Southwestern Ontario Development Fund - Business Stream

This program provides economic development support for businesses located in Southwestern Ontario.
  • Ontario Ministry of Economic Development, Employment and Infrastructure
Overview of the Southwestern Ontario Development Fund - Business Stream program:

Funding under this program supports projects that will create jobs, innovation as well as attract private sector investment in Southwestern Ontario.

Benefits of the Southwestern Ontario Development Fund - Business Stream program:
  • Investments to:
  • Grow their businesses
  • Improve productivity
  • Invest in innovation and skills development
  • Pursue new markets
  • Generate broad positive regional economic impact
  • Create new good, sustainable jobs
  • A project is a distinct undertaking, separate from ongoing operations, that will result in benefits to the organization such as business growth or access to new markets.
  • The types of support available include:
  • Funding support
  • Complementary services and support
Eligibility criteria of the Southwestern Ontario Development Fund - Business Stream program:
  • The fund supports business and community economic development projects.
  • Business projects
  • To be eligible, businesses need to:
  • Have at least 3 years of operations/financial statements
  • Employ at least 10 people (or 5 if you are in rural Ontario)
  • Commit to creating at least 5 new jobs (or 30% increase for companies with fewer than 15 employees)
  • Invest at least $500,000 in their project (or $200,000 if you are in rural Ontario)
  • Be located in, or plan to locate in, a community in southwestern Ontario
  • Community economic development projects
  • To be eligible, projects need to:
  • Be led by municipalities, economic development organizations or sector organizations
  • Focus on economic and business development and job creation in the community or region by investing in infrastructure or implementing strategies to advance regional economic development priorities
  • Lead to measurable outcomes including private sector investment, growth and job creation
  • Invest more than $100,000
  • Have private sector support
  • Be used for activities that are new to the organization
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