How much funding can be received?

Funds up to 50% of admissible expenses, capped at $1500000 per project.

What is the deadline to apply?

The deadline to apply is 2024-02-08T23:59:59Z.

Southwestern Ontario Development Fund — Community economic development projects

Q: What are Southwestern Ontario Development Fund — Community economic development projects's eligibility criterias?

Businesses must have at least 3 years of operations/financial statements. Employ at least 10 people (or 5 if in rural Ontario). Commit to creating at least 5 new jobs or a 30% increase for companies with fewer than 15 employees.

grant_single|update February 27, 2025

ON, Canada

Grants for economic development in southwestern Ontario

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grant_single|openingDate December 7, 2023
grant_single|closingDate February 8, 2024

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Grant and Funding

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Government of Ontario

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Grants of up to $1.5 million for projects that focus on job creation and economic and business development in southwestern Ontario.

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The Southwestern Ontario Development Fund provides comprehensive financial support for business and community economic development projects to stimulate growth and job creation in southwestern Ontario. The funding modalities are designed to cater to the unique needs of each project type.

Business projects can receive up to 15% of eligible project costs through interest-free loans, up to a maximum of $5 million, with potential loan forgiveness of up to 30% if specific targets are met.
Grants for businesses are available in specific circumstances, such as up to $500,000 for companies with fewer than 100 employees in rural Ontario, or up to $1.5 million for strategic projects competing against other jurisdictions.
Community economic development projects can obtain up to 50% of eligible project costs with a maximum grant of $1.5 million.
Funding cannot be combined or "stacked" with other provincial programs.

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This grant supports community economic development initiatives focused on business and job growth. The eligible projects aim to stimulate regional economic development through strategic investments and initiatives.

Investments in community infrastructure to support economic growth.
Implementation of strategies to advance regional economic development priorities.

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$ 800,000

Community project to enhance digital infrastructure and broadband access

$ 800,000

Establishment of an eco-friendly packaging manufacturing facility

$ 600,000

A program for extensive skills development in advanced manufacturing techniques

$ 700,000

Expansion of a local food manufacturing facility to increase production capacity

$ 750,000

Upgrade of a technology incubator to support emerging tech startups

$ 550,000

Development of an innovation hub to support local startups and entrepreneurs

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The eligibility criteria for companies applying for this grant require specific operational and investment conditions.

The business must have at least 3 years of operations or provide 3 years of financial statements.
The business must employ at least 10 people, or 5 if located in rural Ontario.
The business must commit to creating at least 5 new jobs or achieving a 30% increase in jobs for companies with fewer than 15 employees.
The business must invest at least $500,000 in the project, or $200,000 if located in rural Ontario.
The business must be located in, or plan to relocate to, a community in southwestern Ontario.

grant_eligibility_criteria|who_can_apply

Existing businesses, municipalities, economic development organizations, and not-for-profit organizations located in southwestern Ontario are eligible to apply. Business projects must have at least 3 years of operations, employ a minimum number of employees, commit to job creation, and meet specific investment criteria. Community economic development projects must focus on economic and business development, job creation, involve infrastructure investments, and lead to measurable outcomes.

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This grant program does not support certain types of companies and industries. These restrictions ensure the funds are reserved for projects that align with regional development priorities and offer substantial economic benefits.

Ongoing operations such as maintenance and capital replacement.
Refinancing of existing business operations.
Acquisitions and buyouts.
Restructuring or relocating to other jurisdictions within Ontario.
Primary production.
Retail businesses.
Construction, particularly residential development.
Personal services.
Consulting.
Electricity generation.
Waste management or recycling.
Information and communication services.
Academic research.
Stand-alone restaurants and hotels, unless they are transformative and considered a regional priority.

grant_eligibility_criteria|eligible_expenses

The Southwestern Ontario Development Fund aims to stimulate regional economic growth by supporting business expansion and community economic development initiatives. Eligible projects are those that contribute to business growth, job creation, and regional development across southwestern Ontario.

Business growth projects that involve significant investment and the creation of new jobs.
Projects focusing on improving business productivity through innovation and skills development.
Initiatives aimed at accessing new markets to enhance business competitiveness.
Community economic development projects led by municipalities or economic development organizations.
Projects that involve economic infrastructure investment to drive regional priorities and job creation.

grant_eligibility_criteria|zone

This grant is available to entities based in specific geographic areas within Southwestern Ontario. These locations are chosen to stimulate regional economic development initiatives effectively.

Brant
Bruce
Chatham-Kent
Dufferin
Elgin
Essex
Grey
Haldimand
Huron
Lambton
Middlesex
Niagara
Norfolk
Oxford
Perth
Simcoe
Waterloo
Wellington

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The evaluation and selection of projects for this grant are based on their alignment with the fund’s goals, economic benefits, and achievability.

Alignment with the fund’s objectives of investment attraction and job creation in the regions.
Economic benefits offered by the project, including job creation and contribution to the region or sector development.
Achievability of the project, including the applicant's financing, project management structure, and experience.

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Additional relevant information worth knowing by the grant applicant includes funding restrictions, reporting requirements, and support services.

Applicants are not allowed to combine Southwestern Ontario Development funding with other provincial programs.
Successful projects are required to work with a regional advisor to complete the application and ensure the application meets all necessary criteria and guidelines.
Applicants may be eligible for other assistance related to advisory services, assistance with environmental compliance approvals, assistance in accessing skills and talent, and information related to available tax credits.
There are four application intake periods per year, and decisions are usually communicated within approximately 60 business days of the application deadline.
The application process requires prior consultation with a regional advisor, and registration on TPON (Transfer Payment Ontario) is mandatory for grant applications.
Complementary services and supports are available once a complete application is submitted through the Regional Development Program, regardless of the funding outcome.