large number of tourism businesses have contacted NOTO asking about access to capital to help fund projects that they would like to proceed with to enhance their businesses. The Northern Ontario Heritage Fund Corporation (NOHFC) has a number of funding programs available to small businesses in northern Ontario. In particular, the Enterprises North Job Creation Program may be a fit for some of your in the industry that are looking at expanding or upgrading your facilities. Here are the details of this program as it has been described to us by NOHFC.
Are you a business owner looking to expand and create jobs for northerners? Could new investment energize and help propel your business to loftier heights? The NOHFC is proud to partner with small and medium-sized business in creating jobs and stimulating economic growth This program supports initiatives aimed at creating jobs and positioning small and medium sized businesses for success.
Enterprises North Job Creation Program
Who is Eligible?
New and existing businesses that will create jobs in Northern Ontario. Resource-based, cultural, adventure or nature-based tourism businesses are eligible.
What is Eligible?
Eligible costs resulting in job creation in the North include but are not limited to:
Purchase of new or used equipment
Capital construction costs related to establishing or expanding a business
The maximum project funding from the NOHFC will generally not exceed 50% of eligible costs up to $1 million
Up to &##189; of the NOHFC funding may be in the form of a conditional grant with the remainder in the form of a repayable loan.
To obtain the application form for this program or to get details on other programs that NOHFC has available to businesses in northern Ontario, please visit http://www.nohfc.com.
If you require further information or assistance in preparing your application for this program, we would suggest that you contact the Ministry of Northern Development, Mines and Forestry Tourism Advisor in your region. Here is a list of those individuals for your reference:
Frank Bastone, 807-468-2820,
Susan Gammon, 807-475-1483,
Sault Ste. Marie
Robert Tarantini, 705-945-5913,
Gillian Schultze, 705-564-7361,
Siobhan O'Leary, 705-494-4163,