News and Notices

Northern Ontario Recovery Program
- October 01, 2020

NOHFC’s Northern Ontario Recovery Program is now officially open!. 

 

The Northern Ontario Recovery Program is designed to help businesses adapt operations according to local public health guidelines, while protecting employees and customers.

Who is Eligible?

Northern Ontario businesses with at least one year of operations as of March 17, 2020 and were impacted by the Province of Ontario Emergency Order that closed all non-essential businesses on March 24, 2020.

What is Eligible?

Eligible projects will support the adaptation of business operations and practices to meet public health guidelines for operations under re-opening stages, and to support employee and consumer safety.

Eligible project costs include but are not limited to:

  •   Capital construction
  •   Leasehold improvements
  •   New or used equipment
  •   Restructuring of business operations
  •   Marketing for new business initiatives
  •   Personal Protective Equipment and customer/employee safety installations
  •   Other costs deemed necessary to complete the project at the discretion of the NOHFC

Evaluation Criteria

Applications will be accepted based on the following criteria:

  •   Northern Ontario businesses' evidence to support a loss of revenue or increase in expenses are directly attributed to the Province of Ontario Emergency Order related to the COVID - 19 pandemic
  •   Submission of financial history for the previous year of operation will be required.
  •   Eligible costs will be those incurred and paid after March 17, 2020.

Funding

  •   Funding will be in the form of a conditional contribution and will normally not exceed $25,000.
  •   NOHFC will cover 100% of eligible project costs.
  •   Applicants must demonstrate that the amount requested from NOHFC is incremental and does not duplicate other supports received.

Program Requirements

  •   Funding is limited and will be on a first-come basis.
  •   The application window will run from October 1 to December 31, 2020.
  •   Applicants will be required to execute a legal agreement with NOHFC.

Here is the link to the website with the details and to access the online application: https://nohfc.ca/en/pages/programs/northern-ontario-recovery-program

 

 

Tips!!

  • In order for you application to be considered, it needs to be complete.  Please ensure to answer every question and attach all supporting documentation as requested.
  • If you are not sure about your costs, send me a list of your costs and I will review that for you.
  • If you want me to review your application, please do ask for my help on the online application (top right menu icon, user admin, ask for NDA support, select my name) or save it as a pdf and email it to me.
  • Otherwise, please do let me know if you have questions, send me an Email or call, I am there to help.
  • If you are part of a broader organization and would like me to present the program to your membership, I can.

The Municipality of Powassan
250 Clark Street PO Box 250 Powassan, ON P0H 1Z0 | Phone: 705-724-2813 | Fax: 705-724-5533 | office@powassan.net

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