Resources

Grant Opportunities for Ontario Businesses

Looking to innovate, export, hire, train or expand your business? The Canadian Government might fund between 15 to 65% of your costs!

Many of our clients ask us about the availability of government grants and whether they might qualify.  This article will share up to date information on funding available to businesses in Toronto and across Ontario.

Why Should I Read This Article?

In the past few years, we’ve noticed an increase in government funding available to businesses.  If you can answer YES to any of the following questions, your business might qualify for a government grant:

  1. Do you intend to develop a new product or process in the next 3-12 months?
  2. Will you be carrying out a foreign market research study in the next 2-12 months?
  3. Do you intend to hire 8 or more new employees under the age of 30 in the next 12 months?
  4. Will you be purchasing any 3rd party training courses for your staff in the next 12 months?
  5. If you are a manufacturer, will you be doing any internal training for your staff?
  6. Will you be attending and renting a booth at one or more trade shows outside of Canada in the next 12 months?
  7. Will you be entering a new market outside of Canada?
  8. Are you located in Northern or Eastern Ontario?
  9. Are you in any of these industries:
    • automotive
    • agricultural
    • manufacturing
    • mobile application / web development
    • renewable energy / clean tech

Getting Assistance and Increasing Your Odds

If you think your business might qualify for a grant, you might consider working with a firm like RDP Associates Inc. RDP helps companies apply for government grants.  As experts in their industry, they have a simple guarantee: if no benefit is realized then they don’t charge for their service; instead, they work on a contingency basis.  RDP President Brian Cookson says, “Based on government priorities, grant programs generally fall under these categories: innovation, marketing, exporting, hiring, training, green energy, or business expansion.  In our experience, companies with a staff of 35 or more employees are on average eligible for approximately one grant per year.  We’re seeing about a 75% success rate for our grant applications.”

For more information, contact Stern Cohen today.