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Northern Ontario Heritage Fund Corporation (NOHFC) “ Prosperity for Northerners”
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Prosperity for the North NOHFC Programs for Business Growing Jobs Enterprises North Job Creation Program Youth Northern Ontario Youth Internship and Co-op Program Northern Ontario Young Entrepreneur Program Energy Conservation Opportunities Small Business Energy Conservation Program Support for Emerging Technology Emerging Technology Program
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Prosperity for the North Enterprises North Job Creation Program Who is Eligible New and existing enterprises that will create jobs in Northern Ontario. What is Eligible Capital construction costs, leasehold improvements, purchase of new or used equipment/machinery and intellectual capital that results in job creation in Northern Ontario. Type of Assistance Repayable Loans. NOHFC assistance to any one project generally will not exceed 50% of eligible capital costs up to $1 million.
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Prosperity for the North Northern Ontario Youth Internship and Co-op Program Who is Eligible A wide range of both private sector and public sector employers located in Northern Ontario. What is Eligible Co-op placements and internships. Type of Assistance Conditional contributions.
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Prosperity for the North Northern Ontario Youth Internship and Co-op Program Co-op Placements NOHFC funding generally will not exceed 50% of a wage subsidy to a maximum of $6.00 per hour to hire post-secondary students from Northern Ontario. Internships NOHFC funding generally will not exceed 50% to a maximum of $27,500 annually for private sector employers to hire recent college and university graduates from Northern Ontario.
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Prosperity for the North Northern Ontario Young Entrepreneur Program Who is Eligible Residents of Northern Ontario 18 to 29 years old (inclusive) who are planning on starting their own business in the North. What is Eligible Capital costs related to starting a new business such as office furniture, fixtures and equipment. Type of Assistance Conditional contributions. Funding NOHFC assistance generally will not exceed 85% of eligible costs up to $25,000.
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Prosperity for the North Small Business Energy Conservation Program Who is Eligible A wide range of new or existing small to medium sized enterprises that have fewer than 100 employees. What is Eligible Energy retrofit planning, energy retrofit projects and new internal energy generating projects. Type of Assistance Conditional contributions.
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Prosperity for the North Small Business Energy Conservation Program Energy Retrofit Planning NOHFC funding generally will not exceed 50% of eligible costs up to a maximum of $25,000. Energy Retrofit Projects NOHFC funding generally will not exceed 50% of eligible costs or $7.50 per gigajoule of savings up to a maximum of $250,000. New Internal Energy Generation Projects NOHFC funding generally will not exceed 50% of eligible costs up to a maximum of $250,000.
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Prosperity for the North Emerging Technology Program Who is Eligible Private sector companies or consortiums of companies. What is Eligible Information & communications technology sector projects, centres of excellence, film development & production, value-added products and biotechnology & life sciences projects. Type of Assistance The private sector component is repayable loans.
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Prosperity for the North Emerging Technology Program Private Sector Emerging Technology Generally, up to 33.3% for capital projects in the form of repayable loans normally not to exceed $1 million. Also, the NOHFC may provide up to $50,000 non-repayable contributions for research and developmental technical projects.
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Prosperity for the North Application to NOHFC’s New Programs Application forms are available on the NOHFC website at www.nohfc.com or may be obtained from Government Information Centres, Ministry of Northern Development and Mines offices, in Dryden - Serge Cossais, 223-8501, or the NOHFC. All applications must be completed and submitted to the NOHFC.
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