OIDMTC Supports Development of Interactive Digital Media in Ontario
The Ontario Interactive Digital Media Tax Credit (OIDMTC) is a refundable tax credit that supports the development of interactive digital media in Ontario. The tax credit funds 40% of eligible labour, marketing, and distribution costs. The maximum contribution per project is $100,000 for marketing and distribution costs, but the labour contribution is uncapped. In order […]
South-Western Ontario Development Fund (SWODF) Funds Economic Development
The Southwestern Ontario Development Fund(SWODF) supports projects that create jobs, and encourages innovation and private sector investment by funding economic development activities in south-western Ontario. If you are planning to invest in new operations, improve competitiveness or productivity, and will be creating new jobs in south-western Ontario, you may be eligible for government funding that […]
Funding for SOFII Renewed
FedDev Ontario’s Minister of State Gary Goodyear announced that non-repayable top-up contributions will be renewed to enable the Southern Ontario Fund for Investment in Innovation (SOFII) to continue to invest in job creation and support for businesses in south-western and south-eastern Ontario. Projects supported through both SOFII West and SOFII East qualify for interest-bearing loans […]
Hiring Grants – Career Focus Program
The Career Focus program provides funding for organizations to create career-related work experiences for post-secondary graduates. Eligible companies can receive up to $20,000 per intern for a maximum timeframe of 25 weeks. Candidates that are eligible for this program must be: Between the ages of 15-30 Post-secondary graduates Canadian citizens, permanent residents, or persons who […]
New AMF Funding to Support Manufacturers
The Advanced Manufacturing Fund (AMF) is a $200 million program that is run through FedDev. The program aims to subsidize manufacturers in southern Ontario by investing between $10-20 million for eligible expenditures in the form of a repayable grant. AMF promotes continued long-term growth, productivity, and competitiveness of Ontario’s manufacturing sector by investing in innovative technologies […]
EODF Supports Expansion and Development Projects in Eastern Ontario
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, […]
NorthBridge Success Story: Ontario Manufacturer Qualifies for EMA Trade Show Funding
NorthBridge engaged a manufacturer located in the Region of Waterloo that was looking to exhibit at two international trade shows. The company was looking to increase their export sales in the United States and to identify sales leads in two new target markets. The company had applied for the SR&ED program but was unaware of […]
2014 Federal Budget – Employment and Job Creation
On February 11, 2014, the Minister of Finance, James M. Flaherty, tabled the Conservative government’s tenth federal budget. Flaherty chose to stay the course towards a balanced budget in 2015 and will rely on employment and job creation to drive economic growth. The measures introduced to foster employment include: The Canada First Research Excellence Fund, […]
Investing In Business Growth and Productivity (IBGP)
FedDev recently announced a new funding program called Investing in Business Growth and Productivity (IBGP). Funding will target projects that assist businesses to grow through market diversification and expanding facilities; or projects that increase adoption of new technologies and processes to improve productivity. Through a repayable contribution, companies can receive up to 25% of eligible […]
NODP Funding to support Manufacturing in Northern Ontario
The goal of the Northern Ontario Development Program (NODP) is to assist manufacturers to realize operational efficiencies, to grow sales, and to boost productivity while fostering new job creation. The program will provide coverage up to 30% of capital costs and up to 50% of non-capital costs to businesses with fewer than 500 employees. Eligible costs […]