NOHC-Investment Grow Stream

Overview of the NOHC-Investment Grow Stream program:

The Investment – Grow Stream program, offered by the Northern Ontario Heritage Fund Corporation (NOHFC), is designed to support the growth and expansion of businesses in Northern Ontario. This program provides financial assistance to help businesses scale up, increase productivity, and create jobs, thereby contributing to the economic development of the region.

Eligibility criteria of the NOHC-Investment Grow Stream program:

• Factors that will be considered during evaluation of applications will include but not limited to:
• Job creation
• Level of investment from other sources to be secured by the applicant
• Strength of the applicants detailed business plan
• Does not unreasonably impact existing Northern Ontario businesses
• Net economic benefits for Northern Ontario
• Other business activities that, in the opinion of the NOHFC Board of Directors, will result in an economic development advantage for Northern Ontario may be considered.
• 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)