EODP contributions for Innovation Projects

At this time, the application intake for the Eastern Ontario Development Program is now closed.

Eastern Ontario Development Program (EODP) Applications are now being accepted for EODP non-repayable contributions for Business and Community Innovation Projects starting after April 1, 2018. Recover up to 50% of eligible costs. Projects must be completed prior to October 31, 2018. Follow the link in the Quick Menu and for more information contact Melanie Wright, Project Manager at 613 332-5564 ext. 210 today.

Community Futures Development Corporation of North & Central Hastings and South Algonquin will have access to to funding through Federal Economic Development Agency for Southern Ontario (FedDev) to:

  • Promote the growth of local businesses
  • Advance community-led economic development to enhance and diversify our local economy
  • Create, new sustainable jobs in North & Central Hastings and South Algonquin

Through the Eastern Ontario Development Program (EODP) Community Futures will support:

  • Existing businesses & social enterprises to expand markets and increase # of sustainable jobs
  • Businesses, organizations and post-secondary institutions undertaking research & development that will result in the development of new products and services
  • Industry sector projects leading to growth

Funding Streams (see more details below)

  • Business Development - open to individual registered businesses or not for profit organizations representing the interest of business
  • Community Innovation – open to registered not for profits, municipalities, community economic development organizations, aboriginal organizations and post-secondary institutions

Eligibility

  • Applicant must provide 50% cash contribution to project
  • Must be a registered business or organization within our CFDC catchment area
  • Must complete an application providing detailed project description , clear measurable impact targets within funding timeline and a copy of most recent fiscal year financial statement
  • Single year requests must have projects completed normally by January 1st / Multi-year must provide detailed budget for each year (April-March) and be completed by December 31, 2018
  • Community Innovation projects must have a minimum of 2 contributing partners
  • Must consent to acknowledgment of federal funding, if approved

Ineligible

  • Core operating costs, Websites, Municipal infrastructure, Buildings, Entertainment Costs & Events

Limits

  • Maximum of $100,000 per project (approval amounts will be determined by EODP committee)

EODP- BUSINESS DEVELOPMENT

Components:

  • Planning– eligible costs relating to hiring outside expertise to develop plans based on increased productivity, market expansion, and or succession planning
  • Research and Development- eligible costs associated with innovation / product development
  • Implementation– eligible costs relating to the implementation of productivity plans & market expansion plans, workforce training plans (relating to new projects)

EODP – COMMUNITY INNOVATION

Components:

  • Strategic Planning and research– eligible costs related to local economic development plans and research
  • New Development– eligible costs relating to the development of new business sectors, industry cluster development and expansion and business incubation / mentorship / succession planning
  • Community Economic Development Projects– eligible costs relating to CED projects benefiting multiple communities that reflect community support & contributing partnerships (min of 2) meet Fed Dev EODP project priorities and have direct measurable impact within the funding timeframe

EODP Application Forms

Please find the links below to our current EODP application form. The form is available in two file formats - as a Microsoft Word (.docx) document and as a fillable .pdf

Completed applications (with attachments) can be mailed, faxed, emailed or dropped in to the Bancroft office. Please note that we always recommend speaking to CFDC staff prior to completing an application.

For more information, please contact Melanie Wright

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*Note: For fillable .pdf functionality, after the application form opens in your browser, it may need to be opened by your desktop .pdf software (ex: Adobe Reader).

Through Government of Canada funding, Community Futures provides access to capital.

Small Business and Social Enterprise clients can apply for financial assistance from the CFDC for up to $150,000, if they have been unable to receive adequate assistance from their Bank, Trust Company or Credit Union. Clients are invited to review all available resources within our office. Please contact our office between the hours of 8:30 a.m. and 4:30 p.m., Monday-Friday if we can be of assistance.

NEW! Loans of up to $250,000 can now be made available under certain circumstances - contact out office to learn more.

Business Information, Advice & Resources

Community Futures is very involved in offering SME's (Small & Medium Sized Enterprises) and Social Enterprises information, advice and resources when starting, expanding or maintaining their business. This can involve assisting with the completion of a business plan, budgeting, marketing and in-depth accounting and processes.

In addition to one-on-one assistance, Community Futures offers seminars, frequently in partnership with other organizations such as Chambers of Commerce, the Small Business Centre and financial institutions, to provide information and training on such topics as e-business, marketing, board governance, leadership skills and customer service.

In creating our community economic development strategy, the questions are:

  1. What offers the best opportunities for our community and our people?
  2. How can we make those opportunities better?

Keeping these two questions in mind, CFDC has addressed the principles that:

    • Small Business will continue to be the main creator of employment opportunities

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