Ontario Municipal Funding Update
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.
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.
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.
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
The program will remain open until funds are exhausted.