Rural Economic Development Program now accepting applications
Posted: January 26, 2023
Categories: Funding Opportunities / GoodFoodBites
A new intake for the Rural Economic Development program opened on January 23, 2023, and will close on February 23, 2023, at 5 p.m. ET.
Ontario’s Rural Economic Development (RED) program provides cost-share funding to support activities that create strong rural communities in Ontario, and opens doors to rural economic development through:
- funding assistance to address barriers to economic development, better position rural communities to attract and retain jobs and investment, and enhance economic growth
- funding to build community capacity and support for economic development in Ontario’s rural communities
- investments in rural communities to help diversify and grow local economies – making economic growth more inclusive so rural Ontario continues to share in the province’s economic prosperity
To be eligible for the program, you must be:
- a municipality
- a not-for-profit entity
- an Ontario Indigenous community or organization
- a Local Services Board
Funding Amounts
Economic Diversification and Competitiveness Stream: up to 50% of eligible project costs to a maximum of $150,000.
Strategic Economic Infrastructure Stream: up to 30% of eligible project costs to a maximum of $250,000.
Learn more on the province’s website here, including details on eligibility, program funding and application requirements.