Municipal & Local Supports For Business

Municipal & Local Supports For Business

A list of Municipal and Local programs available to assist businesses.

Community Futures Oxford

Oxford EconomicStimulusFund 20200520

NEW! Oxford Economic Stimulus Fund

Oxford County and Community Futures Oxford have pooled funds to create the Oxford Economic Stimulus Fund, a program designed to help local small and medium-sized businesses, not-for-profit groups, and business support organizations recover from the effects of the COVID-19 pandemic. 

Administered by Community Futures Oxford in collaboration with the Oxford Connection, the fund will provide local businesses with flexible loans to restart businesses closed during the pandemic, revitalize downtown cores, support tourism and hospitality operators and more. 

Non-profit and community organizations are eligible for grants to support economic development, for instance, by creating and maintaining jobs, or complementing other funding sources to make local projects viable. 

Up to 10% of the original principal of the loan made to businesses may be forgiven if repayment is made within two years.

Applications to the fund opened on May 20 and will be accepted until December 31, 2020.

  More information available in PDF format by clicking here.

NEW!!! Regional Relief and Recovery Fund

Community Futures Oxford is pleased to deliver the Federal Government's Regional Relief and Recovery Fund (RRRF), which provides financial contributions (interest-free loans) to help support fixed operating costs of SMEs, where business revenues have been affected by the COVID-19 pandemic.  

In order to provide targeted assistance to the small towns and communities they serve, CFDCs willfocus on assisting “main street” businesses, such as retail shops, restaurants, corner stores, and businesses of strategic importance to their communities, with loans up to $40,000.

Which of these two new programs (Oxford Economic Stimulus Program and the Regional Relief and Recovery Fund) is best for your business?

To assist, please consider the following:  

  • The Regional Recovery and Relief Fund prioritizes applicants who have not received or qualified for any other programs
  • The Oxford Economic Stimulus Fund (up to $100,000) will prioritize people who may have received other funds, but require more than $40,000 

For more information, please visit www.cfoxford.ca.

Emergency Response Fund

Emergency Microloans up to $30,000 can be applied for to provide short- and medium-term cash flow that will help businesses get through the next several months with limited or no revenue.

  • Eligible businesses must be located within Oxford County
  • Funding to be used for monthly cash flow requirements
  • Loan can be used to cover business rent/lease payments of up to $2,500/month for one year
  • Loan of up to $30,000 per client
  • No interest for the first 6 months (limited time offer)
  • Expedited application and approval process
  • Please contact our office regarding all terms and conditions of the loan

Learn more at https://cfoxford.ca/emergency-response-fund


City of Woodstock 

Council has approved waiving penalty and interest on outstanding taxes normally charged on April 1st, and May 1st.

NEW - Woodstock council approved continuing to waive penalty and interest on any outstanding taxes for June and July.

For more information contact :  This email address is being protected from spambots. You need JavaScript enabled to view it.

https://www.cityofwoodstock.ca/en/live-and-play/covid-19.aspx


Town of Ingersoll

The Town is prepared to waive late payment interest that would normally be charged on April and May 1st, 2020

 https://www.ingersoll.ca/covid-19


Town of Tillsonburg

Development Charge Deferral Program – Tillsonburg is now offering home builders the option of deferring payment of the Town’s portion of the Development Charges for permits issued between May 26 and July 31, 2020 with the date of collection being changed from Building Permit issuance to the time of Occupancy Permit issuance subject to entering into an agreement with the Town.

Sign Bylaw Amendments – Temporary measures to allow for longer use of mobile signs, waiving of monthly fees for mobile signs, and introducing temporary banner signs.

Measures to Assist Citizens and Businesses – Tillsonburg Town Council has approved the following measures to assist citizens and businesses that are experiencing financial hardship due to COVID-19:

  • Option to defer payment of the May 21 property tax installment, without interest or penalty, to July 31, 2020.
  • Option to defer payment of water and wastewater charges generated after March 31, 2020 until June 30, 2020.
  • The Town has created on online Payment Deferral Application

https://www.tillsonburg.ca/cvu


Southwestern Public Health

   Getting Your Workplaces Ready for COVID-19