Prosperity Initiative

All funding for this program has been committed.

The Prosperity Initiative encourages businesses, not-for-profit organizations and post-secondary institutions in southern Ontario to undertake projects that will result in a more productive, diversified and competitive economy in the region.

Under the Prosperity Initiative, there are three streams:

Productivity Enhancement supports activities within southern Ontario including improvements to enhance the productivity of an industry/sector and the adaptation and adoption of new technologies, processes and skills development in an industry/sector leading to significant productivity improvements.

Regional Diversification supports activities within southern Ontario including:

  • the creation of new opportunities for economic diversification;
  • market development and expansion;
  • business attraction to diversify regional or community economies; and
  • business expansion supporting greater diversification.

Building a Competitive Advantage for Southern Ontario supports activities to enhance the competitiveness of an industry/sector cluster, such as:

  • the adaptation and adoption of new technologies, processes and skills development in an industry/sector;
  • technology demonstration and piloting;
  • business opportunity development and expansion; and
  • facilities improvement or expansion.

Should you have questions or inquiries, please contact us.

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