Jobs and Investment Program (JIP)
The purpose of the Jobs and Investment Program (JIP) is to support research, development and commercialization in innovative industries and attract new investments and jobs in areas of great potential for Ontario including:
- green auto research, parts production and assembly
- clean fuels research, development and commercialization
- environmental technologies, clean industries and the bioeconomy.
- creative industries such as digital media, and information and communications technology
- financial services that involve global or North American mandates and the establishment of new, discrete operating units
- anchor investments to support cluster development, including in the services sector
- opportunity based or unique investments.
Projects must either create or retain at least
100 jobs, or invest $25 million over five years. JIP can provide grants
up to 15% of eligible project costs.
Company eligibility
The Jobs and Investment Program (JIP) is open to Canadian and foreign incorporated companies provided they have an incorporated Ontario/Canadian subsidiary.
Application Materials
Submission format
To activate the 45 day service guarantee, your submission must include three hard copies and one electronic (on CD) of:
- NGOJF application form (signed)
- Business plan
- Business plan charts – milestones, sources of financing, project costs, job target, security, etc.
- Annual audited or accountant-reviewed financial statements for the past five years
- Most recent interim financial statements (internal)
- Details of existing debt (lender, payments, interest, security)
- Five-year detailed forecast of revenues and expenses for the company as a whole
- Information for financial due diligence
- Copies of the documentation confirming the establishment of the business (i.e. articles of incorporation, amendments, partnership agreements, etc.).
Customer Service Guarantee
The Jobs and Investment Program (JIP) provides a service guarantee of 45 days to applicants that submit a full and complete proposal for assessment under the Next Generation of Jobs Fund (NGOJF) (see Application Process in the Business Plan Guide).
The service guarantee means that a decision regarding your proposal will be provided 45 days from the date of a written acknowledgement from the NGOJF Secretariat. The letter of acknowledgement would be sent to you once a full and complete proposal for the Next Generation of Jobs Fund (NGOJF) has been accepted for review.
For further information:
Phone: 1-800-819-8701
Email: info@2ontario.com
