Eastern Ontario Development Program
Notice: The Eastern Ontario Development Program is now open. The new application forms are now available.
The Business Development Stream is to support projects that will lead to the growth of new and existing businesses within Prescott and Russell through job creation. This includes initiatives in key areas such as skills development, youth attraction, innovation, market expansion, commercialization, and information & communications technologies.
The Community Innovation Stream builds the economic and innovative capacity within Prescott and Russell, and develops opportunities for sustainable economic growth and employment. This stream is ideal for applicants who work in partnership with community stakeholders whose mandate is to directly assist businesses and entrepreneurs. Community Innovation projects must have a minimum of two contributing partners whose mandate is to directly assist businesses and entrepreneurs.
Eligible project recipients:
a) Legal commercial enterprises including individuals, corporations, partnerships and cooperatives
b) Not for profit organizations whose mandate it to directly support businesses and entrepreneurs
c) Aboriginal organizations whose mandate it to directly support businesses and entrepreneurs
d) Post-Secondary Institutions whose mandate it to directly support businesses and entrepreneurs
Non-eligible project recipients:
a) Crown corporations; Federal or Provincial government commissions; Agencies; and Ministries
b) Social clubs
c) Sponsoring of a non-profit organization or a private business
Eligible activities may include but are not limited to:
Expansion of Economic Assets (capacity building)
o Industry cluster development and expansion
o Labour market development (skills gap analysis, skills development, worker transition)
Business Development and Growth
o Training and mentoring
o Business start-ups
o Productivity enhancements (information and communications technologies, energy, new technologies, productivity assessments)
o Market diversification (export)
o Innovation/product development (research and development)
o Succession planning
o Business incubators
o Supply chain analysis and development
All eligible cost must be directly related to the project
o Salary of new employees (see Appendix 1)
o Salary of employee during training
o Consultant fees
o Communication and promotion
o Material and supplies
o Information technology
• Cost incurred prior to the date on the contract agreement
• Cost associated with the development of basic websites
• Cost of land, building or vehicle purchase
• Cost of intangible assets such as goodwill, whether capitalized or expensed
• Cost of salaries of existing employees
• Cost of inventory
• Core operational costs
• Cost related to strategic plans or feasibility studies
• Municipal Infrastructure
Funding contributions to Not‐for‐Profit Eligible Project Recipients will be non‐repayable contributions toward direct eligible project costs, and may be up to 50% of total non-capital cost and 20% of total capital cost up to a maximum of $50,000 per Eligible Project Recipient per year (2014-2019).
Funding contributions to Private Sector For‐Profit Eligible Project Recipients will be non‐repayable contributions toward direct eligible project costs, and may be up 50% of total non-capital cost and 20% of total capital cost up to a maximum of $100,000 per Eligible Project Recipient.
The recipient (non for profit) or (private sector) must be directly responsible for the creation of full-time jobs.
Applications will only be considered once the completed application and budget, together with all supporting documents are received. An electronic version and a paper copy of all documents must be submitted.
Applications will be received on a continuous process, first-come first considered basis and will remain open until all funds have been allocated.
After the submission of the completed application with all supporting documents, applications are assessed internally against the program criteria.
Projects that are leaning towards the objectives of the 2014-2019 Prescott-Russell Economic Development Plan will be given higher priority. Total contribution of grant is evaluated by a cost per job ratio: 1:$ 10,000. Therefore, funding will be based on the total job creation vs the total EODP contribution requested.
All EODP projects are presented and approved by our Board of Directors on a monthly basis. A decision will be made within 4-8 weeks. Applicants will be notified as to whether their request is approved, declined, or missing information.
Approved applicants will receive a Contract Agreement outlining terms, conditions, reporting requirements and funding disbursement schedule. Activity reports and claim forms will be distributed and explained with the Contract Agreement. All cost prior to the project approval date will not be eligible.
Payments are processed on a reimbursement basis once the claim documents have been submitted along with invoices and proof of payment. A claim may be submitted no more than once a month and no less than four times a year. Project will be subject to 10% hold back of total contribution amount pending the project completion and final report submission.
Please click on the following LINK to download and submit PROJECT BUDGET
If you have questions or require assistance please contact:
613-632-0918 extension 203
All applications must be submitted to:
CLAIM PROCEDURESA claim may be submitted no more than 4 times a year and no less than twice a year.
When submitting a claim, the following documents must be provided:
• Claim form
• All invoices
• Proof of payments (see acceptable proof of payments below)
• Mid-term report
• Final report (only with final claim)
• Electronic payment
• Bank statements
• Records of credit card
The PRCDC will process the claims and send a notice of payment to the beneficiary when a payment has been made, which will indicate the amounts claimed up to date and the balance of the contribution (within 30 days).
Note: The PRCDC accepts electronic claims EXCEPT for the final claim; the original documents must be delivered or sent by the mail.