FedDev Ontario — Economic Development Initiative (Southern Ontario) — Not-For-Profit

The Economic Development Initiative (EDI) provides up to $500,000 per year in project funding to support economic diversification, business development, innovation, partnerships, and increased support for small- and medium-sized enterprises in Francophone communities across southern Ontario. This funding is aimed at strengthening the Francophone communities' economic base and enhancing their competitiveness.

The Economic Development Initiative (EDI) is a significant part of Canada's Action Plan for Official Languages 2023-2028: Protection-Promotion-Collaboration. This strategic plan showcases the Government of Canada’s commitment to fostering and developing official language minority communities. Administered by the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), this initiative plays a critical role in driving economic growth and creating opportunities for Francophone communities in Southern Ontario. ### Objectives of the Economic Development Initiative (EDI) The primary objectives of EDI are to: 1. Encourage economic diversification in Francophone communities. 2. Foster business development and innovation. 3. Cultivate strategic partnerships. 4. Enhance support for small- and medium-sized enterprises (SMEs) in the Francophone community. To accomplish these goals, the initiative provides up to $800,000 annually to relevant projects. These projects are specifically tailored to address the unique economic challenges faced by Francophone communities and leverage their strengths to facilitate regional growth. ### Who Can Apply? Eligible applicants for the EDI funding are incorporated Francophone or bilingual not-for-profit organizations located in southern Ontario. These organizations should provide programs or services in French to Francophone communities. Examples of eligible applicants include: - Community and economic development organizations - Not-for-profit organizations and associations - Post-secondary institutions that offer full-time programs in French ### Types of Eligible Projects EDI focuses on projects that are designed to expand services and products beyond the organization’s regular operations or already funded activities. The initiative supports three main categories of projects: 1. **Economic Development and Diversification:** - These projects cater to the specific needs of Francophone communities. - They may include region-specific growth strategies and programs targeting women, youth, clean technology, social economy (like early childhood development and newcomer integration), and tourism. 2. **Business and Economic Development:** - Projects under this category aim to foster the economic growth of industry sectors such as manufacturing and information technology. - Activities could include increasing business management capacity, reskilling or training workers, and adopting digital technologies. 3. **Strategic Community Economic Planning:** - These projects enhance the economic base and competitiveness of Francophone communities and SMEs. - They often involve comprehensive planning and strategy implementation to ensure long-term economic benefits. ### Funding Details Eligible not-for-profit organizations can apply for a non-repayable contribution of up to $500,000 per year in project funding. Contributions towards eligible project costs are shared between FedDev Ontario and the applicant, with the government agency covering a maximum of 70% and the applicant providing a minimum of 30%. It's important to note that the applicant's portion can be composed of cash and in-kind contributions from the organization itself or other project partners, such as industry partners or additional government funding. Moreover, total government assistance (including federal, provincial, and municipal contributions) must not exceed 100% of the total eligible costs. Projects involving further distribution of funds to SMEs are subject to additional funding parameters. ### Application Process Interested organizations should contact a bilingual officer at FedDev Ontario by email (edi-ide@feddevontario.gc.ca) or by phone (1-866-593-5505) to receive more information and an application form. ### Strategic Importance of the EDI The significance of the Economic Development Initiative cannot be overstated. By focusing on marginalized and minority Francophone communities, the initiative ensures that these communities are not left behind in the rapidly evolving economic landscape. Here's why the EDI holds strategic importance: 1. **Economic Diversification and Innovation:** - The initiative promotes the diversification of the local economy, moving away from reliance on a few traditional industries to a broad spectrum of growth sectors. - Encouraging innovation helps local businesses stay competitive and opens up new markets. 2. **Support for SMEs:** - SMEs form the backbone of many economies, and this initiative provides them with the necessary support to thrive. - From reskilling workers to adopting new technologies, the EDI helps SMEs adapt to changing economic conditions. 3. **Addressing Economic Disparities:** - Francophone communities in Southern Ontario may face unique economic challenges. The EDI helps these communities overcome barriers, fostering inclusive economic growth. 4. **Empowering Vulnerable Groups:** - By giving priority to projects that focus on women, youth, and clean technology, the EDI ensures that vulnerable groups within the Francophone community are empowered and included in economic growth strategies. ### Conclusion The Economic Development Initiative is an essential tool for fostering economic growth and resilience in Francophone communities across Southern Ontario. By focusing on diversification, innovation, business development, and strategic planning, the EDI helps these communities overcome economic challenges and leverage their unique strengths. Eligible organizations in Southern Ontario can benefit from significant financial support for projects that meet specific criteria. This support helps them scale their operations, innovate, and ultimately enhance the economic base and competitiveness of Francophone communities. For more information and to apply, interested organizations should contact FedDev Ontario’s bilingual officers. This initiative not only represents an investment in the economic future of Francophone communities but also reinforces Canada's commitment to supporting its official languages. In summary, the Economic Development Initiative is both a lifeline and a catalyst for growth, providing Francophone communities with the resources and support they need to thrive in a competitive economic landscape.