The Investing in Business Growth and Productivity (IBGP) program, administered by FedDev Ontario, focuses on assisting Canadian businesses within Southern Ontario with economic growth and job creation. This program is geared towards helping businesses expand their markets and facilities and adopt new technologies to improve productivity in order to become competitive within global markets.
The IBGP program is available to small and medium sized enterprises (SMEs) that have between 15- 1000 full time employees and a strong financial track record. Eligible SMEs will receive a repayable contribution of up to $20 million per project to cover up to 25% of eligible project costs. Eligible project costs include capital, labour, expertise, and facility retrofits. Activities that are eligible under this program include the adaptation of new technologies, facility expansion, and market development.
NorthBridge Consultants has experience assisting SMEs with the IBGP application. If your business is planning a large scale project that involves facility expansion, we strongly encourage you to contact one of our funding experts to discuss your eligibility.