NOTICE: The CEDP application period officially opened on August 15th, 2016. Application will be accepted on an open, continuous basis subject to availability of funds and not beyond the end of the program in December 2018. Please note, however, that Northumberland CFDC will begin to review application effective September 1st, 2016.
Collaborative Economic Development Projects (CEDP) will galvanize innovation capital investment across Eastern Ontario with a high emphasis on catalyzing the private sector and industry-led consortia to invest in projects that will directly result in business growth, job creation and economic diversification.
The intent of CEDP is to help trigger investment decisions that will strengthen innovation across Eastern Ontario and kick start new economic activity. CEDP can unlock the will and determination of Eastern Ontario’s industrial leadership to invest in emerging technologies, productivity enhancements, globally competitive business practices, new product development and skilled workforce development on a pathway to business growth, expansion and profitability.
CEDP projects approved for funding will demonstrate benefits to multiple communities and promote broad-based collaborative economic development leading to a competitive and diversified economy, while contributing to the successful development of business/job opportunities and prosperous communities.
CEDP will prioritize funding for three targeted client segments (listed in order of emphasis):
CEDP priority sectors are (in no particular order):
Additionally, CEDP priority pathways for economic development are:
Applicant CEDP project proposals that reflect these targeted client segments, priorities and pathways will likely have a higher approval rate.
Eligible Project Activities
Eligible activities of EODP Collaborative Projects fall into three main categories.
Existing Business (growth-oriented innovative SMEs), eligible activities include:
Labour, Expertise, Capital, Non-capital. Costs may only be deemed eligible if they are incurred on or after the date of submission of a complete application to CEDP.
Ineligible and/or Unsupported Costs
Any costs determined as core operating expense, not reasonable, not incremental, and/or not directly related to the eligible project activities;