Community Economic Development and Diversification

Federal Economic Development Agency for Southern Ontario

Through this Stream, FedDev Ontario seeks to enable communities to leverage their economic strengths and unique assets to:

  • Enhance business attraction, investment, retention and employment opportunities in southern Ontario communities.
  • Develop and expand collaborative efforts that strengthen regional competitiveness.
  • Support regional businesses, hubs and communities with the goal of economic diversification, integration and transformation.

Applications are accepted on an ongoing basis with no submission deadlines. All project activities must be completed by December 31, 2023.

Eligibility

I. Eligible Applicants

To be considered eligible for this Stream, an applicant must be located in southern Ontario.

A. Eligible applicants are not-for-profit organizations that support community economic development and/or diversification. They may include:

  • Indigenous organizations.
  • Community Futures Development Corporations (CFDCs).
  • Co-operatives
  • Municipalities and other municipal-type organizations.
  • A group or an alliance such as an industry association or consortium that is a legal entity capable of entering into a contribution agreement.
  • Business accelerators and incubators.
  • Other not-for-profit organizations, as determined on a case-by-case basis.

B. Eligible applicants are legally incorporated businesses, including Indigenous-owned businesses.

Funding

The Community Economic Development and Diversification stream will normally target investments that range from $250,000 to $5,000,000 per project.

  • Not-For-Profit Organizations: Applicants are normally eligible to receive up to 50 percent of eligible and supported project costs. On an exceptional basis, FedDev Ontario may consider projects eligible for up to 100 percent of eligible and supported project costs.
  • Incorporated Businesses: Applicants are eligible to receive up to 50 percent of eligible and supported project costs.
  • Indigenous-owned Businesses: Applicants are normally eligible to receive up to 50 percent of eligible and supported project costs.

Repayment

Contributions to not-for-profit organizations will be non-repayable.

Contributions provided directly to for-profit businesses will be unconditionally repayable. Repayments of contributions will be expected to commence as soon as reasonably possible, without compromising the success of the project or the organizations receiving the funding.

SOURCE: Federal Economic Development Agency for Southern Ontario. (2018, December 3). Federal Economic Development Agency for Southern Ontario – Application Guide. Retrieved from http://www.feddevontario.gc.ca/eic/site/723.nsf/eng/02470.html?OpenDocument

Community Economic Development and Diversification
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