Tag Grants for #fundingprogram

Update: AMIC Grant for manufacturers extended deadline

We’d like to inform you that Advanced Manufacturing and Innovation Competitiveness program has extended its deadline to September 14, 2023.

About AMIC grant for expanding manufacturers:

The program aims to provide financial support to Ontario-based advanced manufacturing companies with a focus on small and medium-sized enterprises. It will facilitate investments in capital equipment, technology adoption and skills development.

Eligibility Criteria:

  • Have at least three years of operations/financial statements.
  • Employ at least 10 people.
  • Commit to creating at least five new jobs and/or upskilled current jobs.
  • Be located in, or plan to locate in, a community in Ontario.

Amount

Types of support available:

1) Loans

Up to 15% of funding, interest-free during the project period (up to four years). If you achieve your investment and job or upskilling targets, up to 30% of the loan may be forgiven.

2) Grants

Grants are available only for specific circumstances, up to 15% to a maximum of $500K.

Need help with this or other government funding programs but don’t know where to start or how to prepare an application?

CHECK ELIGIBILITY

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Funding for Meat Processing Equipment will soon be available

We’d like to inform you that the Meat Processors Capacity Improvement Initiative will accept applications starting August 31, 2023. The program provides funding towards upgrades of meat processing equipment to improve the productivity of the operations.

Eligibility Criteria

Full program eligibility criteria will be provided when the application intake launches on August 31, 2023. Applications that meet eligibility criteria will be reviewed on a first-come, first-serve basis to receive cost-share funding.

Amount

Each successful applicant is eligible to receive up to $150K in cost-share funding to help implement measures that will result in increased meat processing capacity within their meat plants or abattoirs.

Deadline

Applications open on August 31, 2023, and will remain open until January 31, 2024 or until the initiative is fully subscribed, whichever comes first. Eligible project costs can be incurred as of July 26, 2023 and eligible projects must be completed with equipment delivered by March 1, 2024. Recipients will have until June 28, 2024 to have equipment installed.

Need help with this or other government funding programs but don’t know where to start or how to prepare an application?

CHECK ELIGIBILITY

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New Manufacturing Tax Credit

The provincial budget tabled a few weeks ago shed some light on a new Ontario Made Manufacturing Investment Tax Credit, a 10% grant on the cost of eligible manufacturing equipment.

The program will be a 10% refundable Corporate Income Tax credit for capital investments in buildings, machinery and equipment used in manufacturing or processing to continue to bring back manufacturing to Ontario.

Eligibility Requirements

  1. Be Canadian‐controlled private corporation (CCPC)
  2. Have a permanent establishment in Ontario
  3. Make qualifying investments (incur eligible costs)

Eligible Costs

  • Constructing, renovating or acquiring buildings used for manufacturing or processing that become available for use on or after March 23, 2023. To qualify as a building used for manufacturing, 90% of the floor space of the building must be used at the end of the corporation’s taxation year for manufacturing or processing.
  • Machinery and equipment used in the manufacturing or processing of goods. The machinery and equipment would have to be acquired and become available for use on or after March 23, 2023, and before 2026.

The maximum amount of funding is twenty million per taxation year and would be prorated for a short taxation year.

Need help with this or other government funding programs but don’t know where to start or how to prepare an application?

CHECK ELIGIBILITY

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Digital Competence Center Grant vs Canada Digital Adoption Program

As you may know, recently, the Ontario government launched a Digital Competence Center grant program that helps businesses determine the right technology for them and then implement the solution.

 

This launch created confusion between this new DCC grant and the Canada Digital Adoption Program that was launched by the Federal government several months earlier.

 

We would like to address this confusion and answer the most frequently asked questions about both programs.

 

Digital Competence Center Canada Digital Adoption Program
Key eligibility criteria Ontario-based for-profit SMEs with between 1-499 employees and at least $500,000 of annual revenue in one of the last three tax years Canada-based for-profit SMEs with between 1-499 employees and at least $500,000 of annual revenue in one of the last three tax years
Mandatory Technology Assessment prior to funding application Yes Yes
Government grant that covers the costs of mandatory technology assessment 50% of the cost of assessment up to a maximum of $15,000 90% of the cost of assessment up to a maximum of $15,000
Access to a Technology Consultant Before the application starts After the application is approved
Endorsement from the Funder Required Not Required
Endorsement from preferred technology vendor Required Not Required
Funding for Technology implementation Grant of 50% of the implementation cost up to a maximum of $150,000 Interest-free loan for up to a maximum of $100,000, repayable over 5 years
Stackable with each other? No No
How to Apply? Submit the intake request form on the Ontario Center for Innovation website Submit the application form on the Government of Canada application portal
Source of Funding Ontario budget Federal budget

 

Need help with this or other government funding programs but don’t know where to start or how to prepare an application?

CHECK ELIGIBILITY

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The CanExport Program is Back

We are happy to share with you that CanExport will start accepting applications again beginning February 15, 2023, for projects starting on or after April 1, 2023.

The program expanded the list of eligible costs in the intellectual property protection category, but there are no other major changes. The program provides 50% of the costs associated with entering new export markets up to $50K.

Eligible costs categories are:

  • Travel for meetings or events
  • Trade events (shows, conferences)
  • Marketing and translation
  • Interpretation services
  • Contractual agreements, intellectual property protection, certification
  • Consulting – Business, tax and legal advice
  • Consulting – Market research, feasibility studies, identification of key contacts, B2B

The applicant must be a Canadian corporation located anywhere in the country with at least 1 employee on payroll and $100K in annual revenue.

 

Need help with this or other government funding programs but don’t know where to start or how to prepare an application?

CHECK ELIGIBILITY

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Digitalization Competence Centre (DCC) – Ontario Grant for Implementing Technology

Amount: provides 50% of the project cost up to $150,000.

Get Started

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Canada Summer Jobs wage subsidy closing in January

The Canada Summer Jobs (CSJ) Program will accept applications until 11:59 a.m. PST on January 12, 2023.

Canada Summer Jobs (CSJ) provides wage subsidies to employers from not-for-profit organizations, the public sector, and private sector organizations with 50 or fewer full-time employees, to create quality summer work experiences for young people aged 15 to 30 years.

Eligibility Criteria:

  • project duration must be between 6 and 16 consecutive weeks
  • job hours must be full-time (30 to 40 hours per week)
  • the salary must respect minimum wage requirements in the given province or territory
  • must demonstrate health and safety practices implemented in the work environment
  • must demonstrate that hiring practices and the work environment are free of harassment and discrimination
  • must outline the supervision and mentoring plans for the youth and proposed job activities

Read more about the program and other criteria here.

 

Need help with this or other government funding programs but don’t know where to start or how to prepare an application?

CHECK ELIGIBILITY

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COJG Funding and Lean Management Podcast

We are glad to inform you that Canada-Ontario Job Grant (COJG) is still open and accepting applications even though the maximum number of trainees is now limited to 25 per applicant. The program’s main goal is to help offset employee training costs by providing financial support to individual employers.

Key Highlights:
– Employers can get up to $10K in government support per person for training costs.
– Employers with 100 or more employees need to contribute 1/2 of the training costs. Small employers with less than 100 employees need to contribute 1/6 of training costs.
– Funding is available to small, medium and large businesses to train existing and new employees.

Speaking of the training, we would like to share a great resource for all of you trying to adopt and implement lean management principles. Here is the podcast with our friend Bill Neeve, president at Cycle Time Management Inc, “The Problem with Lean: Where You May Have Gone Wrong.” Bill shares lean management principles and how to make it work for your company. Please note that lean training is eligible for the Canada-Ontario Job Grant. Contact Bill here.

Need help with this or other government funding programs but don’t know where to start or how to prepare an application?
Fill out Eligibility Check form at http://fairgrantwriting.ca/eligibility/ to find out.

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