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Saturday, October 29, 2011
Ontario Food Company Funding Opportunities!
Where to Get Funding and Support:
Ministry of Agriculture, Food and Rural Affairs-Ontario, posted the following list of key funding,and support programs of interest to people in the food business Their list includes federal, provincial and municipal programs as well as some programs offered by utilities providers. Contact information is included for each of the programs. Please contact them directly for program details and/or clarification. Here is the list of programs applicable to our rural area.
- OMAFRA's Business Development Branch can help you grow your food and beverage processing business. Contact a Business Development Consultant for assistance.
Workforce Development
- Apprenticeship Training Tax Credit Ontario: (PDF 109 KB): Companies that hire and train apprentices in certain skilled trades, including millwrights and process operators can receive a tax credit from the Ontario government
- Apprenticeship Job Creation Tax Credit Federal: (PDF 89 KB): This is a federal incentive program designed to help employers offset the cost of hiring and training employees who have entered into an apprenticeship contract.
- Career Bridge: (PDF 84 KB): an innovative program for employers seeking qualified workers and for recent immigrants seeking professional level positions in their fields of expertise.
- First Job Initiative - Ontario Centres of Excellence: (PDF 80 KB): OCE's First Job Initiative helps Ontario companies hire knowledgeable, highly-skilled graduates from Ontario colleges and universities. Employment opportunities are in research and development with the goal of developing new products, services and processes.
- Job Connect: (PDF 75 KB): an employment service designed to help eligible businesses meet their hiring needs and reduce payroll costs.
- Opportunities Ontario: Provincial Nominee Program (PNP): (PDF 77 KB): an immigration program which is designed in part to assist employers who are having difficulty recruiting qualified, skilled workers in Ontario.
- Ontario Co-op Education Tax Credit: (CETC): (PDF 88 KB): The Co-operative Education Tax Credit (CETC) is a refundable tax credit available to employers who hire students enrolled in a recognized Ontario university or college co-operative education program.
- Sector Initiative Fund: a funding program designed to help industry sectors and organizations to develop training programs, materials and standards for their workforces.
- Small Business Internship Program(SBIP): (PDF 79 KB): Industry Canada's SBIP provides small and medium-sized businesses with up to $10,000 to hire a post-secondary student to implement e-business (internet-based) strategies for greater productivity and competitiveness.
- Youth Employment Strategy (part of Industrial Research Assistance Program: food manufacturing companies that are looking to develop new products or improve their technical production processes may qualify for funding to hire an intern through the Industrial Research Assistance Program (IRAP). This program provides financial assistance to innovative Canadian Small and Medium-sized Enterprises (SME's) to hire post-secondary graduates to work on innovation projects.
Business Development
- AgriProcessing Initiative (API): (PDF 96 KB): this program,part of the federal Agricultural Flexibility Fund, is a five-year, $50 million initiative designed to enhance the competitiveness of the agri-processing sector in Canada.
- Canadian Agricultural Adaptation Program: (PDF 115 KB): The Canadian Agricultural Adaptation Program (CAAP) is a five-year (2009-2014), $163 million program with $28.1 million assigned to Ontario projects.
- Canadian Dairy Commission's Matching Investment Fund (MIF): (PDF 82 KB): MIF is a three-year, $6 million fund designed to encourage growth and innovation in the manufacture and use of Canadian dairy products and ingredients.
- Export Market Access: A Global Expansion Program (EMA): (PDF 163 KB): The Export Market Access is a $5 million initiative designed to help small and medium-sized enterprises increase their access to global markets.
- Guelph Food Technology Centre (GFTC) Sustainability Services: (PDF 99 KB): A program to help food and beverage manufacturers reduce their environmental impact, boost productivity and cut costs.
- High Performance New Construction Program (HPNC): (PDF 125 KB): The HPNC Program was developed to encourage the design and building of facilities that reduce the use of kilowatt hours of energy.
- Ontario Market Investment Fund (OMIF): (PDF 124 KB): The Ontario Market Investment Fund is a $12 million, four-year fund targeted to promote consumer awareness of Ontario-produced foods and encourage Ontarians to buy locally.
- Rural Economic Development Program (RED): (PDF 136 KB): A financial support program to help rural communities thrive and grow. It supports projects that remove barriers to community development and economic growth.
- Small Project Accelerated Review Process (ARP): (PDF 78 KB): The Small Project Accelerated Review Process (ARP) provides grants of up to $50,000 to allow small and medium-sized businesses to address technology, business and market-oriented needs. The grants cover 75 per cent of consulting costs and 100 per cent of internal labour.
- Food Safety and Traceability: We are helping the sector respond to heightened consumer awareness of food safety by supporting the adoption of practices that enhance food safety on farms and in the food and beverage processing industry.
Research and Development Programs
- Industrial Research Assistance Program (IRAP): financial support and "consulting" services to Canadian companies in all industry sectors to encourage innovative products, processes and technology.
- Scientific Research and Experimental Development Tax Incentive Program(SR&ED): a federal tax incentive program to encourage Canadian businesses of all sizes and in all sectors to conduct research and development in Canada that will lead to new, improved, or technologically advanced products or processes.
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