In some countries, tourism is one of the biggest income earners, and efforts to promote the sector have been put in place. Various organizations promote tourism in Ontario. In case you are interested in starting a tourism business, and you need funds, you can approach any of these organizations for assistance.
Ontario Cultural Attractions Fund
Are you planning to market and promote your tourism business and are stuck due to costs? If so, then the Ontario Cultural Attractions Fund has you covered. It comes in the form of a loan that is partially repayable. The funding helps organizations start up and promote new business ventures or expand already existing businesses that are likely to attract new tourists. The fund also helps grow the business revenues and any which are likely to promote economic growth and create job opportunities. The projects must be unique from the existing programs and must run for a fixed period. The marketing plan target should be to bring new tourists to the community. The applicants’ project should be able to self-sustain repayment and still be profitable to the application.
Green Municipal Fund
This fund helps promote pilot environmental pollution prevention projects in Canadian cities and communities. The projects must be unique, impactful and transformative to the community.
The funds grant up to 500,000 Canadian dollars to cover up to 50 percent of eligible costs. The Canadian municipalities and their partners are eligible for the funding. Still, the projects must be unique and impact positively the country’s effort to reduce environmental pollution.
Tourism Development Fund
The Tourism Development Fund offers non-capital, project-based funding for research and development for the tourist sector with the aim of capacity building of the tourism organizations. This fund encourages investment in tourism by private sectors. The funds are aimed at improving Ontario’s economic competitiveness and opportunities for the tourism industry. The funds are available for all NGOs and businesses with an interest in tourism activities. The funds are for assisting the organizations and businesses in product development, industry development and to increase tourists’ visitation.
These are some of the organizations that work with the government to ensure tourism startup businesses in Ontario survive in the business environment.