Purpose of the
The purpose of Southwestern Ontario Development Fund is to provide financial assistance and incentives to promote regional economic development in Southwestern Ontario and thereby enhance Ontario’s overall economic competitiveness and opportunities for the Ontario labour force. The promotion of regional economic development includes: (1) attracting and retaining investment, (2) creating and retaining jobs, and (3) promoting innovation, collaboration and cluster development. Specifically, the Fund will provide financial assistance to promote the expansion and attraction of investment/business in Southwestern Ontario through support for capital spending, skills development, productivity enhancements, infrastructure needs and other similar economic development initiatives.
Through the Business Stream of the Southwestern Ontario Development Fund, the Province of Ontario will provide up to 15% of eligible costs for projects that support business investment and economic development in the region. Southwestern Ontario communities will benefit from innovative and collaborative initiatives to support key sectors.
For more information, including how to apply, please visit this link.