Have questions about reopening? The employee needs to provide care to a person for a reason related to COVID-19 such as a school or day-care closure. At the end of this article there's a snazzy infographic that summarizes all 28 sources, Business/Market Development (including working capital, exporting, etc. Topics in this Article: Employment and LabourTaxes. If someone refuses to wear a mask, the business owner is responsible for removing that person from the premises. There are many types of private funding sources available to Ontario businesses. This may be a friend or family member, or, as mentioned, a network of angels. We’ve listed them below based on the stage of business development: Private Funding for New ONTARIO Businesses: “Angels” are individuals (or networks of individuals) who invest their own money in your business. If you are unsure if your business should be open, please call the Stop the Spread Business Information Line at 1-888-444-3659.

Ontario Provincial Government’s Novel Coronavirus (COVID-19) Res… Ontario has extended job-protection for employees unable to work because: The protections are retroactive to January 25, 2020. These cool-sounding organizations are collaborations among for-profit businesses, non-profit groups, and educational institutions that help start-ups with groundbreaking ideas in cutting-edge industry sectors. Release a plan, with dates and sectors, for the next phases for reopening the provincial economy, Provide WSIB rebates this year so that surplus funds are returned to the employers who paid them, Eliminate burdensome red tape to help businesses recover. Any business evicted within that time frame but before legislation is passed will see their eviction overturned. Nominations and how to participate available here. Wilmington, Delaware businesses can apply for grants of up to $1,000 until funds run out if they are not AirBnBs, corporate or franchised establishments, check cashing businesses, or property management or insurance companies. advice). Examples of Ontario venture capital firms include: Private Funding for Established ONTARIO Businesses: These platforms are an online funding source that match people who want to lend money with small businesses that need loans. © 2020 Canadian Federation of Independent Business. These groups look to fund start-ups that have innovative ideas in their sector. The information you need to run your business changes rapidly, and it can be hard to keep track and make sense of it all. In order to relieve some of the pressure on small businesses such as yours, we are gathering all the information you need about government services and supports in Ontario and putting it in this one location. Applicants must be owned by someone of a low or moderate income household; or employ people who make low or moderate incomes. The next round of applications is September 8-15. The COVID-19 pandemic has resulted in uncertainty and anxiety for businesses and their employees. You can find the guidelines for your sector here. Here’s a sample of federal government loans for Ontario businesses: Many tax credits provided by the federal government help Ontario businesses defray the cost of hiring and research & development.

Sector councils are HR-focused and work towards improving the labour force in their particular sector. Examples of crowdfunding platforms available to Ontario businesses include: Private Funding for Early Stage ONTARIO Businesses: Accelerators are the next step after the incubator stage. Municipalities in Ontario offer support to businesses mainly through: Small Business Enterprise Centres. ), Federal Grants for the Agricultural Sector in Ontario, Federal Grants to Support Technology that Helps Canadians with Disabilities, Federal Grants to help Ontario Businesses Improve Energy Efficiency, Federal Grants to Help Ontario Businesses Increase Exports, Federal Grants to Support Research & Development, Federal Loans for Ontario Agricultural Producers, Federal Loans for Exporters & International Business Activities, Federal Loans for Ontario Young Entrepreneurs, Federal Loans for Purchase of Equipment & Other Assets, Federal Loans for Working/Operational Capital, Canadian-controlled film companies can apply for the, Ontario Provincial Grants for Starting a Business, For students looking to start a summer business, the, FedNor will help businesses with funding to, ​Ontario Provincial Grants Specifically for Northern Ontario Businesses, NOHFC (Northern Ontario Heritage Fund Corporation) gives funds to Northern Ontario businesses seeking to, When seeking a business loan and grant combination, the NOHFC has a program called, Ontario Provincial Grants Specifically for Southern Ontario Businesses, FedDev provides funding for innovation and growth of businesses in Southern Ontario, including those seeking to commercialize innovative products, technologies, and processes with the, Ontario Provincial Grants Specifically for Eastern Ontario Businesses, ​Ontario Provincial Grants Supporting Early-Stage Technology, Ontario Provincial Tax Credit for Hiring and Labour Costs, Ontario Provincial Tax Credit for Research & Development, Private funding for new Ontario businesses, Private funding for early stage Ontario businesses, Private funding for established Ontario businesses, Examples of Aboriginal business development corporations in Ontario include. The Ontario government, in partnership with the federal government, invested $57-million into the Digital Main Street platform to support three new programs to help small businesses with their online presence. Your email address will not be published. Entrepreneurs need to apply to get into an accelerator program. Foundations are usually very specialized, focusing on a specific purpose, sector, etc. The first BIA was created in 1970 in Toronto, and there are now more than 270 across the province. click here to go straight to the infographic, Government Funding Sources for Ontario Businesses, Private Sector Funding Sources for Ontario Businesses, Non-Profit Funding Sources for Ontario Businesses, Coronavirus Survival Guide for Ontario Businesses: Current Government Programs, Business Discounts & More. Businesses within the South Lake Union (SLU) neighborhood of Seattle can apply for emergency relief grants from the SLU Chamber of Commerce.
Examples of Ontario accelerators include: Venture capital firms make equity investments in new and early-stage businesses (as opposed to private equity firms, which tend to invest in established businesses). Required fields are marked *. We encourage you to check in with you local public health unit for the latest information. You can find a directory of Ontario chambers of commerce on the Ontario Chamber of Commerce website. To that end, the Government of Ontario provides grants for starting a business, hiring, training, capital investment, and more. "Local microbusinesses, solo practitioners, and entrepreneurs" in Phoenix can apply for a grant of up to $5,000 if they have five employees or fewer and lost 25 percent of their sales due to the pandemic, with a few other requirements. Funding is intended to help applicants manage new and emerging needs by building programs and services and by expanding organizational capacity. The employee is in isolation or quarantine. We're here to help your business navigate the novel coronavirus crisis. To determine if your business can be open, check out the provincial guidelines. These groups may lobby government on the sector’s behalf, provide guidance on funding for businesses in their sector, and more. Here’s a small sample of the business loans offered by the Ontario provincial government: Like federal tax credits, Ontario provincial tax credits target hiring, R&D, and other purposes.

His current focus is helping small businesses in Ontario to identify and maximize government grants to grow their business. Lathrop, California businesses with between three and 20 employees that are not real estate, liquor, cannabis, and a few other verticals can apply for grants of up to $5,000. Below we list the utilities and link to their energy efficiency programs (if they have one). Businesses can take advantage of grants, loans, and in-kind support (e.g. Please note that all sectors allowed to reopen must do so under strict health and safety guidelines. You cannot apply for funds for more than two locations and must make less than $1 million in revenue. Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. Links to Energy Efficiency Programs of Ontario Utilities. We will continue working with governments to ensure additional relief measures become available for your business as the situation evolves. Think carefully about what type of private funding is best for your situation. The biggest program in Ontario is probably Save On Energy, which is run by the Independent Electricity System Operator (IESO), the Crown corporation responsible for operating the province’s electricity market. While BIAs don’t offer the financial programs that the federal and provincial governments do, they support local business through events, planning, and advocacy. These centres are focused on tech start-ups and provide workspace, mentoring, and access to funding. Cash Flow Small-Business Grants for Companies Hit by Covid-19 Here are the grant programs that could help keep your business afloat during the coronavirus crisis. When seeking funding from the private sector, understand that some of these funds are grants that you don’t have to pay back, some are loans that you do have to pay back, and some will be given in exchange for a partial ownership stake in your company (i.e.
Most of Ontario has entered Stage 3 of the province's economic reopening plan.

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