Local food producers in Ontario are receiving backup by the Ontario Government. A funding initiative called The Ontario Market Investment Fund (OMIF) seeks to promote consumer awareness of local food, encouraging consumers to buy locally. Who is eligible? The funding initiative covers companies along the Ontario food supply chain, as well as organizations that focus…
Please Note: Many of the programs listed in this article have closed since the blog’s original posting. To explore Canadian government funding programs currently available, please browse our small business funding directory. Operations managers of energy companies are constantly looking for ways to reduce costs and maximize operational efficiencies within their companies. The following seven…
Are you looking for help financing your business, but having difficulty covering the expenses through conventional financing channels? There are several regional funding resources at your disposal to aid your business. These development programs aim to help businesses and create jobs to help the local economy. We, here at Mentor Works, have outlined a few…
Do you need help financing new business initiatives? Governmental tax credits can help your company grow, while keeping your debt-to-equity ratio under control. Mentor Works has compiled a few great tax credit programs that can help your business thrive: Apprenticeship Employer Signing Bonus This is a great tax credit to help you expand your human…
The technology sector is advancing at blazing speeds. It is becoming increasingly difficult to stay competitive with the increasing amount of innovations, especially for small businesses. Ontario businesses are being offered an opportunity to shave off some human resource expenses with the Ontario Centres of Excellence’s First Job program. Similar programs with funding available include…
If you are an information technology company looking to expand your human capital, the Information and Communications Technology Council’s (ICTC) Career Focus Program can help. What is it? The Career Focus Program was created to encourage the hiring of recent IT graduates by providing the employing company with a wage subsidy. The subsidy covers 1/3…
The CME have released an update on available funding for 2011 – the Provincial Government of Ontario has decided not to recapitalize funding of the program in 2011 after the $4.2M that was awarded in February 2011. The dedicated funds will instead be utilized to eliminate deficit and bolster healthcare and education. It is not…
The Government of Ontario is providing funding to technology companies in the province to help grow economically sustainable companies and creating high-value jobs. Technology companies and entrepreneurs should consider this funding as a great opportunity to grow their business without increasing their debt. What is the IAF? Provided by MaRS, the IAF is a government…
The downturn of the economy has wreaked havoc on many small businesses’ cash budgets. Technology companies that invest in research and development of new innovations are finding it harder to bring their advancements to market due to these financial constraints. Fortunately, The Ontario Ministry of Research and Innovation has created the Innovation Demonstration Fund (IDF)…
How to Benefit from the Ontario Interactive Digital Media Tax Credit (OIDMTC) If you are an Ontario business that developed interactive digital media products, the OIDMTC can assist you with labour, marketing and distribution expenditures. Is My Company Eligible? Canadian companies that develop eligible products at a permanent Ontario establishment and file an Ontario tax…