Financial Assistance and Incentives

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:
  • Study and/or Predevelopment Costs
  • Building and/or Property Improvements
  • Tax and/or Development Charge Relief 

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

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

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 
  • CTAF - provides up to a maximum of $10,000 to acquire digital technology and e-business and marketing solutions.
  • The Business Technology Improvement Fund (BTIF) - provides 50 percent of the total project cost to assist businesses to become early adopters of digital technology and innovation including the redesign of business models and processes to improve operations and competitiveness.
  • Founders Circle - $10,000 winner-take-all prize to be awarded to an individual or group with an innovative idea that will help improve the local economy.
  • Broadband Internet for Remote Areas (BIRA) - NEOnet will assist businesses with connectivity to high-speed technology that is available by terrestrial wireless services or upgrades to existing Ku-Band or Ka-Band to new technologies. 
YMCA - Wage Subsidy Program

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

MaRS Investment Accelerator Fund (IAF)

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.

Summer Company Program

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

Canada Small Business Financing Program

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. For more information download their PDF pamphlet or click here to find a lender near you

 Ministry of Tourism, Culture and Sports

Supports the delivery and marketing of high quality tourism and cultural experiences to Ontarians and visitors to Ontario through information, resources and funding, including:

Business Development Bank of Canada

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.

IION - Innovation Initiatives Ontario North

Works with high-potential innovative entrepreneurs and established businesses at all stages of innovation; idea through to commercialization and scale.

 MentorWorks Ltd

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.

 Industrial Research Assistance Program

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. 

 Canada Business Network

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:

Eastern Ontario Development Fund - Business Stream

The Eastern Ontario Development Fund gives money to businesses, municipalities and not-for-profit organizations for economic development in eastern Ontario.

  • Small Community Program: Businesses with 5-10 employees located in small communities may be eligible for funding from the Small Community Program.
  • Business stream provides up to 15% of eligible project costs for a maximum grant of $1.5 million.
  • Regional stream provides up to 50% of eligible project costs for a maximum grant of up to $1.5 million.

FedNor (Northern Ontario Development Program)

Program funding for projects that support community economic development, business growth and competitiveness, and innovation. 

 Futurepreneur Canada

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.

Magnet Student Work Placement Program (SWPP)

Magnet Student Work Placement Program (SWPP) is a wage subsidy program for up to $7,500 to hire a post-secondary student for an eligible work-integrated learning placement. Each eligible placement is at a rate of 75%.

Co-operative Education Tax Credit

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.

Canada Summer Jobs

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.

Canada-Ontario Job Grant

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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