Eastern Ontario Development Fund

The Eastern Ontario Development Fund provides support for projects and investments to existing businesses, municipalities and not-for-profit organizations for economic development in eastern Ontario. The objective of the program is to provide financial support and services to help growing companies in eastern Ontario make investments to: grow their businesses improve productivity invest in innovation and skills development pursue new markets generate broad positive regional economic impact create new good, sustainable jobs A project is a distinct undertaking, separate from ongoing operations, that will result in benefits to the organization such as business growth or access to new markets. The types of support available include: funding support complementary services and support

2025-01-28

Range between $1 - $1,500,000 _{Funding amount up to 15% of eligible project costs.}

Loans, Grant, Funding

research and discovery, Community

For Profit, Non Profit, Government Institution

This grant is restricted to whole of Canada

development, market expansion, Grant over 500K, Municipalities, Expanding or improving my physical location, provides

This grant is age restricted from 18 to 100

The fund supports business and community economic development projects.

To be eligible, businesses need to:

have at least 3 years of operations/financial statements
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)
invest at least $500,000 in their project (or $200,000 if you are in rural Ontario)
be located in, or plan to locate in, a community in eastern Ontario

To be eligible, projects need to:

be led by municipalities, economic development organizations or sector organizations
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
invest more than $100,000
have private sector support
be used for activities that are new to the organization

Ineligible projects include:

ongoing operations including maintenance and capital replacement
refinancing of existing business operations
acquisitions and buyouts
restructuring, or relocating to other jurisdictions within Ontario
primary production
retail
construction (for example, residential development)
personal services
consulting
electricity generation
waste management/recycling
information and communication services
academic research
stand-alone restaurants and hotels (unless transformative and considered a regional priority)