Ontario Municipal Funding Update
January 2020
The Rural Economic Development Fund is Now Open
The Rural Economic Fund offers support for communities investing into buildings and improving local economies. This is a fantastic opportunity. Forward-thinking communities can leverage the fund to stimulate local business growth, attract skilled workers, and build economic conditions that attract further investment in rural areas.
Funding
A successful application will support the growth and prosperity of your community. Don’t miss out on your fair share – Fairtax offers the highest probability of approval.
- Economic Diversification and Competitiveness Stream: up to 50% of eligible project costs to a maximum of $150,000.
- Strategic Economic Infrastructure Stream: up to 30% of eligible project costs to a maximum of $250,000.
Deadline
The program intake will close February 24, 2020.
The Green Municipal Fund is Currently Accepting Applications
The Green Municipal Fund offers substantial support for municipalities. A wide range of environmentally focused initiatives are eligible for funding. Communities have historically used the fund for improvements in transportation, housing, and public infrastructure upgrades.
Funding
Through a variety of program streams, municipalities can receive grant support of 15% of eligible projects, up to a maximum of $1.5 Million. Low interest loans can also be provided, up to $10 Million for capital projects. Community pilot projects and feasibility studies can qualify for Grants to cover up to 50% of eligible costs to a maximum of $500,000
Deadline
The program will remain open until funds are exhausted.