Economic Development News

FedDev Ontario has funding for Cambridge businesses
FedDev Ontario is now accepting applications for their fall intake funding. They are looking for projects that align with their fall 2024 priorities:
Clean economic growth  – projects that support the greening of the economy, that can contribute to emissions reductions, and that create sustainable and green jobs.
Growth companies  – projects that accelerate business development and growth.
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Regional Homebuilding Innovation Initiative applications due December 20
The aim of the Regional Homebuilding Innovation Initiative (RHII) is to boost productivity and increase innovative homebuilding solutions in Canada’s homebuilding sector. The federal government has funding available for small and medium sized businesses, indigenous owned businesses or not-for-profit organizations that are working to increase productivity in construction and manufacturing productivity,...
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Funding now available for Southwestern Ontario businesses and organizations
 
Businesses, municipalities, and non-profits in southwestern Ontario are invited to apply for funding through the Southwestern Ontario Development Fund (SWODF) . The program offers support for projects that drive regional economic growth, increase productivity, foster innovation, and create sustainable jobs.
 
The application window for this round is open until January...
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Local businesses invited to apply for Regional AI initiative funding
Businesses in southern Ontario can now apply for funding through FedDev Ontario’s Regional Artificial Intelligence Initiative (RAII).
$200 million in funding is available across Canada as part of the program, which aims to accelerate AI adoption in key sectors like healthcare, manufacturing, enterprise solutions, and mobility to help bring transformative AI technologies to market and strengthen...
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The Ontario Automotive Modernization Program ( O-AMP ) is a partnership with small- and medium- sized automotive parts suppliers in Ontario.
The goal is to help modernize Ontario’s automotive supply chain to make it more competitive and responsive to the changing needs of its customers.
Your business could get up to $150,000 to help cover up to 50% of eligible project costs.
As a successful applicant, you are required to contribute at least 50% of remaining...
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