Eastern Ontario Development Fund

View the Eastern Ontario Development Fund Website and the Grants Ontario Website for EODF application documents.

Offering:
The fund may provide up to 15% of eligible project costs to a maximum grant of $1.5 million. For project investments of $10+ million that create 50+ jobs, funding may be available in the form of a secured repayable loan, to a maximum of $5 million in provincial support. Applicants can receive EODF funding for one project per year.

Dates:
Ontario endeavours to assess and make a decision regarding your application within 60 business days of confirming receipt of a fully complete application package.

Requirements:
In order to be eligible for the business stream, businesses must:

  • Employ at least 10 people and meet minimum job creation thresholds as outlined in the Business Application Guide (will open as a ZIP file)
  • Be able to provide 3 years of financial statements
  • Be part of an eligible sector (see guide for a list of eligible sectors)
  • Be located in, or plan to locate in Eastern Ontario
  • Have a multi year project that involves a minimum investment of $500,000 in eligible project costs.

Businesses with 5-10 employees with a $200,000+ project may be eligible under the Small Community Pilot. See the Business Application Guide (will open as a ZIP file) for more information.

Note that because of community density/size restrictions businesses with 5-10 employees in Belleville are not eligible for the Small Community Pilot.

Objectives:
Create and retain jobs,
Encourage the introduction of new, innovative approaches, including use of new technologies,
Assist in improving competitive position or pursue growth,
Diversify the economy of Eastern Ontario.