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Ontario Together Trade Fund │ Government of Ontario

none

Value

Funding will be provided through a grant or loan up to a maximum of $5 million.

Description

The Ontario Together Trade Fund (OTTF) provides financial support to help businesses near-term investments so they can serve more interprovincial customers, develop new markets and re-shore critical supply chains in the face of U.S. tariffs. With a focus on small and medium enterprises (SMEs), the program will help businesses, build local capacity, enhance trade resiliency, and make the necessary investments to successfully expand into new markets.

Eligible Applicants

The fund supports for-profit businesses (legal entity or limited partnership) registered to carry out business in Ontario.

To be eligible, businesses need to:

  • operate within Ontario
  • have at least three years of operations/financial statements (refer to Operating Experience section in program guidelines to determine financial statement requirements)
  • employ at least 5 full time equivalent (FTE’s) active employees
  • demonstrate any of the following impacts due to the imposition of U.S. tariffs:
    • operates in a sector extensively targeted by U.S. tariffs (for example, steel sector, auto sector, aluminum)
    • significant exposure to trade risk (for example, revenue loss of 30% or higher), or pivoting operations to supply a customer that is looking to replace a current supplier due to tariffs

Eligible Expenses

Eligible cost categories:

  • facilities and infrastructure
  • equipment and machinery
  • one-time labour
  • materials
  • specialized expertise
  • training and talent costs
  • permits and fees
  • new market access

Funding may be available to businesses operating within Ontario that meet the following requirements:

  • make an investment to:
    • enhance domestic competitiveness
    • build capacity and local supply chain in Ontario, or reshoring
    • pivot operations to manufacture less trade exposed goods
    • create and/or secure jobs in Ontario
    • other activities required to diversify revenue streams
  • invest at least $200,000 in eligible project costs
  • locate in a community in Ontario during the project period
  • complete the project within 2 years
  • demonstrate all financing will be in place by the project start date

Deadline Date

The intake period is continuous which means applicants can submit their application any time while the program is open.

Contact

Contact Name: Ontario Together Trade Fund

E-mail Address: ottf@ontario.ca

Website: https://www.ontario.ca/page/ontario-together-trade-fund

Industry:

Employment, Infrastructure

Tags:

Equipment, Facilities, Infrastructure, SMEs, Training, US Tariff

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