Business ConsultationThe Northern Ontario Heritage Fund Corporation (NOHFC) has recently established a funding program called The Infrastructure and Community Development Program (ICDP) for Northern Ontario communities and businesses.

NOHFC Ontario Small Business Grants and Loans Details

With the help of Government grants Ontario and small business loans Ontario ICDP provides support for projects that have the potential to create jobs, attract economic development opportunities and promote prosperity within those communities. Ontario government grants and small business loans Ontario support under this initiative can be either conditional contributions, forgivable performance based loans, or repayable loans.

Ontario Government Funding for Infrastructure Projects

The Ontario government funding received from the Infrastructure and Community Development Program (ICDP) can be used towards a variety of infrastructure projects that would improve the economic health of the community. These may include:

  • New buildings or community facilities
  • Road development (winter road projects)
  • Industrial parks
  • Waterfront development or potential tourist attractions

Eligible infrastructure projects are primarily based on their abilities to promote job creation and provide new economic benefits to the community. The proportion of infrastructure project funding will generally not exceed $1 million or 50% of the project costs.

Ontario Government Funding for Community Development Projects

Community development projects should also be focused on creating jobs and economic benefits for the community. Projects will receive up to $50,000 or 50% of the activity costs.  These may include but are not limited to:

  • Sectoral research projects
  • Small capital projects
  • Community development opportunity events (Business or Job Fairs)

Ontario Government Grants and Loans Additional Information

Any businesses, government related agencies, not-for-profits, or educational institutes that operate in these communities may apply for project funding. Applicants will be responsible for providing a viable business plan for their proposed project. To be eligible for government funding Ontario projects must fit the overall goals of the NOHFC.

Get-StartedProgram-Overview

Small Business Grants Ontario and Small Business Loans Service & Support

For additional information on Canadian government funding programs to help your small or medium-sized business grow please contact a Canadian government funding expert.  You can also reach out to us via social media: Google+, LinkedIn, Twitter, and Facebook.  And please sign up for our Canadian government funding weekly E-newsletter for all of the latest on Canadian small business grants and small business loans Ontario.

Share with friends   

Written by

Ryan has a BA in economics, an MSc in management, and several published works including two books. As Marketing Analyst at Mentor Works, Ryan enjoys communicating with business owners & executives about government grants and funding available to help overcome obstacles to growth.