Funding Opportunities

For a complete directory of grants and assistance programs for small businesses click here

LaCloche Manitoulin Business Assistance Corporation (LAMBAC)

705-869-3656
1-800-461-5131
www.lambac.org

Standard Business Loan Program
LAMBAC now offers small business loans of up to $150,000 to an existing small business owner wanting to expand his/her business or an entrepreneur wanting to start a business in the LaCloche-Manitoulin region, but in either case are unable to secure funding from traditional sources.

Larger Business Loan Program
Special loans are available to larger businesses to a maximum of $500,000 through the North Eastern Ontario Investment Pool network. LAMBAC, as a member of this network, can process your loan application.

Micro Loan Program
Micro loans to a maximum of $5,000 repayable over 36 months are available to any business, large or small.

FedNor

1-877-333-6673
www.fednor.gc.ca

Northern Ontario Development Program
The Northern Ontario Development Program invests in projects that seek to nourish economic development, business growth and competitiveness, and innovation to strengthen Northern communities. FedNor will provide financial support to viable projects which are led by businesses, municipalities, First Nations, and youth internships.

Youth Internship – Not-For-Profit Fund
This initiative is designed to provide recent college and university graduates with education-related work experience in not-for-profit organizations that carry out community economic development activities and/or provide support services, information and skills training to entrepreneurs and small businesses across Northern Ontario. The person must have graduated within 3 years and be under the age of 30. FedNor will contribute 90% of the requested amount up to $27,500.

Youth Internship – Private Sector Program
This initiative is designed to provide recent college and university graduates with education-related work experience within small businesses that are conducting incremental, project-based activity in the areas of innovation connectedness and trade across Northern Ontario. The person must have graduated within 3 years and be under the age of 30. FedNor will contribute 50% of the requested amount up to $27,500.

Community Futures Program
This program is designed to support 24 Community Futures Development Corporations (CFDCs) in Northern Ontario. CFDCs offer a wide variety of programs and services supporting community economic development and small business growth.
 

Northern Ontario Heritage Fund Corporation (NOHFC)

1-800-461-8329
www.nohfc.com

Northern Ontario Entrepreneur Program
Residents of Northern Ontario who plan to start their own business may be eligible for a grant up to $125,000 for leasehold improvements, capital costs and marketing costs. The entrepreneur is responsible for a 10% contribution of the required costs along with providing a business plan.

Enterprises North Job Creation Program
New and existing enterprises that will create jobs in Northern Ontario can be eligible for a maximum project funding that will generally not exceed 50% of eligible costs up to $1 million. Up to one half of the NOHFC funding may be in the form of a conditional grant with the remainder in the form of a repayable loan.

Private Sector Emerging Technology Grant
NOHFC may provide private sector companies with 50% of eligible costs in the following formats: non-repayable contributions of up to $100,000; repayable loans of up to $1 million or 50% of eligible project costs (whichever is less); or up to one half of the funding in the form of a conditional grant with the remainder in the form of a repayable loan.

Public Sector Emerging Technology Grant
NOHFC may provide public sector companies with a conditional grant, repayable loan or forgivable performance loan of generally up to 50 percent of eligible costs, normally not exceeding $1 million per project.

Northern Ontario Young Entrepreneur Program
Residents of Northern Ontario, 18 to 29 years old, who are planning to start their own for-profit business in the North may receive a grant of up to 85 per cent of eligible costs, to a maximum of $25,000 per project for capital costs. A cash investment of 10% of the NOHFC’s contribution is required. The venture must operate on a full-time basis and it cannot be an expansion or natural extension of a business.

Infrastructure and Community Development Program
This program encourages partnerships that find effective ways to create jobs and improve economic prospects in the North through improvements to infrastructure.

Northern Energy Program
The NOHFC’s Northern Energy Program enables northern businesses and non-profit organizations to manage and reduce the costs of energy generation and conservation. The program has two distinct elements: Renewable Energy Planning and Internal Energy Generation projects.

Ontario Arts Council

www.arts.on.ca
1-800-387-0058

This is an agency of the Ontario Ministry of Tourism, Culture and Sport. OAC's provides grants and services to professional, Ontario-based artists and arts organizations which support arts education, Aboriginal arts, community arts, crafts, dance, Franco-Ontarian arts, literature, media arts, multidisciplinary arts, music, theatre, touring, and visual arts. In 2010-2011, the Ontario Arts Council provided 52.3 million dollars to 1,720 individual artists and 1,057 organizations in 223 communities across Ontario. 

Ontario Ministry of Tourism, Culture and Sport

www.mtc.gov.on.ca
1-888-997-9015

The Ontario Ministry of Tourism, Culture and Sport provides funding and operating grants to cultural groups and other members of creative industries. These include public libraries, community museums, heritage organizations and historical societies, tourism associations, economic development corporations, municipalities, festivals and events.

Ontario Trillium Foundation

www.otf.ca
1866-522

One of the largest grantmakers in Canada, Ontario Trillium Foundation is unique for its deployment of 330 volunteers to review and analyze more than 3,000 grant applications each year. To make great grants that help create vibrant and healthy communities, program staff rely on our volunteers to bring their knowledge of local community needs and sectoral expertise to the grant review process.

OTF awards approximately 1,500 grants each year to community-based not-for-profits and charitable organizations in the arts, recreation, environment and human and social services sectors. An agency of the Ontario government with a $120 million annual budget, OTF is always looking for ways to be a more effective grantmaker as well as a thought leader.

 

Community Futures Development Corporations in Ontario

www.ic.gc.ca
1-800-328-6189

Small Business Internship Program
This Internship Program provides small to medium-sized enterprises the financial support to hire a post secondary student intern. The intern will assist with the adoption of e-business strategies to increase productivity and competitiveness.