We’d like to inform you that Southwestern Ontario Development Fund (SWODF) and Eastern Ontario Development Fund (EODF)‘s current intake is open from August 17, 2023, to October 5, 2023.
Funds support projects and investments to businesses, municipalities and not-for-profit organizations for economic development in southwestern and eastern Ontario. The programs supports projects that create jobs, encourage innovation, collaboration and cluster development, and attract private sector investment.
Eligibility Criteria
- Be located in Southwestern or Eastern Ontario.
- For Business Projects:
- Employ at least 10 people (or 5 if you are in rural Ontario)
- Commit to creating at least 5 new jobs (or 30% increase for companies with fewer than 15 employees)
- Be able to provide 3 years of operations/financial statements
- Be located in, or plan to locate in, a community in eastern Ontario
- For Community Economic Development Projects:
- Be led by municipalities, economic development organizations (including sector groups) or consortia
- Focus on economic and business development and job creation in the community or region by investing in infrastructure or implementing strategies to advance regional economic development priorities
- Lead to measurable outcomes including private sector investment, growth and job creation
- Have private sector support
- Be used for activities that are new to the organization
Amount
Any for-profit business that intends to expand in Southern Ontario outside Greater Toronto and Ottawa is eligible to receive 15% of the expansion budget from the government. The contribution may be in the form of a grant or an interest-free loan.
Need help with this or other government funding programs but don’t know where to start or how to prepare an application?