Funding options will be discussed during your consultation.
Yes. However, the combined federal and provincial government funding may not exceed 50% of eligible project costs.
Before applying, you must schedule a pre-application consultation by calling NOHFC at 1-800-461-8329. A member of our team will be assigned to help you with this process. After the consultation, you’ll need to submit an initial application. This will help determine if your project meets the program guidelines. If it does, you’ll be notified and asked to submit a detailed business proposal.
No, commercial and industrial land or building development is not eligible under the Invest North program. This includes things like:
- Building infrastructure to lease or sell
- Developing commercial or industrial land
- Projects that only cover site servicing or site development costs
Many tourism businesses that offer accommodation may qualify for the program. This includes businesses that serve as destinations for visitors who stay for longer periods (like remote outfitters or family vacation resorts). However, businesses that mainly provide overnight stays for travelers (such as hotels and motels) do not qualify.
No, beverage alcohol manufacturing companies are not considered eligible under NOHFC’s INVEST North – Launch, Grow or Locate programs. However, Ontario’s Ministry of Agriculture, Food and Rural Affairs has a number of resources available on their website in support of beverage manufacturing in Ontario.
In most cases, the decision to hire a lawyer rests with you. However, where NOHFC funding is provided by way of a secured loan or a secured loan and conditional contribution, you will need to hire a lawyer to represent you on the transaction. Your lawyer will need to provide a legal opinion to NOHFC and conduct certain other legal work required to complete the transaction.