Project Description

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.

Southwestern Ontario Development Fund (SWODF)

The Southwestern Ontario Development Fund (SWODF) – Business stream aims to provide funding promoting regional economic development in Southwestern Ontario, supporting capital spending, skills development, productivity enhancements, infrastructure needs, and other similar economic development initiatives. This funding opportunity is designed to support businesses, municipalities , and not-for-profit organizations and encourage economic development in the region.

The Objectives of the SWODF – Business Stream Include the Following:

• To create jobs in Southwestern Ontario

• To encourage the introduction of new, innovative approaches

• Enhance productivity

• Contribute to the diversification of the regional economy

Funding

Up to 15% of eligible costs to a maximum of $1,500,000.

Eligible Projects

To be eligible, businesses need to:

• Invest at least $500,000 in their project (or $200,000 if you are in rural Ontario)

• Employ at least 10 people (or 5 if you are in rural Ontario)

• Commit to creating at least 5 new jobs (or 30% increase for companies with fewer than 15 employees)

• Be able to provide 3 years of operations/financial statements

• Be located in, or plan to locate in, a community in Southwestern Ontario

Eligible Costs

• Project facility modifications/upgrades required for the project

• Equipment and machinery required for the project

• One-time internal labour, including costs to set up/commission new equipment, technology or systems for the project

• One-time materials, including materials used for configuring and testing production processes

for the project and systems, and materials used for training employees for the project

• Specialized expertise required for the project or third party services

• Skills training, including employer-provided training, related to the project;

• Project-related permits, fees and other similar charges

The Geographic Area

Southwestern Ontario includes the following 18 geographic areas:

  • Brant
  • Bruce
  • Chatham-Kent
  • Dufferin
  • Elgin
  • Essex
  • Grey
  • Haldimand
  • Huron
  • Lambton
  • Middlesex
  • Niagara
  • Norfolk
  • Oxford
  • Perth
  • Simcoe
  • Waterloo
  • Wellington

CONTACT US

Not sure if your organization qualifies for Government funding? Contact us today at (905) 822-4474 or fill out the form below to schedule a free assessment.

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