Advanced manufacturer, Triangle Fluid Controls, has been awarded up to $186,000 in small business grants to expand production capacity. The investment will help the company build a 12,600 sq. ft. extension onto its existing facility, as well as purchase new production and laboratory testing equipment. These upgrades will help the company boost product quality to…
Ontario’s economy is expected to achieve a 3% growth in GDP based on the province’s performance this year. Previous growth projections expected a 2.6% increase to the province’s GDP, however favourable conditions enabled businesses to increase their competitiveness and drive sales, both domestically and internationally. This is just one of the many trends identified in…
Eastern Ontario government funding is supporting the expansion of four growing businesses. The selected manufacturers will create a total of 76 new jobs, while retaining an additional 137 for the region among other key benefits of their projects. On October 13, 2016, Premiere Kathleen Wynne announced that the Eastern Ontario Development Fund (EODF) will invest…
BioAmber Inc. is a Montreal-based manufacturer of renewable biochemicals including bio-succinic acid, a building block chemical made from corn syrup. The company uses naturally-occurring sugars found in plant matter and transforms them into clean, green chemicals. Some of the products made from biochemical compounds include food flavour and additives, personal care products, adhesives, paints, and…
Attracting investments are a key component of any government funding program, and are especially a focus within the Province of Ontario. The Ontario government leverages Ontario government grants to support businesses’ strategic priorities, such as making capital investments, and for good reason: attracting investment is a long-term strategy that helps competitive, innovative businesses grow domestically….
The Government of Ontario has dedicated up to $1,000,000 in Ontario government grants to aid the City of Peterborough. This Ontario government funding will be part of the $4,153,700 airport expansion project, which will invest in infrastructure, facility upgrades, and facility expansions for Peterborough Airport. This Ontario government grant investment aims to strengthen the aerospace…
A growing number of local firms in Eastern Ontario are receiving funding (small businesses in Ottawa, Kingston and Belleville just to name a few). These small businesses are accessing programs like The Eastern Ontario Development Fund to help create jobs and successfully grow their businesses. The approximately $2 million investment will help these local businesses create…
What is the Eastern Ontario Development Fund Program? The Eastern Ontario Development Fund is a four year, $80 million dollar fund aimed at helping to develop a more diversified and competitive regional economy. The fund is designed to help businesses create jobs, and invest in new technologies and innovation, equipment or skills for training of…
CAMBRIDGE, ONTARIO – (Marketwire – Nov 14, 2012) The Ministry of Economic Development & Innovation (MEDI) has released two new Ontario government grants & loans programs: (1) the Southwestern Ontario Development Fund and (2) the Eastern Ontario Development Fund. The goal of these funding programs are to provide financial assistance and incentives to promote regional…
Recently, the Attracting Investment and Creating Jobs Act was passed. This Act has made the Eastern Ontario Development Fund (EODF) permanent and has created the Southwestern Ontario Development Fund (SWODF). These regional development funds for southwestern and eastern Ontario will soon be open and accepting proposals to help support local companies and help generate local…