This program provides up to 50% coverage of an intern's salary, easing the financial burden on your business while allowing you to tap into fresh talent. Hiring an intern can bring new ideas and energy to your team, ultimately enhancing productivity and innovation. By participating, you're not just benefiting your business—you're also helping to strengthen the local workforce and foster community growth.

Here’s what’s in it for you:

• Cost Savings: Use this grant to bring on skilled individuals without the full financial commitment.
• Flexibility: There are no strict revenue or employee limits, making this opportunity accessible for businesses of all sizes.
• Talent Development: Invest in interns who can align with your needs and grow with your company.

With this support, your business can grow, increase efficiency, and contribute positively to Northern Ontario's labor market. Engage with the community while building a brighter future for your business!

Type of Financing
This program offers a grant. Grants do not need to be repaid, which makes them a fantastic option for business owners looking for financial support.

Repayment Terms and Eligible Expenses
There are no repayment terms or interest rates, since it's a grant. The funds can cover up to 90% of an intern's salary for municipalities, Indigenous communities, and not-for-profit organizations. For businesses, the coverage is up to 50%. Eligible expenses primarily include the salaries of interns that you bring on board to help grow your business and enhance your workforce.

Restrictions and Fees
The grant funds cannot be used for anything outside of the specified intern salaries. There are no hidden fees associated with this program, making it a straightforward way to invest in your workforce without unexpected costs.

• Location: Must operate in Northern Ontario.
• Business Type: Open to businesses, municipalities, Indigenous communities, and not-for-profit organizations.
• Operational Duration: Must have operated for at least one year.
• Employee Requirement: Must have a minimum of one full-time employee.
• Employee Count: No maximum number of employees required.
• Revenue: No minimum or maximum revenue qualifications.
• Legal Structure: All legal structures are applicable.
• Profit Structure: All profit structures are acceptable.

Disqualifiers:

• Businesses that have not been operational for at least one year.

The Workforce Development Stream grant provides a fantastic opportunity for your business in Northern Ontario. You can receive up to 50% of an intern's salary covered by the program. This means you can bring on fresh talent without the full financial burden. It's a great way to enhance your team and help develop the local workforce at the same time.

This funding is designed to encourage collaboration between businesses and internships, helping foster a stronger community. You can use this grant to invest in talent that aligns with your business needs, all while contributing to workforce growth in your area.

There are no strict limitations on revenue or employee numbers, making this an inclusive option for many. The flexibility of the program allows you to focus on what matters most—growing your business and developing your team without excessive financial strain.