CME Smart Program Funds 50% of Your Productivity Enhancements
The content in this blog article is out-of-date and references an older iteration of the CME SMART Prosperity Now program called CME Smart. For a more current overview of the CME SMART PRosperity Now capital equipment grant, please refer to our CME SMART Prosperity Now Page.
Southern Ontario businesses looking to improve their operational efficiency will want to take a close look at the Canadian Manufacturers & Exporters (CME) Smart Program. This program was designed to assist companies in Southern Ontario who are looking to increase their productivity or reduce their waste.
Interested companies must be incorporated for at least 2 years. They must also have between 10 and 500 employees and carry out manufacturing practices based in Canada.
Preferred projects objectives:
- Productivity Improvement
- Quality Improvement
- Energy Efficiency
- Environmental Impact Reduction; or
- Information Technology Best Practices
This program covers 50% of eligible project costs, up to a maximum of $50,000. Eligible costs include direct labour, capital equipment, installation, consulting, training, benchmarking, and administration expenses.
The CME Smart Program releases funds in lump sums throughout the year. The next round of funding should be released in the next couple of months (if not sooner), so we strongly encourage potential applicants to start the process as soon as possible.
If you are interested in leveraging this government funding mechanism to fuel your company’s operational efficiency, Mentor Works offers comprehensive grant writing and consultation services to provide you with the best chance of receiving a portion of the funding when it releases. Please fill out our contact form today to begin.