INVEST North Program - Investment – Locate Stream

Overview of the INVEST North Program - Investment – Locate Stream program:

The Locate stream represents a strategic initiative tailored to address the unique economic development needs of Northern Ontario. This specialized program is meticulously designed to provide comprehensive support to businesses seeking to establish new operations in the region. Northern Ontario, with its vast geographical expanse and abundant resources, presents a wealth of opportunities for entrepreneurs and enterprises looking to expand their horizons. The primary objective of the Locate stream is to serve as a catalyst for economic growth and diversification in the northern part of the province. It accomplishes this by offering a wide array of resources, incentives, and guidance to potential investors and businesses considering Northern Ontario as their next destination. This tailored support is instrumental in facilitating the relocation and establishment of new business operations in the region.

Benefits of the INVEST North Program - Investment – Locate Stream program:

• What Projects are Eligible?
• Eligible projects, activities and associated costs include, but are not limited to:
• Capital construction
• Leasehold improvements
• New or used equipment including capital leases
• Land servicing costs
• Information & communications technology (ICT) investments
• Marketing for new products and business initiatives (limited to a maximum of 20% of all other eligible project costs, or $75,000, whichever is less)
• Training costs incurred with third parties (limited to a maximum of 20% of all other eligible project costs)

Eligibility criteria of the INVEST North Program - Investment – Locate Stream program:

• Who is Eligible?
• Businesses locating new business operations to Northern Ontario.