Northumberland Community Futures Corporation and Fed Dev Ontario. RE3 is here to help women-led businesses in Eastern Ontario Rebuild, Reopen and Revive.
Women entrepreneurs will be at the forefront of economic recovery and revival in Eastern Ontario. On a competitive basis, we are offering one-time, performance-based and non-repayable funding of up to $5,000 for:
Acquisition of required/mandated Personal Protection Equipment (PPE)
Workspace reconfiguration to accommodate physical distancing
Hardware/software upgrades to enhance online capacity, client servicing, and accessibility.
Does RE3 align with your plan for business resilience and renewal? Then we invite you to apply now! Click the link below for more information.
Apply Now – https://financingandstrategy.com/re3/
City of Ottawa Council approved a Farm Grant Program to provide financial relief to working farmers. The grant program will assist eligible farm property owners by allowing the June final tax instalment to be paid in December 2020.
Ontario Taxes and Covid 19 Relief Measures
The financial relief package allows businesses to defer premium reporting and payments until August 31, 2020. Businesses who report and pay monthly, quarterly or annually based on their insurable earnings are eligible for this deferral.
To continue to help reduce the financial burden on businesses during the COVID-19 pandemic, any repayment of deferred WSIB premiums will not begin before January 2021. We will provide more information on the repayment installment schedule for deferred amounts, along with 2021 premium rate information, in the fall.
Any employer participating in the financial relief package will have to report deferred amounts by October 31, 2020. Regular monthly and quarterly reporting and payment schedules will resume in September 2020 for all businesses.
To support families, small businesses and farms while Ontario plans for the safe and gradual reopening of the province, the Government of Ontario has introduced a new fixed electricity price of 12.8 ¢/kWh for customers that are on time-of-use (TOU) prices. Effective June 1, 2020, that price applies to electricity used at all hours of the day, seven days a week. Having the same price apply at all hours of the day is a more predictable way to pay for power at a time when Ontarians continue to work and learn from home.
As a federal Canadian Crown Corporation established to manage investments assigned to it, CDEV has been mandated to implement the Government of Canada’s Large Employer Emergency Financing Facility in cooperation with Innovation, Science and Economic Development Canada (ISED) and the Department of Finance.
As a Canadian employer who has seen a drop in revenue due to COVID-19, you may be eligible for a subsidy to cover part of your employee wages, retroactive to March 15. This subsidy will enable you to re-hire workers, help prevent further job losses, and ease you back into normal operations.
Interest-free loans of up to $40,000 to help cover operating costs during a period where revenues have been temporarily reduced due to the COVID-19 pandemic, available through most financial institutions.
To cover payroll and operating costs caused by the current economic situation.
Up to $12.5 million for your operational cash flow requirements, co-financed by BDC and your primary financial institution.
Junior loans ranging between $12.5 million and $60 million for medium-sized businesses particularly impacted by the COVID-19 pandemic and/or the recent decline in oil and gas prices.
The Regional Relief and Recovery Fund (RRRF) provides financial contributions (interest-free loans) to help support fixed operating costs of SMEs, where business revenues have been affected by the COVID-19 pandemic and they have been unable to access other Government of Canada measures.
The Fund, valued at more than $962 million nationally, is delivered by Canada’s six regional development agencies.
In southern Ontario, $252.4 million is available through FedDev Ontario.
Additional Funding Resources
BDC supports Canadian businesses with business loans and financing solutions for entrepreneurs. Click here to find out if you’re eligible.
Offers grants to sector-specific businesses and help when you already have funding. Link
Funding and mentorship for youth age 18-39
Funding for Startups
Fundica accelerates the funding search and connects entrepreneurs directly to funders and advisors. Via their website, you can quickly identify grants, loans, tax credits, and equity funding from private, municipal, provincial, and federal funders.
For Everything crowdfunding, click here.
$10 K for the Squad Program. $25K for the Lab Program. Also refer to Invest Ottawa’s Digital Main Street program.
Up to $25K.
Enabling Accessibility Fund (EAF)
Persons with a disability face additional barriers that prevent them from fully participating in their communities and workplaces. To address this, we are pleased to announce that $100,000 is available under Enabling Accessibility Fund (EAF) for small projects and $10,000 for youth.
- We are now providing 100% of the funding up to a maximum of $100,000 for small-scale construction, renovation or retrofit projects that enable persons with disabilities to live and work in more inclusive and accessible communities.
- Organizations have until July 13 to apply. For full details and to apply please visit www.canada.ca/accessibility-fund .
Enabling Accessibility Fund (EAF) – Youth
- Youths between 15 and 30 years of age can apply for funding up to $10,000 for accessibility projects.
- To quality, you need to be determined to make a difference in your community, and you want to develop valuable skills and gain key experience.
- The EAF’s youth innovation component engages and challenges youth leaders to volunteer and collaborate with local community-based organizations.
- Interested youth accessibility advocates can apply before October 30 online (www.canada.ca/en/employment-social-development/services/funding/enabling-accessibility-fund-youth-innovation.html) .
The goal of the Enabling Accessibility Fund program is to create more opportunities for persons with disabilities to participate in communities and workplaces across Canada.
Canada Student Service Grant (CSSG)
- CSSG will provide eligible post-secondary students and recent graduates the opportunity to serve their communities and receive a grant of between $1,000 and $5,000. They can count volunteer service hours from Jun. 25 to Oct. 31 toward the CSSG. www.Canada.ca/Iwanttohelp.
- The I Want to Help platform will provide post-secondary students and recent graduates access to volunteer service opportunities. Not-for-profit organizations and charities will be able to upload volunteer opportunities to this platform so that students can search and apply for opportunities in their communities. Volunteer opportunities must be for minimum of 2 hours a week for four weeks.
Additional information on the existing programs that help young Canadians find paid work placements and get the skills they need to start their careers.
Student Work Placement Program (SWPP):
A new investment of $186 million supporting an additional 20,000 job placements for post-secondary students get paid work experience related to their field of study. For complete details please visit their website.
Canada Summer Jobs (CSJ):
Creating 10,000 new job placements for young people between the ages of 15 and 30 through the Canada Summer Jobs program. New funding of over $60 million will help expand the current work placement target from 70,000 to 80,000, creating 10,000 more placements. The program provides wage subsidies to employers so they can give quality work experience to young Canadians and help them develop the skills they need to transition into the labour market. List of eligible 120 organizations in Nepean employing over 225 young Canadians has been announced during the last several weeks.
Youth Employment and Skills Strategy (YESS):
Creating over 3,500 new job placements and internships serving high-demand sectors such as health, community services, and information technology, and help other sectors to recover. Young Canadians can develop the skills and gain the experience they need to successfully transition into the labour market. For more information, please visit their website.