The Eastern Ontario Development Fund supports regional economic development by creating jobs, attracting private sector investment and promoting innovation, collaboration, and cluster development in Eastern Ontario.
Loans of up to 15% funding to a maximum of $5M, interest free during the project period (up to 4 years). If you achieve your investment and job targets, up to 30% of the loan (to a maximum of $500,000) may be forgiven. Grants are available only for specific circumstances, up to 15% to a maximum:
Eligible projects involve investment in existing operations to improve competitiveness, productivity and pursue new markets or business expansions involving the introduction of new products or services, e.g., infrastructure, project facility modifications/upgrades, equipment and machinery, one time internal labour, one time material, specialized expertise, skills training, project-related permits or fees.
Eligible businesses meet the following criteria:
Find out more about the services we offer, what options are a good fit for your business, and where to begin on your funding journey.
