Linking Government Grants to SR&ED: Business Expansion
In order to sustain a thriving economy, the government of Canada continually invests in business growth and expansion through various direct and indirect sources of funding. Over the past five years approximately 35% of Canadian gross domestic expenditure on R&D was financed by both direct and indirect government funding initiatives. Although the majority of financing […]
Funding to Support Economic Development in Eastern Ontario
In rural-based communities in eastern Ontario, aboriginal-based organizations, non-profit organizations, and legal commercial enterprises can receive up to $100,000 per annum, or a maximum of 50% eligible expenditures, from the Eastern Ontario Development Program (EODP) to create new businesses or expand existing businesses as well as foster community-based initiatives for local community growth. Several expenditures […]
IBGP: Investing in Business Growth and Productivity
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 […]
SWODF Supports Expansion Projects in Southwestern Ontario
Southwestern Ontario companies that are looking to invest in an expansion project at their facility should consider the Southwestern Ontario Development Fund (SWODF). The focus of the program is to support job creation, innovation, and economic development in Southwestern Ontario. The SWODF will fund up to 15% of eligible project costs to a maximum of […]
Funding to Support Expansion Projects in Eastern Ontario
Companies located in Eastern Ontario that are looking to invest in a facility expansion project should consider the Eastern Ontario Development Fund (EODF). This funding program supports investment in Eastern Ontario, new innovation, and the creation of new jobs. EODF will provide non-repayable funding for up to 15% of eligible project costs, to a maximum […]
Ontario Food Processor Qualifies for Facility Expansion Funding
NorthBridge engaged an Ontario food processor that was looking to invest in a multi-million dollar facility expansion. The project included the construction of new warehouse space, the purchase of new equipment, and the hiring of new employees. The purpose of the expansion project was to increase capacity in order to meet the growing demand of […]
IBGP Supports Economic Growth and Job Creation in Southern Ontario
Small to medium-sized enterprises (SMEs) in Southern Ontario that have 15 to 1,000 employees and are looking to expand their markets and facilities, improve productivity, or increase business capacity globally should consider taking advantage of the Investing in Business Growth and Productivity (IBGP) loan program, administered by FedDev Ontario. IBGP offers a repayable contribution to […]
Alternative Financing Seminar: A Great Success
Our Alternative Financing Seminar took place September 18 in Cambridge, ON at the Four Points by Sheraton. The seminar was a great success with many in attendance eager to learn more about alternative financing for their small to medium sized business. Topics that were covered in the seminar included: Government funding and financing for business […]
Upcoming Seminar: Alternative Financing Options for Small-To-Medium Sized Businesses
Is an investment in capital equipment, building expansion, workforce development, or innovation part of your expansion strategy? If so, then there are a multitude of government funding and private sector financing options that we recommend you explore. The purpose of this free seminar is to inform small to medium enterprises about the multitude of funding […]
Linking Government Grants to SR&ED: Business Expansion
The Canadian government spends approximately 24% of GDP on direct and indirect funding programs for businesses. Of that 24%, about 21% is available for indirect funding and 3% is available for direct funding. The indirect funding category is comprised of tax credit programs, while the direct funding category is comprised of repayable and non-repayable grants. […]