The Ministry of Economic Development, Job Creation & Trade (MEDJCT) has recently launched a new competitive funding program to support businesses to make near-term investments to enhance trade security and trade diversity – the Ontario Together Trade Fund (OTTF).
The OTTF is a $50 million fund to help businesses make short-term investments. It aims to help businesses serve more customers across the provinces, develop new markets, and bring back critical supply chains affected by U.S. tariffs.
The program provides funding for companies to address impacts of U.S. trade disruptions and that align with Ontario’s key economic priorities, including:
Trade diversity:
- Diversifying sales portfolios: Expanding market reach to new markets, with a focus on interprovincial trade.
Trade security:
- Enhancing competitiveness: Increasing manufacturing capacity and capabilities and increasing profitability through investments in advanced technology and innovative processes.
- Contributing to regional and sectoral ecosystems: Strengthening Ontario’s supply chains through reshoring and efforts to procure more equipment and supplies from Ontario and Canada.
- Creating and or retaining jobs
This program forms part of Ontario’s effort to help Ontarian’s deal with the effects of unfair U.S. tariffs. Eligible applicants include for-profit businesses (legal entity or limited partnership) registered to operate in Ontario.
The ministry will also be hosting a series of webinars to inform potential applicants about the program. This will include:
- OTTF Program Information Session: May 8th, 2025
- OTTF Program Information Session: May 22nd, 2025
To register for a webinar or to get more details about the program, including eligibility and application guidelines, click on either date. Applicants are invited to reach out to their Ontario Advisor.