Business Expansion Projects

NOHFC assists existing businesses in Ontario that intend to expand and or retain their operations within Northern Ontario to improve competitiveness, increase productivity, export, grow revenues and create jobs.

Who is Eligible?

Existing businesses in Ontario that intend to expand and/or retain their operations within Northern Ontario to improve competitiveness, grow revenues and create jobs in the following sectors:

  • advanced manufacturing
  • agriculture, aquaculture and food processing
  • arts, culture and creative industries
  • digital economy
  • forestry and value-added forestry-related industries
  • health sciences
  • minerals sector and mining supply and services
  • renewable energy and services
  • tourism
  • transportation, aviation and aerospace
  • water technologies and services

Other business activities that, in the opinion of the NOHFC Board of Directors, will result in an economic development advantage for Northern Ontario will be considered.

What is Eligible?

Eligible project costs include but are not limited to:

  • capital construction
  • leasehold improvements
  • new or used equipment
  • training costs incurred with third parties
  • land servicing costs
  • information & communications technology investments including, but not limited to, software

What is Not Eligible?

Ineligible projects, costs and activities include but are not limited to:

  • retail and consumer service businesses and business activities that primarily earn revenue through providing products and services, outside of the sectors described under “who is eligible” and as defined by the NOHFC*
  • businesses that are primarily involved in wholesale activities
  • accommodation & food services businesses and business activities
  • professional services businesses and business activities
  • business plans
  • strategic plans
  • marketing
  • feasibility studies
  • research and development
  • land purchase/lease
  • rolling stock (e.g. cars & trucks)
  • project management costs
  • consulting costs
  • maintenance costs
  • administration costs
  • mineral exploration, mine development costs and milling operations
  • working capital
  • inventory
  • ICT service providers (e.g. cellular and internet service providers)
  • other ongoing operating costs
  • capital projects or leasehold improvements to residential or personal properties
  • acquisitions and buy-outs of existing businesses
  • electricity generation projects

* The NOHFC will consider applications on a case-by-case basis where there is no other necessary service or business of this nature in the community or other extenuating circumstances.

Funding

NOHFC assistance will generally not exceed 50% of total eligible project costs up to a maximum of $1 million per project. In exceptional circumstances, the NOHFC may consider exceeding the $1 million maximum on a case-by-case basis.

NOHFC assistance under this program can be provided through three funding options:

  • Funding in the form of a conditional grant only to a maximum of 20% of total eligible costs OR $400,000, whichever is less.
  • Funding in the form of a conditional grant to a maximum of 20% of total eligible costs OR $400,000, whichever is less, plus a repayable loan to a maximum of 30% of total eligible costs OR $600,000, whichever is less.
  • Funding in the form of repayable loan only to a maximum of 50% of total eligible costs OR $1,000,000, whichever is less.

Not all projects meeting the program criteria outlined above will receive funding. Applications will be accepted under this program until March 31, 2019. This is subject to change without any prior notice.