What costs will be supported under Prosperity Initiative?
Only costs that are reasonable, incremental and relate directly to the eligible activities will be accepted for projects funded. Hospitality costs will not be supported. Claims for reimbursement of eligible project costs will be submitted to FedDev Ontario. Examples of eligible costs include: • Labour and operating expenditures • Materials and supplies; • Consulting and/or professional fees (limited to market rate); • Travel and meeting costs; • Minor capital and non-capital acquisitions (e.g., software); and • Administration (to a maximum of five per cent of eligible and supported costs). Capital costs, excluding land acquisition, will be covered under the Regional Diversification and the Building a Competitive Advantage objectives. The purchase or construction of buildings will generally not be supported, as assets of this nature are able to attract commercial financing. Leasehold improvements that are directly attributable to the project may be considered. Capital costs covered unde
Related Questions
- Can we apply to Prosperity Initiative if we already receive or have received government funding through a similar initiative?
- How does the Prosperity Initiative fit with other Economic Action Plan initiatives that have been announced?
- Ministry costs money. How is the Regional Churchs ministry financially supported?
