Business Plans

Stream: Processor

Code:

EMBA-PR-B

For projects focused on developing a business plan to increase or improve financial sustainability, address growth needs and opportunities, and define concrete next steps.

Who should apply?

See “To apply you must”.

To apply you must

Be a minimum of one of the following:

• A processor business with less than 50 employees
• A new processor business (new entrant) that:
  • Constitutes a legal person
  • Is new to the food and agri-product processing industry and has business projections that demonstrate potential annual gross business income of $30,000 or more within three years of applying
  • Files personal income taxes in Ontario
  • Has not filed taxes of $30,000 or more in annual gross business revenue as a food or agri-product processing business in the two years prior to applying for funding
  • Has a valid Premises Identification (PID) Number (if a processing facility is established)

Eligible activities and expenditures

• Third-party advisory costs to develop the following:
  • Expansion Plan
  • Human resources plan
  • Business plan
  • Risk management plan
  • Feasibility plan
  • Diversification plan

Ineligible activities and expenditures

• Licensing, contracting, incorporation, legal or other fees
• Ongoing audits or assessments that are part of standard business practice, including:
  • Food safety audits or assessments
  • Product verification audits or assessments
• Operationalization or implementation of a plan
• Travel and mean costs
• In-kind contributions
• Activities and expenditures as detailed here

Available cost-share

35 per cent, up to a maximum of $15,000

Required documentation

• Quote or proposal from a third-party organization or consultant, detailing services to be provided, outcomes and costs

Merit assessment criteria

Applications will be assessed against the extent to which:

• Project increases ability to address a business need or opportunity
• Project provides increased capacity to plan for and manage business growth
• Project outlines expected business results
• Project helps address regional (e.g., northern), sector or community level needs
• Resources, experience and skills necessary to oversee and carry out the project are identified
• Project work plans are clearly defined and aligned to project goals

Other useful information:

If you are interested in applying as a new processor business (new entrant), contact OMAFRA at 1-877-424-1300 or agpartnership@ontario.ca.