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Eastern Ontario Development Fund (EODF) and Southwestern Ontario Development Fund

The Eastern Ontario Development Fund provides support for projects and investments to businesses, municipalities and not-for-profit organizations for economic development in eastern Ontario through 3-4 year projects.

Status

Open

Deadline

June 15, 2023

Funding Limits

Business Projects Loans

  • Up to 15% funding to a maximum of $5M, interest free during the project period (up to 4 years).

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Business Projects Grants

  • Up to 15% of $500,000 if your company has fewer than 100 employees and is based in rural Ontario (population of your community is less than 100,000 or population density is less than 100 people per square kilometre)

  • Up to 15% of $1,500,000 for strategic projects that are foreign direct investments or from companies competing against other jurisdictions (in limited circumstances)

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Community Economic Development Projects

  • Up to 50% of eligible project costs for a maximum grant of up to $1.5 million.

Used for

  • Grow your business

  • Improve Productivity

  • Invest in innovation and skills development

  • Pursue new markets

  • Create new and sustainable jobs

  • Attract and encourage private sector investment

  • Lead to business growth and broad positive economic impacts

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