Funding for Manufacturing Business Expansions
The Eastern Ontario Development Fund (EODF) provides financial incentives for business expansions that create new jobs in Ontario. If you plan to purchase new capital equipment, make operational or process improvements, or expand your market reach, this program may be right for you.
Loans up to 15% of eligible expenses to a maximum of $5M, interest-free for the project duration. If you meet project targets, up to 30% of the loan may be forgiven.
Grants up to 15% of your project to a maximum of $500K for special circumstances.
- Application submission period: April 11-May 30, 2024.
- Application deadline: May 30th.
- Notification by August 27th.
Learn More about the EODF
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