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Gravenhurst - Incentives & Services

Data Last Updated: 8 November, 2010

Incentives & Financial Support

Capital

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Business Development Bank of Canada
Description: BDC actively supports the development and growth of Canadian small and medium-sized enterprises through its complementary financing, venture capital and consulting services.
Terms/Assistance/Benefits:

Canada Small Business Financing Program - Industry Canada
Description: Up to $500,000 financing for any one business, of which no more than $350,000 can be used for purchasing leasehold improvements or improving leased property and purchasing or improving new or used equipment.
Terms/Assistance/Benefits:

Canadian Youth Business Foundation Start-Up Financing Program
Description: Mentoring, educational resources and start-up financing assistance to aspiring young entrepreneurs.
Terms/Assistance/Benefits:

Summer Company
Description: The Summer Company program provides hands-on business training and mentoring - together with awards of up to $3,000 - to help enterprising youth start up and run their own summer business.
Terms/Assistance/Benefits:

Capital Financing

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Advanced Manufacturing Investment Strategy Program - Ministry of Economic Development
Description: Interest free loan to transform manufacturing processes and adopt leading edge technologies.
Terms/Assistance/Benefits: $10 million interest free loan up to five years.

ecoEnergy for Renewable Heat
Description: Financial assistance to increase the use of renewable thermal energy and develop capacity in the renewable thermal energy industry.
Terms/Assistance/Benefits: Eligible industrial, commercial and institutional entities will receive 25% of the purchase, installation and certain other costs of a qualifying system.

ecoEnergy Retrofit (industry)
Description: Incentive program to fund energy retrofits for SME industries.
Terms/Assistance/Benefits: Eligible SMEs can receive 25 percent of project costs to a maximum of $50,000 per application and $250,000 per corporate entity.

Loan Guarantee Program - Ontario Ministry of Natural Resources
Description: Loan guarantees to forest industry's lenders to support and leverage new capital investment projects in Northern or rural Ontario.
Terms/Assistance/Benefits: Loan guarantee - minimum of $500,000.

Next Generation of Jobs Fund - Biopharmaceutical Investment Program - Ministry of Research and Innovation
Description: A five-year, $150-million strategy to encourage brand name pharmaceutical firms and advanced-stage human health biotech firms (e.g. vaccine manufacturers) to establish and grow their research and development and/or their advanced manufacturing investments in Ontario.
Terms/Assistance/Benefits: Program will provide up to 20% of total eligible project costs. Applications with total eligible project costs of less than $5 million will not be considered.

Next Generation of Jobs Fund - Jobs & Investment Program - Ministry of Economic Development
Description: A five-year $1.15 billion strategy to support companies in business expansion /retention and attract foreign investment in green auto research, parts production and assembly; clean fuels research, development and commercialization; manufacturing, processing, environmental technologies; services (ICT & Financial), anchor investments to support cluster development; and opportunity based/ unique investments.
Terms/Assistance/Benefits: The fund will provide up to 15% of the total eligible costs of an approved project. Eligible projects must meet thresholds of $25 million in investment or create /retain 100 jobs within five years.

Ontario Centres of Excellence - Investment Accelerator Fund Program
Description: A major Ontario Government commercialization initiative to provide eligible technology-based start-ups with between $250,000 and $500,000 in seed capital to support technology development, market potential analysis, prototype development, early customer trials, promotion and patenting costs.
Terms/Assistance/Benefits: Investments are generally made in the form of a convertible debenture (loan) in return for a nominal equity position.

Ontario Current Cost Adjustment (OCCA): Pollution Control Equipment - Ontario Ministry of Revenue
Description: Ontario provides an additional 30% tax deduction, over and above the regular depreciation allowance, for investments in pollution control equipment.
Terms/Assistance/Benefits: 30% of first $20 million of capital cost.

Ontario Solar Thermal Heating Incentive (OSTHI) - Ontario Ministry of Energy and Infrastructure
Description: Financial assistance for Industrial, Commercial and Institutional (ICI) organizations to increase the use of renewable energy; and develop capacity in Ontario's solar thermal industry.
Terms/Assistance/Benefits: The Ontario Solar Thermal Heating Incentive (OSTHI) matches rebates provided by the federal ecoENERGY for Renewable Heat program. Each program provides rebates of up to $80,000 for solar hot water or solar air heating systems.

Commercialization

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MaRS - Business Mentorship and Entrepreneurship Program (BMEP)
Description: A major Ontario Government commercialization initiative to meet the needs of high performance technology entrepreneurs. Services and resources are delivered through member organizations of the Ontario Commercialization Network (OCN).
Terms/Assistance/Benefits: Skills training, management support, mentorship and networking.

Digital Media

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Film or Video Production Services Tax Credit Program - Canada Revenue Agency
Description: Federal refundable tax credit for foreign producers for labour expenditures rendered in Canada by Canadian residents.
Terms/Assistance/Benefits:

Ontario Book Publishing Tax Credit (OBPTC)
Description: Tax credit for Ontario publishing companies to publish and promote works by a Canadian author.
Terms/Assistance/Benefits:

Ontario Computer Animation and Special Effects Tax Credit (OCASE)
Description: Ontario tax credits for computer animation and special effect activities in film or TV productions.
Terms/Assistance/Benefits:

Ontario Film and Television Tax Credit (OFTTC)
Description: Ontario refundable tax credit for film and video productions.
Terms/Assistance/Benefits:

Ontario Interactive Digital Media Tax Credit
Description: Ontario refundable tax credit for labour, marketing and distribution expenditures for the creation of interactive digital media products.
Terms/Assistance/Benefits:

Ontario Production Services Tax Credit (OPSTC)
Description: Ontario refundable tax credit for qualifying labour expenditures for those productions that do not meet the Canadian content requirements.
Terms/Assistance/Benefits:

Ontario Sound Recording Tax Credit (OSRTC)
Description: Ontario tax credit to support sound or music video recording activities.
Terms/Assistance/Benefits:

EDO-Economic Development

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Eastern Ontario Development Fund - Ministry of Economic Development
Description: The Eastern Ontario Economic Development Fund is a four year, $80 million fund designed to help businesses create new jobs, and invest in new technologies, equipment or skills training for workers. It will also support economic development projects that will attract or retain investment in Ontario-based industries and communities.
Terms/Assistance/Benefits:

Energy

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ecoEnergy for Renewable Power
Description: $1.48 billion financial incentive to increase Canada's supply of clean electricity from renewable sources such as wind, biomass, low-impact hydro, geothermal, solar photovoltaic and ocean energy.
Terms/Assistance/Benefits: One cent per kilowatt-hour for up to 10 years to eligible low-impact, renewable electricity projects constructed between April 1, 2007 and March 31, 2011. Maximum contribution payable per qualifying project will be $80 million over 10 years.

High Performance New Construction
Description: Financial assistance to promote the design and construction of high performance buildings.
Terms/Assistance/Benefits:

Northern Pulp and Paper Electricity Transition Program - Ministry of Natural Resources
Description: A $140 million transitional rebate program for northern pulp and paper companies to achieve electricity efficiency and sustainability.
Terms/Assistance/Benefits: Effectively reduce the cost of electricity that the mills purchase by approximately 15 per cent over three years.

Ontario Biogas Systems Financial Assistance Program - Ontario Ministry of Agriculture, Food and Rural Affairs
Description: A $9-million provincial financial assistance program to promote sustainable biogas production for farmers and agri-food businesses to develop and build generating systems that produce clean energy, reduce electricity costs and contribute to local economies.
Terms/Assistance/Benefits: Fund a maximum $400,000 for total feasibility and construction cost for each biogas system.

SMART Program - Canadian Manufacturers & Exporters
Description: Financial assistance for manufacturing productivity improvement projects such as lean design and lean manufacturing, quality improvement, energy efficiency, IT best practices, and environmental impact reduction.
Terms/Assistance/Benefits:

Technology Development Fund - Ontario Power Authority
Description: Technology Development Fund assists innovative energy technologies that will improve the supply and conservation of electricity - are in the pre-commercial stage - and require funding for development, demonstration or verification.
Terms/Assistance/Benefits:

Export

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Canadian Commercial Corporation (CCC)
Description: International contracting agency provides export-related assistance in military sales and Canadian commitments for international assistance.
Terms/Assistance/Benefits:

Export Development Canada
Description: A crown corporation that offers financing, credit insurance and bonding solutions to Canadian exporters.
Terms/Assistance/Benefits:

Export Market Access - A Global Expansion Program
Description: A 50/50 cost-sharing grant to help Ontario SMEs cover costs incurred to develop export sales in foreign markets, predominately outside the US.
Terms/Assistance/Benefits:

New Exporters to Border States (NEBS)
Description: A hands-on introduction course to the basics of exporting to the USA which includes visits to US Customs and a freight forwarder.
Terms/Assistance/Benefits:

Human Resources and Training

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Achieving Innovation & Manufacturing Excellence - Yves Landry Foundation
Description: A cost shared program to fund training that will lead to advancements in innovation within the manufacturing sector in Ontario.
Terms/Assistance/Benefits:

Apprenticeship Job Creation Tax Credit - Canada Revenue Agency
Description: A 10 percent Federal tax credit to cover salaries and wages paid to training new apprentices in the first two years of the contract.
Terms/Assistance/Benefits:

Apprenticeship Training Tax Credit
Description: The Apprenticeship Training Tax Credit (ATTC) is a refundable tax credit. It is available to employers who hire and train apprentices in certain skilled trades.
Terms/Assistance/Benefits:

Canada Summer Jobs 2009
Description: Contributions for employers to hire students during the summer.
Terms/Assistance/Benefits: Up to 50% of provincial minimum wage per hour.

Employer Signing Bonus
Description: A $2,000 bonus for an employer who hires and registers an apprenticeship scholarship candidate as an apprentice.
Terms/Assistance/Benefits:

Internship Program with Innovative Small and Medium-sized Enterprises - National Research Council Canada
Description: Financial assistance to innovative Canadian SMEs to hire post-secondary graduates.
Terms/Assistance/Benefits: Internships assistance between six to twelve months and up to $15,000.

MaRS Discovery District (MaRS)
Description: World-class research and business incubation facilities in biomedical innovation and commercialization.
Terms/Assistance/Benefits:

Ontario Job Connect
Description: Training subsidies for employers who train youths out of school, out of work, not currently in a training program.
Terms/Assistance/Benefits: Training subsidies are available.

Ontario Labour Market Partnerships
Description: Ontario Labour Market Partnerships support partnerships among employers, employer/employee associations, and community organizations to address identified labour market issues.
Terms/Assistance/Benefits:

Ontario Summer Jobs Service
Description: Wage support for employers hiring students for seasonal jobs during the summer.
Terms/Assistance/Benefits:

Targeted Wage Subsidies Program
Description: Temporary wage subsidies to assist employers providing on-the-job experience and hiring individuals who face barriers in finding employment.
Terms/Assistance/Benefits:

The Workplace Skills Initiative - Human Resources and Social Development Canada
Description: Call for Proposals to fund demonstration projects which respond to challenges in Canadian workplaces relating to employee skills development and organizational changes.
Terms/Assistance/Benefits: Funding up to a maximum of $3 million per year. Recipients and/or project partners must contribute at least 25% to eligible project costs.

Work-Sharing Program - Human Resources and Social Development Canada
Description: Provides income support to workers eligible for Employment Insurance benefits and who are willing to work a temporary reduced work week when there is a reduction in the normal level of business activity that is beyond the control of the employer.
Terms/Assistance/Benefits: 6 to 26 weeks of income support to workers eligible for Employment Insurance benefits to help employers and workers avert temporary layoffs.

Northern Ontario

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Rural Economic Development (RED) Program
Description: The Rural Economic Development Program invests in projects that support sustainable rural economies and community partnerships, under the priorities of health-care services, community revitalization and economic development, and skills enhancement.
Terms/Assistance/Benefits:

Research and Development

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Canada Foundation for Innovation Funds
Description: Funds R & D infrastructure costs in partnership with universities, colleges, research hospitals, and non-profit research institutions.
Terms/Assistance/Benefits: Up to 40% of project costs.

Canadian Institutes of Health Research - Innovation and Industry Programs
Description: Major federal health research funding agency for universities, hospitals and research institutes has research programs matching industry partner's financial contributions.
Terms/Assistance/Benefits:

Communications Research Centre Canada - Industry Canada
Description: Helps SMEs develop their potential through on-site technology incubation and technology transfer.
Terms/Assistance/Benefits:

Going Global Innovation - Foreign Affairs and International Trade Canada
Description: Pays eligible expenses for Canadian researchers to meet with key R & D players in foreign countries pursuing collaborative opportunities.
Terms/Assistance/Benefits:

Industrial R & D Fellowships - Natural Sciences and Engineering Research Council of Canada
Description: Financial assistance for companies to hire recent doctoral graduates in science and engineering to conduct research and development in industries.
Terms/Assistance/Benefits:

Industrial Research Assistance Program - National Research Council Canada
Description: Technical advisory services, networking and financial assistance to SMEs.
Terms/Assistance/Benefits:

NextGen Biofuels Fund - Sustainable Development Technology Canada
Description: A $500 million fund to support establishment of first-of-kind commercial scale demonstration facilities for the production of next-generation renewable fuels (i.e. cellulosic ethanol or next-generation biodiesel) and co-products.
Terms/Assistance/Benefits:

NOHFC - Private Sector Emerging Technology Program
Description: Non-repayable or repayable contributions for research and technical projects in Northern Ontario.
Terms/Assistance/Benefits:

Ontario Business Research Institute Tax Credit (OBRITC)
Description: A refundable tax credit for corporations incurring expenditures in respect of Scientific Research & Experimental Development under a contract with an Eligible Research Institute.
Terms/Assistance/Benefits:

Ontario Centres of Excellence Inc.
Description: 6 sector-based centres and various programs to strengthen research linkages between academia and industry.
Terms/Assistance/Benefits:

Ontario Innovation Demonstration Fund
Description: The Innovation Demonstration Fund (IDF) is a discretionary, non-entitlement funding program that focuses on the commercialization and initial technical demonstration of globally competitive, innovative Green technologies, processes and/or products.
Terms/Assistance/Benefits:

Ontario Innovation Tax Credit (OITC)
Description: Refundable provincial tax credit on R & D expenditure claims.
Terms/Assistance/Benefits:

Ontario New Technology Tax Incentive (ONTTI)
Description: 100% immediate write-off of the eligible cost of qualifying intellectual properties acquired in the course of an intellectual property transfer.
Terms/Assistance/Benefits: 100% write-off.

Ontario Research Fund - Ontario Ministry of Research and Innovation
Description: Supports the operational costs (direct and indirect) and the capital costs of research of Ontario's research community.
Terms/Assistance/Benefits:

Ontario Retail Sales Tax Exemption on R & D and Manufacturing Equipment - Ontario Ministry of Revenue
Description: Exemption from the Ontario Retail Sales Tax Act for equipment used primarily in manufacturing exclusively for R & D, or in non-profit medical research facilities for medical research and investigation.
Terms/Assistance/Benefits: Exempt from RST (8%).

Ontario Scientific Research and Experimental Development Expenditures (SR & ED)
Description: A deduction in respect of Ontario research and development.
Terms/Assistance/Benefits: An incentive for corporations undertaking SR & ED in Ontario.

Precarn Incorporated
Description: Precarn provides an integrated suite of programs which fund research and assist in the development of highly qualified entrepreneurial people and commercialization of innovative technology which has commerical viability.
Terms/Assistance/Benefits:

Scientific Research and Experimental Development Tax Incentive Program - Canada Revenue Agency
Description: The largest single source of federal support for industrial R & D. Investment tax credits for expenditures such as wages, materials, machinery, equipment, some overhead, and SR & ED contracts.
Terms/Assistance/Benefits:

SD Tech Fund - Sustainable Development Technology Canada
Description: A $550 million fund to support late-stage development and pre-commercial demonstration of clean technology solutions contributing to clean air, clean water and clean land, and addressing issues of climate change.
Terms/Assistance/Benefits:

Strategic Aerospace and Defence Initiative - Industry Canada
Description: Firms, organizations or institutions may apply for investments assistance repayable over the long term in conducting R & D in eligible aerospace and defence technologies.
Terms/Assistance/Benefits:

Business Support Services

Gravenhurst Chamber of Commerce	25 Millview Road
Serves Gravenhurst	Gravenhurst, ON
705 335-2332	P5N 2X6
The Gravenhurst Chamber of Commerce serves as an advocate for member businesses, working to promote and enhance our community.
http://www.gravenhurstchamber.com/

Muskoka Community Futures Development Corporation	111 Manitoba Street
Serves Bracebridge; Georgian Bay; Gravenhurst; Huntsville; Lake Of Bays; Muskoka Lakes; Wahta Mohawk Territory; Moose Point 79	Bracebridge, ON
705 646-9511	P1L 2B6
Incorporated in 1987, the Muskoka Futures operates throughout the Muskoka region as a community-based, not-for-profit organization partnering with the District of Muskoka, local municipalities, businesses, individuals and other community organizations to promote sustainable economic development.
http://www.muskokafutures.ca/

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