On December 6th the Minister of State for the Federal Economic Development Agency for Southern Ontario (FedDev), Gary Goodyear and Mark Adler, MP for York Centre were at the Innovation 2103 Conference to announce the launch of the Southern Ontario Prosperity Initiatives (SOPIs). The aim of this new assemblage of funding programs is to promote the building of a stronger southern Ontario economy.
FedDev Continues to Dole Out the $920 Million Committed to Funding the Fed’s Action Plan
The Federal Government of Canada’s business funding arm for southern Ontario, FedDev was created in 2009 to support the regional economy by helping to create opportunities for jobs and economic growth. Action plan 2013 provides $920 million over five years, beginning on April 1st, 2014.
Southern Ontario Prosperity Initiatives to Promote Southern Ontario Growth
The Southern Ontario Prosperity Initiatives (SOPIs) is the next phase of Ontario business grants and loans programs aimed at supporting innovative businesses while building stronger communities within the southern Ontario region.
The Southern Ontario Prosperity Initiatives: Business Grants & Loans for 2014
The following 4 programs round out the suite of business grants and loans offered through FedDev:
- Investing in Business Innovation
- Investing in Business Growth and Productivity
- Investing in Commercialization Partnerships
- Investing in Regional Diversification
These funding initiatives amount to over $530 million in Canadian government funding that will help to grow and strengthen the southern Ontario region’s global competitiveness.
Connect with Mentor Works to Stay on Top of Ontario Small Business Grants and Loans Opportunities
In order to learn the latest about a wide gamut of Canadian and Ontario small business grants and loans available to your business including the Advanced Manufacturing Fund, please subscribe to Mentor Works Business Grants and Loans Weekly E-newsletter. You can also follow us on your favorite social media network, including Twitter and LinkedIn. If your business has more than 15 employees, has been incorporated for more than 2 years, and is invested in manufacturing and/or R&D in Canada you are invited to sign up for an exclusive Canadian government funding workshop.