Starting a busines, let alone keeping it, is going needs some influx of cash. So I'm going to list here some of the programs I've heard of that would be of interest to people.
Business Technology Innovation Fund
Business must be over 1 yr old. Priority sectors are (but any may apply):
Tourism and Resources
Up to 50%, max of $5,000 for website development
Up to 50%, max of $25,000 for software/technology implementation
Funding provided through either the Event Fund or the Product Development fund to tourism businesses that will help attract more toursists to Thunder Bay (and replenish the MAT funds received via hotel stays).
Northern Ontario Heritage Fund Coporation
There are 4 main envelopes for this program
Launch (grant up to 50% of eligible costs to a max of $200k)
Grow (grant up to 20% of eligible costs to a max of $400k plus loan up to 30% to max of $600k; or 50% loan max of $1m)
Locate (evaluated on a case by case basis, max of 50% or $5m)
Applied Research & Development (grant up to 50% to a max of $500k)
Demonstration & Commercialization (grant up to 50% to a max of $2m)
People & Talent
Workforce Development (internship for 50% of wage costs to a max of $35k; Indigenous stream allows up to 75% to a max of $52.5k)
Cultural Supports (funding for community events and film & television)
Community Enhancement (for communities)
Sustainable New Agri-Food Products and Productivity
Funding - Up to $10,000 at 50% cost-share for individual applicants or up to $25,000 at 50% cost-share for collaborations of 3 or more
Please visit www.rainalgoma.ca/SNAPP for more information
applications extended to Mar 5, 2021
Thunder Bay Downtown & Core Area Improvements
The CIP is a grant up to $25k for businesses within the core areas can apply that reimburse improvements to buildings that support the downtown cores.