Still reeling from the recent closure of the Heinz plant, the people of Leamington, Ontario received good news in the form of a funding announcement from the federal government. Investments of up to $200,000 to the Windsor-Essex Economic Development Corporation will support existing food processing businesses while attracting new investment to the region.
The investment will help maintain an estimated 750 full-time jobs in the sector. The funding contribution was announced today the Minister of State for FedDev Ontario, Gary Goodyear, along with two local members of parliament from Leamington, Ontario on November 13, 2014.
Investing in Regional Diversification Initiative Supports Southern Ontario Economy
FedDev Ontario’s contribution is the first under the Investing in Regional Diversification initiative, which is aimed at attracting businesses, investments and jobs to southern Ontario’s communities.
- Amount: Grant for up to 50% of eligible costs to a maximum of $20 million.
- Timeline: Open now; Continuous intake.
- Eligibility: Non-profit in Southern Ontario whose mandate includes economic development.
- Projects: Diversification of regional economy; Capacity building activities; Business infrastructure initiatives.
Funding Available to Support Businesses and Not-for-Profit Organizations
Whether you are a business looking to overcome financial obstacles to growth, or a not-for-profit organization looking to bring economic development and job creation to your Southern Ontario community, FedDev Ontario has funding programs available to help.
Since being established in 2009, FedDev Ontario has invested over $1.2 billion which has resulted in partnerships with more than 5,300 organizations and $1.5+ billion in additional leveraged investments from mostly non-government sources to support for profit businesses, organizations and communities of Southern Ontario.
Attend a Free Canadian Government Funding Workshop or Webinar to Learn More about Funding Opportunities for Your Organization
Whether you are located in Southern Ontario, the Greater Toronto Area, Eastern Ontario, or from any community across Canada Mentor Works offers free Informational Webinars on Government Funding to educate business owners and community leaders about government grants and loans.