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Investment support means helping local businesses access provincial and federal government grants, incentive programs and interest free loans. The majority of government grants which are currently available tend to focus on manufacturers and exporters. Since 2008, KEDCO has worked with over 50 local companies on the writing and submission of government grants. It is our intention to continue to support local applications as long as there are funding opportunities available. KEDCO's objectives are two-fold: jobs and investment for the Kingston community.
By helping local businesses access new funds, the City of Kingston benefits from new investment and the commitment of local businesses investing in themselves. It's a win-win situation. More dollars helps ensure stronger businesses committed to the city, which makes Kingston a better place to live, work and do business.
Frequently Asked Questions About Investment Support
WHEN ARE THE PROGRAM DEADLINES?
Deadlines for proposals and applications vary by funding program. At times, government funding for specific programs runs out, and we have to wait until the program funding is reloaded. Our staff closely monitors deadlines and funding availability.
CAN I APPLY FOR MULTIPLE GRANTS?
Most government grant programs allow you to apply for both provincial and federal funding for the same project - often referred to as "stacking". However, the company is still required to invest at least 50% of the project investment regardless of how much monies are received from any level of government.
WHAT DOES THIS SUPPORT COST?
KEDCO will cover the cost of paying the writer. The average cost for an Investment Support application is $800. If your application is successful, we ask that you reimburse half the cost of the writer's fee so that we can reinvest this money in our support program. If your application is not successful, there is no cost for the service provided.
WHAT DO I NEED TO DO?