EODF Business Stream

The primary focus of Eastern Ontario Development Fund (EODF) Business Stream is to provide financial support to Canadian SMEs looking to expand their operations and create jobs for communities in Eastern Ontario. Funding is suited to accommodate projects that will involve investing in new capital equipment, improving existing operations and processes, and pursuing new market opportunities.

  • AmountPerformance Based Loan: Up to 15% of eligible project expenses to a maximum of $5 million. Conditional Grant: Up to 15% of eligible project expenses to a maximum of $500,000 for small and rural companies (less than 100 full-time employees (FTEs) in a municipality with less than 100,000 population).
  • Timeline: Application Period One: December 2, 2019 – January 20, 2020 | Application Period Two: March 5, 2020 – April 20, 2020 | Application Period Three: June 5, 2020 – July 20, 2020 | Application Period Four: September 3, 2020 – October 19, 2020.
  • Eligibility: Applicants must have been established for at least 3 years, have 10 or more full-time employees (5 FTE in rural communities) and be located in Eastern Ontario. Projects must be completed within a 3-4 year timeline. Project budget $500k+ or $200k+ in rural communities.

Community Economic Development Stream

The Eastern Ontario Development Fund (EODF) offers a Community Economic Development Stream, which provides support for projects and investments to municipalities and not-for-profit organizations for economic development in Southwestern and Eastern Ontario.

  • Amount: Up to 50% of eligible project expenses, for a maximum grant of up to $1.5M.
  • Timeline: Application Period One: December 2, 2019 – January 20, 2020 | Application Period Two: March 5, 2020 – April 20, 2020 | Application Period Three: June 5, 2020 – July 20, 2020 | Application Period Four: September 3, 2020 – October 19, 2020.
  • Eligibility: Municipality, Consortia, and Economic Development organizations (including sector groups). Focus on economic and business development and job creation in the community or region by investing in infrastructure or implementing strategies to advance regional economic development priorities. Have a $100k+ investment.

 Top Eastern Ontario Development Fund Resources:

Recent Eastern Ontario Development Fund (EODF) News:

Canadian Government Funding for Small Business

Page updated: November 18, 2019.