The following is a list of funding resources and supports we are aware of to help you grow your business. Please click on each link for more information about the program and how to apply.
Digital Transformation Grant: The Digital Transformation Grant application portal is now open for eligible brick-and-mortar small business to apply. The Digital Transformation Grant (DTG) program is focused on assisting small businesses with their adoption of technologies. The program provides training, advisory support and grants to brick-and-mortar small businesses looking to increase their capacity through digital transformation.
The application portal will remain open until October 31, 2022 or until the grant funds are exhausted.
Canada Digital Adoption Program: There are two streams under this program.
- Grow a Business On-line: Apply for a micro-grant and access e-commerce advisors to help you go digital and take advantage of e-commerce opportunities. $2400.00
- Boost Your Business Technology: Apply for a grant to help you develop a digital plan, and leverage funded work placements to help with your digital transformation. Up to $15,000 towards planning.
Support available includes:
Loans - Up to 15% funding to a maximum of $5 Million, interest free during the project period. Up to 30% of the loan to a maximum of $500,000 may be forgiven if investment and job targets are achieved
Grants - Grants are available only for specific circumstances:
- Up to 15% to a maximum of $500,000 for companies with less than 100 employees and that are located in rural Ontario
- Up to $1.5 Million for strategic projects that are direct foreign investments or from companies competing against other jurisdictions.
The Regional Opportunities Investment Tax Credit: This is a 10% refundable Corporate Income Tax credit for corporations that invest more than $50,000 to construct, renovate or acquire eligible commercial and industrial buildings in our region.
Canadian Business Resilience Network: Canadian Chamber of Commerce resource to help the business community prepare, persevere and ultimately, prosper as we collectively face the COVID-19 pandemic.
Highly Affected Sectors Credit Availability Program - HASCAP loans are for small and medium-sized businesses that have seen their revenues decrease by 50% or more due to COVID-19 and the