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Southern Ontario Development Program - Food and Beverage Processing

The federal government has just announced a new $20-million investment for Ontario's food and beverage processing sector under the Southern Ontario Development Program (SODP). The federal funds will support projects submitted by small and medium-sized businesses involved in the manufacturing and processing of food and beverages.

This program will help existing food and beverage businesses with a proven track record that are looking to expand, modernize, innovate, and/or improve their competitiveness.

Preference and priority will be given to companies with less than 1000 employees with facilities in communities with less than 500,000 population.

Eligible projects will result in increased competitiveness, growth and productivity. They would include those that expand capacity, improve technology or equipment, provide access to new markets, develop new products or services, and/or promote the commercialization of innovations.

Applications for this funding, which is targeted at food and beverage processors, will be accepted starting today. FedDev Ontario will favour projects that can be started quickly and completed by March 31, 2010. Applications will be assessed based on merit and against SODP criteria, adjusted for this specific application window, and will be reviewed as they are received by the Agency.