The Newmarket Economic Development Office is here to provide support. We can help businesses find available properties, access information needed to start-up, and apply to locally available grants.
Davis Drive and Downtown Newmarket
The Town of Newmarket has financial incentive programs to support redevelopment in the Downtown and parts of Davis Drive. Properties that are located in the Community Improvement Plan can apply for interest-free loans, grants, property tax credits and other benefits.
Support is available to:
- Evaluate the feasibility of redevelopment projects
- Restore façades
- Renovate interiors
- Update signs
- Redevelop properties
- Receive exemption from parking or parkland requirements
- Offset some Town fees
Contact the Economic Development Office for more information or see the application form below.
2021- CIP FINANCIAL INCENTIVE PROGRAM APPLICATION.pdf
Government grants and support
Government departments and agencies provide financing such as grants, contributions, subsidies, and loan guarantees. Find out what type of government financing might be available for your business. Use the search tool below or browse by type of financing.
Ontario Together Trade Fund
The Ontario Together Trade Fund (OTTF) provides financial support to help small-and-medium sized businesses near-term investments so they can serve more interprovincial customers, develop new markets and re-shore critical supply chains in the face of U.S. tariffs.
Funding may be available to businesses making an investment to:
- Enhance domestic competitiveness
- Build capacity and local supply chain in Ontario, or reshoring
- Pivot operations to manufacture less trade exposed goods
- Create and/or secure jobs in Ontario
- Invest at least $200,000 in eligible project costs
- Complete the project within 2 years
- Demonstrate all financing will be in place by the project start date
To be eligible, businesses need to:
- Operate within Ontario
- Have at least three years of operations/financial statements
- Employ at least 5 full time equivalent (FTE's) active employees
- Demonstrate any of the following impacts due to the imposition of U.S. tariffs:
- Operates in a sector extensively targeted by U.S. tariffs
- Significant exposure to trade risk (for example, revenue loss of 30% or higher), or pivoting operations to supply a customer that is looking to replace a current supplier due to tariffs
Funding will be provided through a grant or loan up to a maximum of $5 million.
How to Apply?
Visit the webpage to review program guidelines, take self-assessment tool, register for Transfer Payments Ontario to apply.
For more information please contact [email protected].
Regional Tariff Response Initiative
The Regional Tariff Response Initiative (RTRI) is invests in targeted, time-sensitive activities between March 2025 and March 2028 that boost productivity, lower costs, strengthen supply chain resilience, and open doors to new markets, enhancing overall competitiveness for Canadian businesses.
Eligible applicants include:
- Incorporated for-profit businesses located and operating in southern Ontario employing at least 5 full-time equivalent employees in the region and fewer than 500 full-time equivalent employees overall.
- Not-for-profit organizations in southern Ontario whose primary focus is to support SMEs.
- Have at least 25% of your sales in the markets targeted by the tariffs; OR
- Demonstrate that it has been directly affected by ongoing trade disruptions, including U.S. and China tariffs or Canadian measures.
Funding per recipient - Businesses can feasibly request:
- $125,000 to $10 million in repayable funding; or
- $125,000 to $1 million in non-repayable funding.
Not-for-profit organizations can normally request a minimum of $125,000 to $10 million in non-repayable funding.
Eligible activities include, but are not limited to:
- Digitizing, automating, or acquiring, adopting or adapting technology to enhance productivity and competitiveness.
- Market diagnostics, development and expansion activities to help find new customers and reduce tariff exposure.
- Building strategic partnerships, optimizing supply chains, and ensuring compliance with standards to enhance your company's global and/or domestic presence.
- Strengthening domestic supply chains and facilitating internal trade to enhance the resilience and reliability of domestic markets.
- Business support, market development in all markets, and guidance services, e.g., advice for businesses from a sectoral organization.
- Reshoring or onshoring production, research and development mandates and/or highly qualified personnel/expertise to southern Ontario.
How to Apply?
Visit the program webpage, take the self-assessment tool, and apply through the online platform.
