Southwestern Ontario Development Fund (SWODF)

Amount: $1,500,000 in grant, plus $5,000,000 in non-interest repayable loan

The Southwestern Ontario Development Fund (SWODF) provides government funding to businesses, municipalities and not-for-profit organizations for economic development in southwestern Ontario. The fund supports projects that create jobs, encourage innovation, collaboration and cluster development, and attract private sector investment.

Eligibility Criteria: Southwestern Ontario Development Fund (SWODF)

  • Be located in Southwestern Ontario: Brant, Bruce, Chatham-Kent, Dufferin, Elgin, Essex, Grey, Haldimand, Huron, Lambton, Middlesex, Niagara, Norfolk, Oxford, Perth, Simcoe, Waterloo, Wellington.
  • For Business Stream Sub-program
    • employ at least 10 people
    • commit to creating at least 10 new jobs
    • be able to provide 3 years of operations/financial statements
    • be located in, or plan to locate in, a community in southwestern Ontario
    • invest at least $500,000 in their project
  • For Small Community Pilot Sub-program
    • employ 5-10 employees and be located in small communities (a municipality with a population less than 20,000 or with a population density of less than 100 persons per square kilometre).
    • minimum investment of $200,000 over 4 years
    • a 50% increase in current employment
  • Eligible industries
    • advanced manufacturing (automotive, aerospace, plastics, clean technologies)
    • life sciences
    • processing (primary and secondary)
    • information and communication technology
    • tourism
    • cultural industries

Eligible Cost: Southwestern Ontario Development Fund (SWODF)

  • Project facility modifications/upgrades required for the project
    • e.g. construction costs/retrofits associated with an expansion to a facility on land already owned by the business, site servicing, power service upgrades, HVAC, new requirements for fire-detection and suppression, embedded energy generation systems, ICT used internally for business/operations integration or to meet specialized customer/client needs
  • Equipment and Machinery required for the project
    • e.g. new technology, new high performance equipment and machinery, maintenance equipment associated with new technologies or systems
  • One-time internal labour, including costs to set up/commission new equipment, technology or systems for the project
  • One-time materials, including materials used for configuring and testing production processes for the project and systems, and materials used for training employees for the project
  • Specialized Expertise required for the project
    • e.g. third-party engineering services, software development, project management, etc.
  • Skills training, including employer-provided training, related to the project
  • Project-related permits, fees and other similar charges

Our Focus:

  • Writing application package for the Southwestern Ontario Development Fund
  • Profitability analysis of the proposed project
  • Preparing project financial calculations
  • Assisting in report writing once SWODF application is approved

Examples of Projects Funded by Southwestern Ontario Development Fund (SWODF)

Southwestern Ontario Development Fund (SWODF)Through its Southwestern Ontario Development Fund (SWODF) Ontario is partnering with Guelph Manufacturing to invest in new equipment and expand its capabilities, creating 31 new jobs and retaining 523 positions in Guelph. Guelph Manufacturing specializes in welding, metal stamping, and tube and wire forming for the automotive sector. With a grant of $874,800 from the province, the company is investing more than $8.7 million to increase its manufacturing capabilities. This expansion will allow Guelph Manufacturing to offer larger parts, improve production efficiencies to become more competitive, and develop in-house design engineering capabilities to better meet client needs. Source