Community Enhancement Program — Enhance Your Community Stream
Highlights
This program is a fantastic opportunity for your business to enhance your community and support economic development. You can receive up to $2,000,000 in funding, covering up to 50% of eligible project costs. This financial support can help you make significant improvements, repairs, or renovations to your facilities, ensuring they remain valuable assets for years to come.
Key Benefits:
- Substantial Funding: Up to $2,000,000 available.
- Wide Range of Eligible Projects: From business retention strategies to construction and renovation of community assets.
- Support for Economic Development: Projects that improve the quality of life and respond to economic opportunities.
This funding is a conditional contribution, meaning you won't have to repay it if you meet the program's requirements. The application process is straightforward, and you can expect a response within 2 to 4 weeks. This program is designed to be accessible, making it easier for you to qualify and receive the support you need to make your project a reality.
Financing Details
Type of Financing: Conditional Contribution
Repayment Terms and Interest Rates:
- No repayment required if conditions are met.
- If assets financed are sold within three years of project completion, reimbursement may be required.
Eligible Expenses:
- Incremental improvements, repairs, and renovations to capital assets.
- Social and recreational facilities, municipal assets, and community halls.
- Business retention and attraction strategies.
- Projects identifying and implementing investment opportunities.
- Construction and renovation of capital assets supporting community economic development.
- Non-capital costs, technical expertise, and incremental project-related human resources.
Ineligible Expenses:
- Core infrastructure (roads, bridges, water, sewer).
- Administrative space or office buildings.
- Residential projects.
- Operating expenses, including routine and ongoing maintenance.
- Rolling stock, standalone equipment, and furniture purchases.
- Standalone studies (feasibility, engineering, strategy, etc.).
Fees:
- No application or processing fees.
Qualifications
- Must be located in Northern Ontario.
Must be one of the following:
- Municipality
- Indigenous community
- Not-for-profit organization
- Local Services Board
Disqualifications:
- Projects involving core infrastructure such as municipal public services (roads, bridges, water, and sewer)
- Projects involving administrative space or office buildings
- Residential projects
- Projects covering operating expenses, including routine and on-going maintenance
- Projects involving rolling stock
- Stand-alone equipment purchases
- Stand-alone furniture purchases
- Stand-alone studies (feasibility, engineering, strategy, etc.)
Description
The Enhance Your Community Funding Stream offers a great opportunity for your business. You can receive up to $2,000,000 to improve your community. This funding can cover up to 50% of eligible costs.
What can you use the money for?
- Improvements, repairs, and renovations to social and recreational facilities.
- Municipal assets and community halls that enhance community life.
- Economic development initiatives like business retention and attraction strategies.
- Construction or renovation of assets that support community economic development.
The funding is a conditional contribution, meaning you may need to repay it if the financed assets are sold within three years of project completion. This program is designed to help you make meaningful improvements that benefit your community and support economic growth.
Program Steps
Create Your Account:
- Visit the application portal.
- Fill out the registration form with your first name, last name, user name, organization name, email, and password.
- Confirm your email and password.
- Click "Register" to create your account.
Log In:
- Use your newly created credentials to log in to your account.
Complete the Application Form:
- Follow the onscreen instructions to fill out each section of the application form.
Prepare Documentation:
- Gather necessary documents, including:
- Financial statements
- Business plan
- Details of intended use of funds (e.g., quotes for improvements, repairs, or renovations)
- Evidence of alignment with a community or organizational plan
- Demonstration of the project's technical, managerial, and financial capacity
- Gather necessary documents, including:
Review and Submit Application:
- Carefully review all sections of your application.
- Ensure all required documents are attached.
- Click "Submit application" when ready.
Await Response:
- The NOHFC will review your application.
- You will hear back from them in 2 to 4 weeks.
