There are a number of financial assistance programs and funding streams to assist businesses and property owners to renovate, redevelop or find capital to start or expand.
Municipal Programs
| Community Improvement Plan for Downtown Gravenhurst |
The Community Improvement Plan is a municipal grant program to assist business and property owners in the downtown core. Funding has been made available for projects related to:
The program was designed to offer maximum assistance to those investing in their business and property. Grants can be used together to assist with costs throughout the redevelopment process and in the years following completion. |
| Zero Commercial & Industrial Development Charges |
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The Town of Gravenhurst is working hard to be the best place to do business. In an effort to be business-friendly, we are offering Zero Municipal Development Charges on new and existing Commercial and Industrial Developments. To further assist, the District of Muskoka has also significantly reduced their non-residential development charges. To learn more about development charges, visit our Development Charges page. |
| Win This Space! |
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This contest was administered by the Gravenhurst Business Improvement Area and awarded the winner a year's worth of Free rent for a new storefront in Downtown Gravenhurst. While this program is not currently active, keep your eyes open for what's coming next! |
Regional Programs
| Muskoka Futures (Community Futures Development Corporations) |
| Muskoka Futures is a community not-for-profit organization fund by Fednor that support local businesses through business start-up and development coaching, financing, professional development training and mentorship programs. |
| Veridian Connections Retrofit Program |
| Veridian Connections offers a Energy Efficiency Grant Program for Commercial and Industrial businesses to assist with up to 50% of the cost to upgrade lighting, HVAC, operational processes related to energy management, etc. |
| Parry Sound Muskoka Community Network |
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| YMCA - Wage Subsidy Program |
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YMCA Wage Subsidy Program is designed to support employers who help unemployed workers enter or re-enter the workforce and maintain employment, employers may receive financial support for on-the-job training, including apprenticeship training, and work experience opportunities. |
Federal, Provincial and Private Lender Programs
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MaRS Investment Accelerator Fund (IAF) |
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MaRS Investment Accelerator Fund targets seed stage investors in Ontario, investing in IT, health and clean tech companies. Up to $500,000 for early-stage companies and up to $250,000 for Youth IAF. |
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Summer Company Program |
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The Summer Company Program provides up to $3,000 to young entrepreneurs between 15 and 29 years old start and run their own summer business. This program is administered by the Muskoka Small Business Centre |
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Canada Small Business Financing Program |
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Need financing? The Canada Small Business Financing Program makes it easier for small businesses to get loans from financial institutions by sharing the risk with lenders. |
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Ministry of Tourism, Culture and Sports |
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Supports the delivery and marketing of high quality tourism and cultural experiences to Ontarians and visitors to Ontario through information, resources and funding, including: |
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Business Development Bank of Canada |
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The Business Development Bank of Canada (BDC) promotes entrepreneurship by providing financing, consulting and venture capital services to Canadian Entrepreneurs, with special focus on small and medium sized enterprises. |
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IION - Innovation Initiatives Ontario North |
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Works with high-potential innovative entrepreneurs and established businesses at all stages of innovation; idea through to commercialization and scale. |
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MentorWorks Ltd |
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The Mentor Works team have a wealth of knowledge and expertise in Canadian government funding. Our team works directly with clients to discover solutions customized to their industry and current business challenges. |
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Industrial Research Assistance Program |
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The National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP) provides technical and business advisory services and potential funding to SMEs in Canada to develop technologies and successfully commercialize them in a global marketplace. |
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Canada Business Network |
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The Canada Business Network provides aspiring entrepreneurs and small businesses with the resources needed to grow and prosper, including a wide range of information on Government services, programs and regulations, including: |
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Eastern Ontario Development Fund - Business Stream |
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The Eastern Ontario Development Fund gives money to businesses, municipalities and not-for-profit organizations for economic development in eastern Ontario.
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FedNor (Northern Ontario Development Program) |
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Program funding for projects that support community economic development, business growth and competitiveness, and innovation. |
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Futurepreneur Canada |
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Futurepreneur provides collateral-free loans at better interest rates than most banks. But we can't do it alone. We're able to finance up to $15,000 per business. |
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Co-operative Education Tax Credit |
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The Co-operative Education Tax Credit is a refundable tax credit of a maximum of $3,000. It is available to employers who hire students enrolled in a co-operative education program at an Ontario university or college. |
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Canada Summer Jobs |
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Canada Summer Jobs provides funding to not-for-profit organizations, public-sector employers and small businesses (50 or fewer employees) to create summer job opportunities for full-time students aged 15 to 30 years. |
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Canada-Ontario Job Grant |
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The Canada-Ontario Job Grant provides 2/3 of the cost, up to $10,000, in government support per employee for training costs to small or medium-sized businesses (50 or less employees). |
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