Grants & Programs

Digital Transformation Grant, business financing, funding for hiring, and municipal grants and funding.

DIGITAL MAINSTREET

FINANCING

Downtown Development Loans

The Community Development Corporation of Sault Ste. Marie & Area (CDC) and the Sault Ste. Marie Economic Development Corporation (SSMEDC) have partnered to offer a special loan fund to help stimulate economic activity in the Downtown Core, as defined by the City of Sault Ste. Marie’s Downtown Improvement Plan Area. The map below shows the eligible area.

Amount of Support:

• Maximum support of $100,000

• Repayable loan, with flexible payment terms

• A portion may be forgiven if the business maintains operations downtown and has achieved job creation/sustainment targets.

 Eligible Businesses:

• Existing business, currently located downtown

• Existing business, relocating to the downtown

• New business, to be located downtown.

• Pop Up shop, to be located downtown (max support $20K).

Eligible Costs:

• Start up Costs

• Relocation Costs

• Inventory

• IT Upgrades

• Equipment

• Renovations

• Working Capital

For more information, contact 705-942-9001

To apply visit here

BDC Equipment Purchasing Financing

BDC helps Canadian businesses invest in equipment to expand and modernize operations, or replace outdated machinery so that they can increase production and fuel their growth.

Learn More Here.

FUNDING FOR EQUIPMENT UPGRADES

Save on Energy Small Business Program

Drive your business forward with Save on Energy incentives of up to $2,000 for eligible lighting equipment and up to $2,500 for eligible non-lighting equipment.

The Save on Energy Small Business program is designed to help small businesses across Ontario make equipment improvements to reduce their energy consumption, at no cost. Leveraging the success of the former Small Business Lighting program, this new and improved program offers small businesses direct-install incentives on an expanded range of equipment – both lighting and non-lighting. An investment in energy-efficient equipment upgrades is an investment in enhancing your customers’ experience, employee satisfaction and your bottom line. Save time and money when you participate in the Small Business program.

Learn More Here.

FUNDING FOR HIRING

Hire A Young Person

Hire a young person through Employment Service, Youth Job Connection or Youth Job Connection Summer – see how these programs can benefit you as an employer and learn more about new financial incentives for small businesses.

Learn More Here.

Workforce Development Stream

The intent of the Workforce Development Stream is to strengthen and develop Northern Ontario’s workforce through business partnerships by offering internships.

Learn More Here.

Canada-Ontario Job Grant

Canada-Ontario Job Grant (the Job Grant) provides an opportunity for employers to invest in their workforce, with help from the government.

The Job Grant will provide direct financial support to individual employers who wish to purchase training for their employees. It will be available to small, medium and large businesses with a plan to deliver short-term training to existing and new employees, and will:

• Provide up to $10,000 in government support per person for training costs.

• Require employers to contribute one-third of the total costs. There will be additional flexibility for small businesses to provide an in-kind contribution towards their share of the costs.

• Require training to be delivered by an eligible, third-party trainer.

Learn More Here.

MUNICIPAL GRANTS AND FUNDING