Fairtax is an industry leader in obtaining government funding in Canada. Our dedicated team of Funding Specialists understands the intricacies of government grant and incentive programs, optimally positioning your organization to secure government funding. We cut through the confusion, uncovering the specific financial resources that allow you to focus on growing through innovation, training employees, and taking your operations to the next level.
Rural Economic Development Fund (RED)
Ontario’s Rural Economic Development (RED) program provides cost-share funding to support activities that create strong rural communities in Ontario, and opens doors to rural economic development through:
- Funding assistance to address barriers to economic development, better position rural communities to attract and retain jobs and investment, and enhance economic growth.
- Funding to build community capacity and support for economic development in Ontario’s rural communities.
- Investments in rural communities to help diversify and grow local economies – making economic growth more inclusive so Rural Ontario continues to share in the province’s economic prosperity.
Funding Amounts By Stream:
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.
To be eligible for the program you must be:
- A Municipality
- A not-for-profit entity
- An Ontario Indigenous community or organization
- A local services board
The RED program is now open and accepting applications. This intake will close on February 24, 2020.