North Bay businesses have a distinct advantage: access to Northern-only funding streams that offer higher grant percentages and lower eligibility thresholds than Southern Ontario. We are helping local firms tap into new mandates for Sovereign Aerospace and Critical Mineral Logistics.
NOHFC Invest North Program
The Northern Ontario Heritage Fund Corporation (NOHFC) remains the powerhouse of regional growth. This year, we target the Innovation and Grow streams to fund up to 50% of eligible project costs (max $1M). Whether you are an aerospace firm at Jack Garland Airport expanding a hangar or a mining supplier on Seymour Street adopting robotic welding, we help you structure an application that prioritizes the Northern Impact reviewers are looking for.
FedNor: Regional Innovation Ecosystems (RIE)
As North Bay matures into a tech-hub, FedNor’s RIE fund is critical for local innovators. This program prioritizes technology adoption and productivity. We help you secure non-repayable and repayable contributions for projects that integrate AI into manufacturing or develop new aerospace components. Our focus is on demonstrating how your project creates high-paying jobs and diversifies the Nipissing District economy.
Northern Energy Advantage Program (NEAP)
For North Bay’s large industrial operators, electricity costs are a primary concern. The provincial government has increased NEAP funding to $206 million annually. We help eligible facilities, particularly in the advanced manufacturing and forest products sectors, apply for these rebates to maintain global competitiveness and reinvest savings into facility modernization and clean-tech adoption.
SR&ED Tax Credit (Mining & Aviation R&D)
Innovation in North Bay happens in the hangar and on the shop floor. The SR&ED tax credit is your foundation for recovering R&D costs. Whether you are solving technological uncertainties in aircraft engine modification or custom drill-rig engineering, we help you recover up to 35% of qualified expenditures. We ensure your technical documentation meets the CRA standards, turning your engineering challenges into predictable cash flow.
