SUMMARY: The Eastern Ontario Development 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
- create new good, sustainable jobs
The program provides funding covering up to 15% of total project costs through interest-free loans of up to $5 million. If job creation and investment goals are met, up to 30% of the loan (maximum $500,000) may not need to be repaid. Grants of up to 15% are also available for certain rural or strategic projects.
DEADLINE: The application window opens on November 4, 2025, and closes on February 3, 2026.
ELIGIBILITY: Eligible applicants include established for-profit businesses, municipalities, economic development organizations, and consortia located in Eastern Ontario.
FOR MORE INFORMATION: https://www.ontario.ca/page/eastern-ontario-development-fund#section-5
