New Program for Small & Medium-sized Businesses
Today the Government of Ontario Announced a Program to Help Small- and Medium-Sized Businesses With Energy Efficient Upgrades
New Program will Support Emissions Reductions and Help Businesses Save Money – November 8, 2016
Ontario is launching a new program to help small- and medium-sized businesses reduce emissions and become more energy efficient.
The SMART Green program, a partnership between the government and the Canadian Manufacturers & Exporters (CME), is designed to assist businesses to invest in equipment and process upgrades including high-efficiency ovens, dryers, kilns and furnaces.
Upgrades will improve the competitiveness of Ontario’s small- and medium-sized manufacturers, help to reduce their energy consumption, save them money, and help Ontario meet its targets for greenhouse gas (GHG) emissions reduction.
Partnering with small- and medium-sized businesses to fight climate change is part of our plan to create jobs, grow our economy and help people in their everyday lives.
- Ontario is investing $25 million from the Green Investment Fund for the SMART Green program. Qualifying businesses will receive grants of up to $200,000 to cover up to 50 per cent of eligible project costs.
- The Ontario Green Investment Fund is a $325-million down payment on Ontario’s cap and trade program to create jobs, strengthen the economy and fight climate change.
- In just 10 years, Ontario has become a North American leader in the development, use and manufacturing of clean energy, with more than 30 solar and wind manufacturers operating in Ontario today.
- Ontario is investing nearly $100 million for projects that support cleantech innovation, create jobs and reduce GHG emissions over six years through the Green Investment Fund.