There are a variety of funding opportunities and funding organizations available that offer support to the members of the Downtown North Bay area.
The Downtown Community Improvement Plan (DCIP) is a City-funded incentive program that is designed to stimulate private-sector investment in the Downtown. The goal of the DCIP is to improve the attractiveness of the Downtown by encouraging sustainable businesses and residential projects.
The Downtown Community Improvement Plan provides significant advantages for Downtown North Bay. Are you a business owner, property owner or a potential investor looking for funding opportunities in Downtown North Bay?
The Community Improvement Plan offers financial assistance for feasibility studies, facade/signage improvements and the revitalization/redevelopment of buildings.
The purpose of the plan is to create a mechanism to promote investment, generate economic development and increase assessment. Financial incentives including grants of up to $15,000 and interest free loans of up to $50,000 are available.
Members are encouraged to schedule an appointment with The Business Centre to find out more about available funding and to determine which programs best fit their needs. The knowledgeable and friendly staff can provide information about a variety of grant and loan programs that business owners may be eligible for. This resource is a great way to minimize the time it takes to search for available programs to meet specific business needs.
NECO, a Community Futures Development Corporation, is funded by FedNor/Industry Canada and is managed by a volunteer board of directors. As a regional economic development organization, NECO provides financial assistance, counseling, training, and advisory services to small business. With a focus on developing partnerships with private and public sectors to create and maintain jobs in our communities, NECO provides a variety of resources for business needs.
The Northern Ontario Heritage Fund Corporation (NOHFC) offers seven funding programs designed to help municipalities, entrepreneurs and businesses build, expand, and grow. Members are encouraged to review the funding applications and guidelines to see what program best fits their business needs.
Northern Ontario Heritage Fund Corporation
Ministry of Northern Development & Mines
Regional Economic Development Branch
447 McKeown Avenue
North Bay, ON P1B 9S9
The Canadian Youth Business Foundation (CYBF) provides programs to assist young entrepreneurs between the ages of 19-39. From pre-launch to growth and expansion, CYBF supports entrepreneurs throughout the life-cycle of their businesses by providing coaching, financing, mentoring, and business resources.
Canadian Youth Business Foundation
133 Richmond Street West
Toronto ON, M5H 2L3
Exposure and networking opportunities with other entrepreneurs has lasting benefits for every business. By getting involved and participating in business organizations’ committees, boards, and events, you will bring exposure to your businesses and to the downtown community at large.
Planned quarterly after-hours business get-togethers allow for individual business presentations, social interaction, and sponsorship opportunities. Check the Events Calendar or the Downtown office for more information.
705-472-8480 ext 233 or email firstname.lastname@example.org
The North Bay & District Chamber of Commerce has over 900 members and is considered the voice of business for the North Bay area. The chamber hosts events and services which support members’ businesses, and it creates new opportunities for business in the region. Downtown North Bay members are encouraged to join the Chamber and take advantage of the numerous benefits available. Young professionals are encouraged to participate in the Chamber of Commerce Young Professionals chapter. This group has its own agenda of events. With representation on the North Bay & District Chamber of Commerce Board of Directors, this Chamber of Commerce chapter ensures that young professionals’ needs are a priority.
North Bay & District Chamber of Commerce
205 Main Street East, North Bay, ON P1B 1B2
t: 705.472.8480 or 1.888.249.8998