Town of Cochrane Strategic Plan – Final Report October 2014
Assistance available from the NOHFC includes conditional contributions, forgivable performance
loans, and repayable loans. The maximum investment from the NOHFC does not exceed the lesser
of 50 per cent or $1 million, towards eligible project components.
Visit http://nohfc.ca/en/programs for more information.
10. Northern Business Opportunity Program - New Investment Projects
The Northern Business Opportunity Program supports the Growth Plan for Northern Ontario by
encouraging business productivity and expansion, and global investment in northern communities.
Eligible organizations include competitive businesses that currently do not have a presence in
Ontario, but that will expand operations to Northern Ontario and create jobs.
Ineligible projects, costs and activities include but are not limited to:
• Businesses already in Ontario.
• Mine development costs.
• Business plans.
• Milling operations.
• Strategic plans.
• Inventory.
• Feasibility studies.
• Ongoing operating costs.
• Land.
• Acquisitions and buy-outs.
• Rolling stock (e.g. cars & trucks).
• Electricity generation projects.
• Maintenance and administration.
• Mineral exploration.
NOHFC will provide assistance in the form of a conditional grant or a combination of a
conditional grant and term loan/incentive term loan on a case-by-case basis. Not all projects
meeting the program criteria outlined above will receive funding. Applications will be accepted
under this program until March 31, 2017. This is subject to change without any prior notice.
Visit http://nohfc.ca/en/programs for more information.
11. MTCU’s Ontario Targeted Wage Subsidy
The Ontario Targeted Wage Subsidy is designed to provide on-the-job work experience to
unemployed people who are eligible to receive Employment Insurance and are experiencing
difficulty in finding work. It is meant to enable employers to hire people who face barriers to
employment (people they might not otherwise hire) by offering temporary wage subsidies.
Organizations eligible to apply for the Ontario Targeted Wage Subsidy include:
• Businesses.
• Non-profit organizations.
• Municipalities.
• First Nations councils.
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