Rural Economic Development Fund (RED): OMAFRA
Receive up to $150K to $250K in Grant Funding.
The Rural Economic Development Fund (RED) supports regional economic development activities in rural southern Ontario communities. The program currently focuses on non-profits, organizations and associations, and municipal governments, and provides them with additional resources to carry out projects that boost regional economic opportunities. The RED Fund is offered through two streams: Economic Diversification and Competitiveness Stream (EDC Stream) and Strategic Economic Infrastructure Stream (SEI Stream).
Rural Economic Development Fund (RED): OMAFRA
Amount of Funding
Economic Diversification and Competitiveness Stream
Successful applicants may receive cost-share funding for non-capital eligible project costs up to 50% of a maximum of $150,000 per project.
Strategic Economic Infrastructure Stream
Successful applicants may receive cost-share funding for non-capital eligible project costs up to 30% of a maximum of $250,000 per project.
![Amount of Funding from the Canadian Government](https://www.mentorworks.ca/wp-content/uploads/2020/12/Amount-of-Funding.png)
Rural Economic Development Fund (RED): OMAFRA
Amount Eligible Applicants
Eligibility criteria for both streams are as follows:
- Ontario Municipalities;
- Incorporated not-for-profit organizations in Ontario;
- Ontario Indigenous organizations; and
- Local services boards.
The following are ineligible for both streams:
- For profit businesses;
- Individuals;
- Research institutions or organizations rooted in research and development; and
- Not-incorporated not-for-profit organizations.
![Eligible Applicants for Canadian Government Funding](https://www.mentorworks.ca/wp-content/uploads/2020/12/Eligible-Applicants.png)
Rural Economic Development Fund (RED): OMAFRA
Eligible Activities
Economic Diversification and Competitiveness Stream
- Succession for entrepreneurship or businesses;
- Business expansion purposes;
- Revitalizing a downtown core;
- Adopting new and useful technologies;
- Marketing projects;
- Attracting and retaining local workers and youth; and
- Value Chain development.
Strategic Economic Infrastructure Stream
- Reviving cultural and heritage attractions;
- Reviving underused building; and
- Updating community streets and landscaping.
![Eligible Expenses for Canadian Government Funding](https://www.mentorworks.ca/wp-content/uploads/2020/12/Eligible-Expenses.png)
Rural Economic Development Fund (RED): OMAFRA
Program Deadline
The program intake begins on January 21, 2024. The deadline to apply is February 21, 2024.
![Program Deadline for Canadian Government Funding](https://www.mentorworks.ca/wp-content/uploads/2020/12/Program-Deadline.png)
Rural Economic Development Fund (RED): OMAFRA News
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