The Eastern Ontario Development Program (EODP) provides non-repayable contributions towards costs of projects that promote business development or regional economic diversification in rural eastern Ontario. It is funded by the Federal Development Agency for Southern Ontario and administered by the fifteen regional Community Futures Development Corporations (CFDCs) for rural eastern Ontario. Individual CDFCs may select projects in accordance with regional economic development priorities.
For-profit businesses typically receive funding under the EODP’s “Business Development” stream. To be eligible for funding, a business must be located in the service area of one of rural eastern Ontario’s CDFCs.* Eligible projects can include those related to start-up of a new business, those related to expansion or development of an existing business, and those related to developing business infrastructure. See the regional CDFC web pages for their specific project priorities.
For-profit businesses can receive funding of up to 50% of eligible costs, up to a maximum of $100,000.
Applications for the Business Development stream are carried out through local CDFCs. One application per eligible organization is allowed per fiscal year; specific application deadlines can vary between CDFCs. Applications require the completion of certification forms as well as a business plan including, among other things, expected project benefits, records of past performance, and forecasts.
The EODP program page is available here. This page also contains a list of the fifteen eastern Ontario CDFCs.
The Federal Development Agency for Southern Ontario’s contact points for the EODP are given here. The Eastern Ontario Community Futures Development Corporation Network and the local CDFCs (see link below for list) can also be contacted with questions about the EODP.
Wilson Cook Associates can assist with applications for this program. If interested please contact us at Wilson Cook Associates.