Funding Alert: The Eastern Ontario Development Fund

The Eastern Ontario Development Fund provides financial support to manufacturers across Eastern Ontario, with a focus on project-based investments primarily involving the implementation of new equipment and technology, significant job creation and product/process innovation

The Eastern Ontario Development Fund provides support for projects and investments to businesses, municipalities, and not-for-profit organizations for economic development in Eastern Ontario.

The Eastern Ontario Development Fund opens June 19th, 2025 to September 17th, 2025. 

Application Decision Date: December 11, 2025

Program Funding Amount

Business Projects:

• Loan: 15% to a maximum of $5 million; interest-free for project period (up to 4 years)
• Grant: 30% of the 15% loan, to a maximum of $500K, may be forgiven if targets are met

Rural Ontario:

• Grants of 15% to a maximum of $500,000

Strategic Projects – Foreign Direct Investment or Projects Facing Incentives from Competing Jurisdictions

• $1,500,000 grants available for strategic projects

Eligible Applicants

For businesses located in an eligible EODF region that meet the following criteria:

• 3 years of operations and financial statements (audited or reviewed)
• 10+ employees
• Create 5 new jobs (or 30% increase for those with fewer than 15 employees)
• Minimum Project Investment of $500K, or $200K for rural projects’
• Create 5 new jobs (or 30% increase for those with fewer than 15 employees)

Funding Process

1. Connect with Ayming to discuss your project and review your eligibility to apply.
2. Ayming will guide you through the next steps required to submit an application, including program outreach and application portal registration.
3. Utilizing a streamlined and collaborative process, Ayming will draft the full application on your behalf and support with any compliance requirements (e.g. submission of claims and reporting packages).

Program Objectives

Support to help growing companies in Eastern Ontario make investments to:

• Create jobs and build talent
• Attract private sector investment
• Business growth & economic impact
• Innovation, cluster development

Eligible Projects

• Equipment and new technologies
• Investment in new operations in Eastern Ontario
• Talent and training
• Investment in expansion, new products or services, new markets

Thinking of applying for financing? These funds are highly competitive, contact us today to get started!