Are you a growing company that employs high-skilled trades? The Ontario Government is issuing a $2000 Employer Signing Bonus for the hiring of new employees in high-skilled trades. The grant was created to encourage the registration of new apprentices and promote training of trade workers in the industry. Requirements The employer must be a registered…
Research and development efforts are a resource-intensive activity. A common hurdle faced by Ontario small businesses is the lack of capital needed to carry out research and development efforts. The MITACS Accelerate program aims to solve this by creating partnerships between Ontario businesses and universities. By combining resources through partnerships, both parties can realize a…
Local food producers in Ontario are receiving backup by the Ontario Government. A funding initiative called The Ontario Market Investment Fund (OMIF) seeks to promote consumer awareness of local food, encouraging consumers to buy locally. Who is eligible? The funding initiative covers companies along the Ontario food supply chain, as well as organizations that focus…
Please Note: Many of the programs listed in this article have closed since the blog’s original posting. To explore Canadian government funding programs currently available, please browse our small business funding directory. Operations managers of energy companies are constantly looking for ways to reduce costs and maximize operational efficiencies within their companies. The following seven…
Are you looking for help financing your business, but having difficulty covering the expenses through conventional financing channels? There are several regional funding resources at your disposal to aid your business. These development programs aim to help businesses and create jobs to help the local economy. We, here at Mentor Works, have outlined a few…
Do you need help financing new business initiatives? Governmental tax credits can help your company grow, while keeping your debt-to-equity ratio under control. Mentor Works has compiled a few great tax credit programs that can help your business thrive: Apprenticeship Employer Signing Bonus This is a great tax credit to help you expand your human…
Did you know that businesses in Ontario are able to receive up to $3000 in tax credits to help with the hiring of a post-secondary co-op student? The Ontario Ministry of Revenue provides businesses with a tax credit for up to $2000 and small businesses with a tax credit of up to $3000. The size…
The technology sector is advancing at blazing speeds. It is becoming increasingly difficult to stay competitive with the increasing amount of innovations, especially for small businesses. Ontario businesses are being offered an opportunity to shave off some human resource expenses with the Ontario Centres of Excellence’s First Job program. Similar programs with funding available include…
If you are an information technology company looking to expand your human capital, the Information and Communications Technology Council’s (ICTC) Career Focus Program can help. What is it? The Career Focus Program was created to encourage the hiring of recent IT graduates by providing the employing company with a wage subsidy. The subsidy covers 1/3…
The CME have released an update on available funding for 2011 – the Provincial Government of Ontario has decided not to recapitalize funding of the program in 2011 after the $4.2M that was awarded in February 2011. The dedicated funds will instead be utilized to eliminate deficit and bolster healthcare and education. It is not…