bigstock-Successful-business-woman-lead-43264660Are you looking to start your own business in Northern Ontario? The Northern Ontario Heritage Fund Corporation (NOHFC) has announced a new funding program aimed at supporting the growth and development of the Northern Ontario economy. The Small Business Start-up Projects program provides Ontario small business grants to cover the capital costs associated with starting a new business.

Business Grants in Ontario for Start-up Projects –Project Eligibility

NOHFC is interested in start-up projects that fit with one of the following priority areas:

  • Advanced manufacturing
  • Agriculture, aquaculture and food processing
  • Arts, culture and creative industries
  • Digital economy
  • Forestry and value-added forestry-related industries
  • Health sciences
  • Minerals sector and mining supply and services
  • Renewable energy and services
  • Tourism
  • Transportation, aviation and aerospace
  • Water technologies and services

NOHFC Small Business Grants Ontario: Ineligible Projects

Projects that are not eligible include: retail and consumer service businesses and business activities that primarily earn revenue through providing products and services online.

NOHFC Grants for Small Business Ontario: Eligible Expenses

Although this business grants Ontario program will not cover the every day costs of doing business, it will provide substantial support for capital costs – an essential need when starting a new business. Costs covered include: leasehold improvements, equipment costs, third party training costs, information and communication technology services – including software, and marketing costs.

Government Grants for Small Business Ontario: Funding Amount

Funding through the Small Business Grants Start-up Projects Program will provide applicants with a conditional contribution covering up to 50% of their project costs to a maximum of $200,000. It is expected that applicants will contribute a minimum of 15% of the costs for the project. To be eligible for the government funding program, the entrepreneur must be employed full-time by the business and be able to demonstrate the economic benefits of the business to Northern Ontario, particularly with respect to job creation.

Program-OverviewEligibility-Criteria

Small Business Grants and Loans for Established Businesses

Looking to learn more about Ontario business grants and loans programs offered through NOHFC?    Sign up for Mentor Works’ small business grants and loans weekly e-newsletter.   You can also follow us on LinkedInTwitterFacebookGoogle+, and Tumblr.

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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.

  • Geoff

    Hi Ryan

    Interested in more details on the Business startup finanace.

    I am setting up a cleaning chemical manufacturing, from washing detergent to household and commercial cleaners.

    Would I fit into the funding.

    Yours Truly

    Geoff

    • Hello Geoff,
      Thank you for visiting our blog. From the brief explanation I see no reason why you wouldn’t qualify for funding.

      I am going to follow up with you via email Monday to give you a little more information.

      Have a great weekend~

  • Michaela

    Hi Ryan,
    I’m interested in more details on the Business startup finance.
    I’m running my small bakery/catering restaurant from 2 months;
    I want to expand;

    Plse let me know,
    rgds
    Michaela

    • Hello Michaela,
      Thank you for visiting our blog.

      I am sending you an email to follow up. Best of luck to you~

  • Gabrielle

    Hi Ryan,
    I am starting up a small business in Northern Ontario primarily focusing on healthy organic/gluten eating, juicing for health and fighting illness, education/seminars and getting into the public sectors/schools/hospitals/etc. My vision is to change the lifestyle of our community…We are expanding into a new community. Do you know if I would qualify for any funding for startup costs? Any information would be greatly appreciated! Thank you!