Eastern Ontario companies that are looking to undertake an expansion and development project should consider applying for the Eastern Ontario Development Fund (EODF). EODF will provide non-repayable funding of up to 15% of eligible project costs to a maximum of $1.5 million. This fund supports new investment in local regions, the creation of new jobs, and the promotion of innovation and collaboration.
The sectors eligible for EODF funding are advanced manufacturing, life sciences, processing (primary and secondary), tourism, information and communication technology, and cultural industries. The eligibility criteria stipulates that the company:
- Needs to have at least 10 employees
- Is looking to create 10 new jobs
- Will invest in a project of at least $500,000,
- Will invest in a project that extends over a two to four year period.
NorthBridge Consultants has experience with the EODF application process and will provide the necessary guidance to assist with an application. Our team of business analysts and technical writers can assist with eligibility requirements, project positioning, the preparation of the business plan, the preparation of financial projections, in-person meetings with government officials, and reporting requirements after application submission.