturing Supercluster Funding Intake will soon open

I just got off the webinar held by Jason Mayers, a CEO of Advanced Manufacturing Supercluster (NGen). He announced that the supercluster will start accepting applications for funding from the industry applicants in the end of March, 2019. The supercluster is finalizing funding conditions with the Federal government but this is what is already known.

  1. NGen will reimburse up to 44.4% of a project’s eligible costs.
  2. The projects should have a total cost between $1 million and $20 million.
  3. Applications for Supercluster projects must have at least three private sector companies. Partnerships with educational institutions is encouraged but is not mandatory.
  4. Full requirements and application procedure will be published in a few weeks.
  5. Eligible projects must focus on:
  • Developing advanced technology solutions that give Canadian manufacturers global competitive advantage
  • Adoption of game-changing technology transforming existing manufacturing processes
  • Developing new manufacturing capabilities based on the application of advanced technology
  • Developing new training programs and tools that support advanced manufacturing

Interested in Advanced Manufacturing Supercluster funding? Here are three easy steps to follow.

1. Check eligibility of your company and your project idea by submitting eligibility check form.

2. Become a member of Advanced Manufacturing Supercluster. There is no membership fee.

3. Stay tuned for the updates from us or the Supercluster on the terms and conditions of funding and the start date of the intake.