Eastern Ontario Development Fund (EODF)
What is it?
The Eastern Ontario Economic Development Fund is designed to help businesses create new jobs, and invest in new technologies, equipment or skills training for workers. It will also support economic development projects that will attract or retain investment in Ontario-based industries and communities.
Individual businesses - Your projects can qualify under the Business Stream. The criteria are:
What is the benefit to your company?
Individual businesses can receive up to fifteen per cent (15%) of total eligible expenditures to a maximum grant of $1.5 million.
Also, up to 35% of total project costs may come from other public sector funding sources.
Examples of eligible items:
What is the other stream?
Economic development offices, business associations and non-government organizations (NGO's) can apply under the Regional/Sectoral Stream.
Projects must be valued at $100,000 or more.
Fifty per cent (50%) of the project cost could be reimbursed to a maximum grant of $1.5 million.
Regional/Sectoral Stream Criteria:
How do I apply?
Applications for both streams are accepted on a continuous intake basis.
You will be notified when EODF receives your complete application and within 60 days of confirmation you will know if your project has been accepted for funding.
Where can I find more information?