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Invest North – Locate │ Northern Ontario Heritage Fund Corporation (NOHFC)

none

Value

maximum of $5 million

Description

The Invest North Program is designed to boost economic growth in Northern Ontario by encouraging businesses to invest in transformative, strategic and complementary business development opportunities in Northern Ontario communities. The program will support productivity, innovation, business competitiveness, revenue growth, export capacity development, job creation and retention. The Locate program is designed specifically to assist with the relocation of business operations to Northern Ontario.

Eligible Applicants

Businesses locating new business operations to Northern Ontario are eligible to apply to the Invest North – Locate Program.

Eligible Expenses

Eligible projects, activities and associated costs include, but are not limited to:

  • Building construction
  • Upgrading leased spaces
  • Buying new or used equipment
  • Land development costs
  • Investments in IT and communications
  • Marketing new products or businesses (up to 20% of eligible costs or $75,000)
  • Third-party training costs (up to 20% of project costs)

 

Funding for each project is determined by the NOHFC Board of Directors, and limited funding is available. Not all projects meeting the criteria will necessarily receive funding.

Deadline Date

Ongoing. Please click the link indicated below for update.

Contact

Contact Name: Northern Ontario Heritage Fund Corporation (NOHFC)

Phone Number: 1-705-945-6700 | 1-800-461-8329 (toll free)

E-mail Address: asknohfc@ontario.ca

Website: https://nohfc.ca/private-programs/invest-north-locate/

Industry:

Other

Location:

Ontario

Tags:

Businesses, Economic Development

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