Ontario Drive and Gear to Receive $1.5 Million in Funding From Province
A New Hamburg automotive parts manufacturer, Ontario Drive and Gear, is to receive $1.5 million in non-repayable funding from the Ontario government through the South Western Ontario Development Fund. The money will be used to purchase new equipment, in turn adding 35 jobs to Ontario Drive & Gear’s current headcount of 117.
Linking Government Grants to SR&ED: Digital Media Sector
Over the last twenty years, indirect funding has become the most common source of funding for eligible research and development (R&D) work. The Scientific Research and Experimental Development (SR&ED) tax incentive program has been used as one of the main indirect funding sources by countless companies performing R&D. Although SR&ED continues to help companies remain […]