💰 Southern Ontario Business Funding: Mechanics and Repayment

The provided text is an excerpt from a Government of Canada source detailing how project-based funding works for businesses in southern Ontario through FedDev Ontario. The document outlines the essential funding parameters, specifying that applicants can request between $125,000 and $10 million in repayable contributions. Key requirements include a 50% matching requirement from the applicant's own sources, as the government contribution is generally capped at half of the eligible project costs. The source also clarifies that all funding is interest-free and repayable and that approval does not guarantee funding until a legally binding contribution agreement is signed. Finally, it notes which costs are eligible or ineligible, such as excluding land and buildings, and advises applicants to seek tax advice regarding the financial assistance. for more episodes https://thebusinessofmanufacturingpodcast.podbean.com/ PLEASE SHARE AND LIKE !