Southwestern/Eastern Ontario Development Fund (SWODF/EODF)
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Description
The Southwestern Ontario Development Fund (SWODF) and the Eastern Ontario Development Fund (EODF) are business expansion funding programs that incentivize companies to invest in new facilities and equipment. The programs attract SME and large-scale projects that have a significant impact on business productivity and create new employment opportunities within a company. Through the programs, successful applicants will receive grants or a combination of grants and repayable funding (government loans) to offset project costs.
How to apply
• To learn more on how you could apply, visit: https://www.ontario.ca/page/southwestern-ontario-development-fund#section-6
Amount
- Receive up to 15% of project expenses to a maximum of $500,000-$5,000,000.
Eligibility
- Eligibility: Applicants must have been established for at least 3 years, have 10 or more full-time employees (5 FTE in rural communities), commit to creating at least 5 new jobs, and be located in southwestern/eastern Ontario.