The programs are tailored to support business expansion and regional economic development in Southwestern and Eastern Ontario respectively. The fund supports projects that create jobs, encourage innovation, collaboration and cluster development, attract private sector investment and lead to business growth and broad positive economic impacts.
Eligibility requirements
Be located in Southwestern and Eastern Ontario;
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
Amount
Up to 15% of eligible project expenses in interest-free loans and/or grants depending on the location and strategic investment nature of the project.
With both the SWODF and EODF programs designed to foster regional economic growth and job creation, securing a grant can help your business accelerate expansion plans. Start preparing your application now to ensure all necessary details are ready by November 5.
