Eastern Ontario Development Fund (EODF)

Recieve up to $600,000 in Government Funding.

This paragraph can include a summary of the program as well as describe eligibility/conditions. No need to get too specific as you probably have a list for that

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Funding Amount

1500000

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Eligible Applicants

Business projects need to have at least 3 years of operations/financial statements, employ at least 10 people (or 5 if in rural Ontario), commit to creating at least 5 new jobs (or 30% increase for companies with fewer than 15 employees), invest at least $500,000 in their project (or $200,000 if in rural Ontario), and be located in, or plan to locate in, a community in eastern Ontario. Community economic development projects need to be led by municipalities, economic development organizations or sector organizations, focus on economic and business development and job creation in the community or region, lead to measurable outcomes including private sector investment, growth and job creation, invest more than $100,000, have private sector support, and be used for activities that are new to the organization.

Eligible Activities

The fund provides support for projects and investments to existing businesses, municipalities and not-for-profit organizations for economic development in eastern Ontario. The objective of the program is to provide financial support and services to help growing companies in eastern Ontario make investments to grow their businesses, improve productivity, invest in innovation and skills development, pursue new markets, generate broad positive regional economic impact, and create new sustainable jobs.