Eastern Ontario Development Fund

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Eastern Ontario Development Fund Ministry of
Economic Development
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EODF Program Overview

• 80M fund over 4 years to attract investment and
  support job creation in Eastern Ontario
• Business Stream funding objective
• Create and retain jobs
• Assist private sector firms invest in growth to
  pursue new products or new markets and improve
  their competitive position
• Eligible applicants projects
• For profit businesses, with a minimum of 10 FTE
  employees, and with ability to provide three
  years of financial statements
• Company commits to create minimum of 10 jobs
• Minimum project size 500K over 5 years

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Business Stream

• Form of Assistance
• Grant 15 of eligible expenses, maximum grant
  1.5M
• Business brings minimum 50 of investment
  government stacking permitted
• Discretionary, non-entitlement program
• Eligible expenses include one time, project
  specific expenditures
• Building retrofits and expansions
• Project-related infrastructure
• Project-related capital expenses directly
  attributable to the project
• One-time labour and materials
• Intellectual capital (e.g. specialized, unique
  expertise).
• Skills training
• Costs of permits, inspections, fees

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Project examples

• Successful EODF projects to date have had a clear
  economic impact. They come from a variety of
  sectors and locations in eastern Ontario.
• 213,000 to Powerbase Energy Systems Inc. to
  create 33 jobs over three years and commercialize
  a small scale biogas systems for Canadian
  agriculture.
• 1.3 million to St. Albert Cheese Co-operative to
  upgrade 26 jobs and create 10 new jobs over five
  years, as well as invest in new production
  technologies and enhance its competitiveness.
• 654,707 to Ross Video Limited to create 18 new
  jobs over three years. The project will invest in
  new production equipment and specialized training
  to boost the companys capabilities in high
  definition (HD) video technology.
• 129,153 to KIMCO Steel Sales Limited to create
  10 new jobs. The project will support the
  purchase of new equipment that will increase the
  competitiveness of its automobile recycling
  operation.
• 150,000 to Minimax Express Transportation Inc.
  to create 12 new jobs over four years. The
  investment will help Minimax offer enhanced
  logistics services and secure new contracts

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Project examples

• 101,625 to Tulmar Safety Systems Inc. to create
  12 full-time jobs and upgrade 3 existing ones
  over five years. The project will design new
  safety systems for the aerospace and defence
  industries, which will open up export
  opportunities.
• 178,000 to Electrolab Training Systems to create
  25 full-time jobs over five years and support the
  creation of additional jobs at one of its
  suppliers. This project is a multi-year expansion
  of the companys training system to American and
  International markets.
• 896,950 to Scott Environmental Group Ltd. to
  create 18 full time and 10 part-time jobs over
  two years. This project will support the
  establishment of Eastern Ontarios first
  state-of-the-art organic processing plant in
  Kingston.
• 315,300 to Seaway Yarns Limited to create 10
  jobs and upgrade 12 others over five years. The
  project will invest in new, state-of-the-art
  equipment, and help the company expand its
  product line.

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For more information

• www.ontario.ca/easternfund
• 1-866-909-9951
• eodf_at_ontario.ca
• Regional staff
• www.ontario.ca/easternfund-contacts