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We are open! Monday-Friday from 8:30-4:30 p.m.

905-372-4301

55 King St. West, Cobourg

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Incentive Programs

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Incentive Programs

No matter what size your business or business idea is, Cobourg's Economic Development have experience working with everything from large manufacturing companies to small retail and service businesses. We will help you to cut the red tape and filter through all the programs and services that best suit your needs. 

There are hundreds of programs and services, some of which are listed below. Our concierge service will save you time and set you on the path to starting or growing your business. Email econdev@cobourg.ca or call us for an appointment at 905-372-5481. 

 

Manufacturing Incentives
Eastern Ontario Development Fund
Eastern Ontario Development Fund gives money to businesses, and not-for-profit organizations. The fund may provide up to 15% of eligible project costs for a maximum grant of $1.5 million with the business contributing up to 50% of total costs.  Go to their website or contact Cobourg Economic Development for more information.
Excellence in Manufacturing Consortium
The Excellence In Manufacturing Consortium (EMC) helps manufacturers grow and become more competitive through knowledge, expertise and resources.
Industrial Research Assistance Program
NRC-IRAP tailor their services to your local context and specific technical and business needs. They are co-located with a wide range of partner organizations focused on supporting small and medium-sized businesses including local associations, universities and colleges as well as other science and technology departments and institutes.
Northumberland Community Futures Development Corporation (CFDC)
Northumberland Community Futures Development Corporation (CFDC) provides loans of up to $250,000 for qualifying startups and medium-sized enterprises. Their experienced staff are available to give you feedback on your new business venture. Whether you are founding a startup or growing your small or medium-sized enterprise, they can help!
Food Manufacturers Incentives
 
 Canadian Agricultural Partnership
The Canadian Agricultural Partnership is a five-year commitment by Canada's federal, provincial and territorial governments that supports Canada's agri-food and agri-products sectors.

Strategic Initiatives - including cost-share funding - support projects in the following key priority areas, with research and innovation continuing to be a focus across all programming.

OMAFRA: Projects will focus on helping to build a strong labour force for agri-food and agri-product sectors by implementing new, enhanced or expanded activities for attracting, training and retaining labour.

Innovative / Technology Business Incentives 
 
Small to Medium Sized Business Incentives 
 
 DELIA
 DELIA is an ecosystem fund to advance Women-owned and Women-led business across Eastern Ontario.
Hiring, Training & Apprenticeship Incentives 
 
Apprenticeship Job Creation Tax Credit
The Apprenticeship Job Creation Tax Credit (AJCTC) is a non-refundable tax credit to employers who hire an eligible apprentice. This non-refundable tax credit provides 10% of the eligible salaries and wages payable to eligible apprentices in respect of employment after May 1st, 2006. Employers can claim up to $2000 per year for each eligible apprentice. If you business hires an eligible apprentice, you qualify to claim the credit. 
Canada Ontario Job Grant
 The Canada-Ontario Job Grant (COJG) is support for employers who are looking to purchase training for their employees.

For a more extensive list of government incentives contact our Economic Development Team or visit the Canada Business Network website.

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