Eastern Ontario Development Program (EODP) Awards $100k in Grants to Pan-Oston Ltd.
Ontario manufacturer, Pan-Oston Ltd., has been awarded up to $100,000 in Ontario small business grants to create new jobs at its facility in Peterborough. The Government of Ontario’s investment will also allow the business to generate a network of manufacturers to attract new clients to the region area by highlighting the variety of available products and services.
The Eastern Ontario Development Program covers up to 100% of project costs to a maximum $100,000 in Ontario government grants. Ontario government funding can be used to support facility expansion investments, capital equipment costs, workforce skills development, and productivity enhancements. All EODP funded projects must promote the growth of businesses within rural eastern Ontario communities.
Upon the project’s completion, Pan-Oston Ltd. will generate and sustain a total of 35 full-time jobs, create a local network of manufacturers, increase company capabilities, and attract new consumer investments.
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Eastern Ontario Development Program Helps Pan-Oston Ltd. Create 35 New Manufacturing Jobs
Pan-Oston Ltd. manufacturers a range of retail fixtures, such as displays, counters, lighting, and office furniture. The company was established in 1962, has a total of 95 employees, and is headquartered in Peterborough, Ontario.
FedDev’s Eastern Ontario Development Program has awarded the company $100,000 in Ontario small business grants to expand its workforce by investing in skilled labourers. In addition, Pan-Oston’s executives plan to use the funding to create a network of local manufacturers to promote the region’s products and services. By doing so, the company will boost its production capabilities and market competitiveness.
This expansion project will allow Pan-Oston Ltd. to create 35 new full-time positions at its facility in Peterborough, Ontario. The company’s innovative product bundle approach will help create strategic partnerships, increase business competitiveness, and boost sales revenues.
Related Post: The Eastern Ontario Development Fund Supports Belleville Manufacturer
Eastern Ontario Development Program Small Business Grants
The Eastern Ontario Development Program provides government grants to support business growth and development in rural eastern Ontario. The program supports business development, community innovation, and collaborative economoic development projects that lead to improved productivity and the creation of sustainable jobs. Ontario government funding can be used to help businesses invest in new capital equipment, expand their workforce, and improve operational efficiency.
EODP may provide program participants with up to 100% coverage of project expenses to a maximum $100,000 in Ontario government funding.
How to Apply for EODP Grants
To get started, businesses and non-profits in rural eastern Ontario must submit a comprehensive business plan to the program. Once reviewed, an EODP representative will contact you to discuss project details and objectives. Eligible candidates will be invited to complete an application package, which includes financial statements, monthly forecasts, and letters of support from regional stakeholders. The program offers a continuous intake and businesses may apply at any time.
Contact Mentor Works to determine whether your business is eligible to apply for EODP grants and receive support completing your company’s application process.
Learn More About the Eastern Ontario Development Funding
Recent Eastern Ontario Funding News:
- New Intake in Response to COVID-19: SWODF/EODF Funding Streams
- New Deadline March 4, 2021: SWODF/EODF Business Stream
- Next Intake Open October 19, 2020: SWODF/EODF Community Economic Development Stream
- Eastern Ontario Development Fund (EODF): Business Investment Grants
- Ontario Provincial Election 2018: Impacts on Business and Funding