Rural Economic Development Program Opens for New Applications
Published on 19 October 2015
Ontario is providing rural communities, businesses and organizations, with funding to help attract investment, create jobs, and boost tourism, through a renewed Rural Economic Development (RED) program.
The RED program is now open and is accepting applications on the following dates:
- October 2, 2015 to January 15, 2016
- January 16, 2016 to April 15, 2016
- April 16, 2016 to July 15, 2016
- July 16, 2016 to October 15, 2016
- October 16, 2016 to January 15, 2017
The renewed program will now have two streams for applications: a Community Development Stream and a Business Development Stream. For projects to qualify under either stream, applicants must demonstrate how their project benefits rural Ontario.
Support for municipalities and not-for-profits remains largely unchanged and will fall under the Community Development Stream. The ministry has made changes for business applicants through the Business Development Stream, which includes a cost-share of up to 20 per cent, to a maximum of $1 million per project.