Posts Tagged ‘loans’

Workshop- Grow Your Business with Government Funding

Are you a manufacturing, technology, or food processing company with operations in Canada?

Sourcing funding from SR&ED tax credits, government loans, and direct government incentive programs can help accelerate your company’s expansion.

Attend this workshop to learn from government funding experts about your eligibility for various funding programs and to learn how to secure funding from these opportunities.

Ideal for owners and executives who want to learn about:

  • Types of government funding opportunities;
  • Eligibility for financing, funding, and tax credits
  • How to apply for government funding
  • Optimizing your returns from multiple government funding programs

Event Details:

Speaker:
Gerry Fung, CPA CMA, P.Eng.
VP of Business Services at NorthBridge Consultants

Date & Time:
Thursday, September 21, 2017
2.00pm – 5.00pm

Location (pending venue confirmation):
Sheridan College – Hazel McCallion Campus.
4180 Duke of York Blvd, Mississauga, ON, L5B 0G5 (MAP LINK)

Tickets:
$99 (non refundable)

To register, please visit www.grantx.ca or call 416-524-7743/416-827-5189
Email info@grantx.ca or outreachforcecanada@gmail.com

 

Presented by Grantx Inc., NorthBridge Consultants, and Outreach for Canada.

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IBGP Supports Economic Growth and Job Creation in Southern Ontario

Small to medium-sized enterprises (SMEs) in Southern Ontario that have 15 to 1,000 employees and are looking to expand their markets and facilities, improve productivity, or increase business capacity globally should consider taking advantage of the Investing in Business Growth and Productivity (IBGP) loan program, administered by FedDev Ontario.

IBGP offers a repayable contribution to a maximum of $20 million or 25% of eligible project costs. Eligible activities include the adoption or adaptation of new technologies or processes and related skills development, as well as activities related to business opportunity development, growth, and integration in global value chains. Activities related to facilities improvement or expansion, market development and expansion, and business expansion to support greater economic diversification are also eligible. Eligible direct costs include labour, expertise, and non-capital and capital expenditures. Repayments will begin no later than one year following the completion of the project.

NorthBridge Consultants has experience with the IBGP application and will provide the necessary guidance at every step of this multi-phase process. Our team of business analysts and technical writers can assist with the completion of application information, the preparation of financial information, the creation of business plans and market analyses, the necessary liaising with government officials, and the required reporting after application submission.

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Cornwall Business Expands with Assistance From the Southern Ontario Fund for Investment in Innovation (SOFII)

Chalk up another victory for Canadian government funding as MPIQC expands its facilities with assistance from the Southern Ontario Fund for Investment in Innovation (SOFII) program. MPIQC is an electronics manufacturer that provides products and services for a vast assortment of clientele including space and satellite, military and defense contractors, communication firms, government, automotive speciality firms, and medical companies. They are based in a 85,000 square foot facility in Cornwall‘s Business Park. MPIQC was recently awarded funding to purchase new cutting-edge equipment and as a result, was able to create 15 new jobs. The company received a total of $1.2 million in loans, $500,000 of which came from SOFII. The remaining funds came from Community Ventures Capital Fund Inc. ($450,000) and the SD&G Community Futures Development Corporation ($250,000).

“This combined investment will assist us in taking MPIQC to the next level,” said Claude Girard, President and COO of MPIQC. “Our company is growing and so is the need to update our equipment. Because of the support of these investing partners MPIQC now has the latest technology to increase its productivity and compete on the global scene.”

SOFII is a $20-million program run through FedDev’s Prosperity Initiative and provides interest-bearing business loans of up to $500,000 which are aimed at supporting high-growth, innovative Small and Medium-sized Enterprises (SMEs) in knowledge-based industries.

SOFII

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