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) gives money to businesses, municipalities and not-for-profit organizations for economic development in southwestern Ontario.

The fund supports projects that:

  • Create jobs
  • Encourage innovation, collaboration and cluster development
  • Attract private sector investment

Funding Amounts

Business Stream: Up to 15% of eligible project costs to a maximum grant of $1.5 million

  • Investments of more than $10 million that also create more than 50 new jobs may be eligible for a loan of up to $5 million
  • Successful applicants must contribute at least 50% of total costs from your own resources or through private financing

Regional Stream: Up to 50% of eligible project costs to a maximum grant of $1.5 million

  • Successful applicants must contribute at least 35% of total costs from your own resources or through private financing
  • You are not allowed to combine (or “stack”) Southwestern Ontario Development funding in either stream with other provincial programs.

Eligible Applicants

Business Stream

To be eligible for the business stream, businesses need to:

  • Employ at least 10 people
  • Commit to creating at least 10 new jobs
  • Be able to provide 3 years of operations/financial statements
  • Be located in, or plan to locate in, a community in southwestern Ontario
  • Invest at least $500,000 in their project
  • Small Community Pilot Program
  • Businesses with 5-10 employees located in small communities may be eligible for funding from the Small Community Pilot Program

A “small community” is a municipality with a population less than 20,000 or with a population density of less than 100 persons per square kilometer.

Projects Need:

  • A minimum investment of $200,000 over 4 years
  • A 50% increase in current employment
Regional Stream

To be eligible for the regional stream, projects need to:

  • Focus on economic/business development and job creation in the area
  • Align with provincial and regional priorities (e.g., introducing new forms of innovation, taking part in province-led economic development initiatives)
  • Invest more than $100,000
  • Have private sector support
  • Be used for activities that are new to the organization
  • Note that if you are a business you must apply to the Business stream

Eligible Sectors

Projects in these sectors are eligible for funding:

  • Advanced manufacturing (automotive, aerospace, plastics, clean technologies)
  • Life sciences
  • Processing (primary and secondary)
  • Information and communication technology
  • Tourism

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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