cartes de visite

Financial Incentives

WAWA BUSINESS ASSISTANCE

Wawa Economic Development Corporation

Whether you are thinking about or ready to start or expand your business, Wawa Economic Development will provide you with valuable support. The EDC offers the convenience of one-stop shopping for a wide variety of business supports including:

  • Assistance and support to develop a business plan,
  • Inventory of available buildings and properties for rent,
  • Access to and help to complete funding applications,
  • Data and statistics on the local and regional economy,
  • Networking with mentors and key agency contacts,
  • General information on business start-ups.

 

CONTACT: Wawa Economic Development

96 Broadway Av. Wawa, ON

705.856.4419

moneill@edcawa.ca

www.edcwawa.ca

 

 

 

GRANTS AND FINANCING FOR BUSINESS

Superior East Community Futures (SECFDC)

SECFDC assists businesses in Wawa, Chapleau, White River and Dubreuilville and offers many services to businesses looking to start or expand including:

  • Business Planning – SECFDC will review your business plan, and give you constructive feedback and evaluation, absolutely free of charge. You can also pick up a business plan template, start-up guide and other goodies at their office.
  • Business Financing – Up to $150,000 in loan financing is available from SECFDC.

 

Fill out the application formE-mail to: amos@ontera.net

CONTACT: Superior East CFDC
14 Ganley Street, Wawa ON
705.856.1105-1.800.387.5776

friyia@superioreast.on.ca

www.superioreast.on.ca 

Self Employment Benefit Program (OSEB)

The Ontario Self-Employment Benefit Program (OSEB) provides entrepreneurs with income (up to $17,000 FREE) and support for up to 42 weeks to start a new business. Home occupations may qualify!

Who Can Apply? Persons who are unemployed can apply to participate  if they established a claim for Employment Insurance benefits or their Employment Insurance benefit period ended within the past three years or the past five years if re-entering the labour force after having left it to care for newborn or newly adopted children.

 

CONTACT: Angela Dimma, Coordinator

672 Queen Street East, Sault Ste. Marie, ON

1-705- 942-9000

adimma@ssmcdc.com

www.ssmcdc.com

Northern Ontario Heritage Fund (NOHFC)             

The NOHFC offers five programs: the Strategic Economic Infrastructure Program, the Northern Community Capacity Building Program, the Northern Innovation Program, the Northern Business Opportunity Program and the Northern Ontario Internship Program. You can read through the program descriptions to determine which program best supports your business vision.

Northern Business Opportunity Program – Small Business Start-up ProjectsCertain new businesses in Wawa will be eligible for NOHFC assistance in the form of a conditional grant for  50% of eligible project costs up to a maximum of $200,000.The proposed new business must operate on a full-time basis and must not duplicate an existing business. See http://nohfc.ca/en/programs/northern-business-opportunity-program-small-business-start-projects for a full list of eligible businesses or call 1-705-945-6701.
Northern Business Expansion FundingThis Program supports and encouraging business productivity and expansionwith up to 50% of eligible project costs to a maximum of $1 million.Up to 30% of the NOHFC funding may be in the form of a conditional grant with the remainder in the form of a repayable loan.
Northern Business Opportunity Program – New Investment ProjectsCompetitive businesses that currently do not have a presence in Ontario that will expand operations to Northern Ontario and create jobs. Preference is given to those projects that demonstrate the following: creation of new jobs, ability to become a new anchor for investments and alignment with the priority sectors identified in the Northern Ontario Growth Plan.
Northern Innovation Program – Opportunity Assessment ProjectsThe Northern Innovation Program supports the vision of the Growth Plan for Northern Ontario by supporting the development and commercialization of new technologies that will contribute to future prosperity in Northern Ontario, and by fostering collaboration and partnerships among the private sector, academic institutions and research institutes.
Northern Ontario Internship ProgramThe intent of the Northern Ontario Internship Program is to strengthen Northern Ontario’s competitive advantage and build economic development capacity by attracting and retaining graduates in the North. The program provides recent graduates who are interested in launching and building their careers in Northern Ontario access to internships.

Northern Ontario Heritage Fund Corp.
70 Foster Drive, Suite 200
Sault Ste. Marie, ON. P6A 6V8
nohfc.ndm@ontario.ca  1-705-945-6701

 

 

Canada Small Business Financing Program (CSBFP)

To apply for this program, contact Northern Credit Union14 Mission Road, Wawa ON

Telephone: (705) 856-2322

By sharing the risk with your financial institution, the CSBFP may help you get up to $500,000 to start, expand, modernize or improve your small business. You can use the loan to finance the cost of purchasing or improving fixed assets. For example, you could finance: i) Buildings and land, ii) Commercial vehicles, iii) Business equipment and iv) Leasehold improvements for a franchise.

www.northerncu.com

Read Online: Canadian Small Business Financing Program

 

Youth Summer Company Program (15-29)

Young entrepreneurs receive FREE start-up money to start a summer business. Receive up to $3,000 free, 50% of which is received at start-up with the remainder paid upon completion of the program. Must be in high school, college or university not working more than 12 hours week at another job during the program. Must be returning to school at end.

Contact the Youth Advisor at Sault Ste. Marie EDC at 1-705-759-5461 to learn more.

 

Read Online:  www.ontario.ca/summercompany.

Ontario Arts Council (OAC)

OAC provides grants and services to Ontario-based artists and arts organizations which support arts education, community arts, crafts, dance, literature, media arts, multidisciplinary arts, music, theatre, touring, and visual arts.

Ontario Arts Council

www.arts.on.ca
1-800-387-0058

 

Aboriginal Funding

Nishnawbe Aski Development Fund

106 Centennial Square, 2nd Floor

Thunder Bay, ON P7E 1H3

1-807-623-5397 or 1-800-465-6821

www.nadf.org

 

OTHER Business Financing and Grants Available

There a number of other funding programs including for reasearch, hiring of employees and to assist women, persons with disabilites and low-income entrepreneurs. Call the Economic Development Wawa for more information into the many programs available @ 705-856-4419.

PARO Centre for Women’s Enterprise
Thunder Bay, ON(807) 652-0328

info@paro.ca     www.paro.ca

Regional Employment Help Centre65B Broadway Avenue , Wawa ON P0S 1K0
(705)-856-1648

info@wawarehc.com

Ontario Business Enterprise CentreSault Ste. Marie EDC

(705)-759-5461

mailto: a.ross@ssmedc.ca

Business Development Bank of Canada153 Great Northern Road, Sault Ste. Marie ON

(705)  941-2006

www.bdc.ca

Industrial Research Grant (IRAP)SSM Innovation Centre

(705) 942-7927

www.nrc-cnrc.gc.ca

Royal Bank of Canada – Wawa72 Broadway Ave, Wawa ON

(705) 856-2261

www.rbc.com

Industry Canada – FedNor2 Queen Street, Sault Ste Marie ON P6A 1Y3 Lisa.McHugh@ic.gc.ca
www.fednor.gc.ca
Sault Innovation CentreSault Ste. Marie, ON

(705) 942-7927

Link to Funding Available

 

CLICK TO LINK TO OTHER FUNDING PROGRAMS AVAILABLE FOR BUSINESS

ONTARIO FUNDING PROGRAMS