Support for Cabinet, Furniture, Pallet and Other Wood Manufacturers

The Forest Sector Investment and Innovation Program: offers 30% 4-year interest-free loans towards projects costing $3 million or more. Up to 50% of the loan may be forgiven (i.e., becomes a grant) if hiring and investment targets are reached. Funding is available for equipment, building retrofits, export marketing, R&D, training and salaries. Available to Ontario wood product manufacturers and processors including pulp and paper mills, sawmills, secondary manufacturers (e.g., pallets, furniture, carboards, plywood, floor and staircase makers) and bio-economy projects. Projects are assessed on incremental increase in purchases of Ontario wood, number of jobs to be created plus overall benefits to the sector and to Ontario. Repayment loan rate is 3%. Next deadline to submit a pre-proposal is September 16, 2022.