Ontario Chamber of Commerce

Ontario Chamber of Commerce

April 23, 2009 09:13 ET

Ontario Companies Get a Helping Hand With Help of Export Assistance

TORONTO, ONTARIO--(Marketwire - April 23, 2009) - More Ontario companies are breaking into new international markets, thanks to assistance from an Ontario Chamber of Commerce (OCC) cost-sharing program. "Export Market Access" (EMA) is a program designed to support Ontario's small and medium-sized enterprises. Since its inception in 2008, EMA, which is managed by the OCC and funded by the government of Ontario, has assisted 84 companies.

"Diversification for Ontario companies has never been more important," explains Len Crispino, President & CEO of the Ontario Chamber of Commerce. "Events of the last year have provided blunt evidence that reliance on a single market can have devastating consequences. Ontario companies have superior expertise and products to offer to the rest of the world but sometimes just need a little helping hand."

The approved companies have received on average $11,000 to support their efforts to make international direct contacts, conduct market research and develop tools specifically for a new foreign market. These companies vary in their specialties and are located across the province including, GTA, Ottawa, Brantford, Kitchener, Hamilton, Sault Ste. Marie, London and Stoney Creek.

"The partnership with the Export Market Access program has enabled Yfactor to produce professional sales materials and participate in events that would otherwise not have been possible." explains Anya Codack, CEO of Yfactor Inc., one of the program participants.

Yfactor has developed a proprietary software tool that reduces costs by as much as 75%, and increases sales and membership services at a local level by making it possible for parent companies to deploy multiple independent websites on a single platform.

Recipients operate in a variety of sectors including manufacturing, agriculture, professional and technical services, marketing, wholesale trade and culture.

Applications are processed on a continuous intake basis and many more applications are currently being reviewed. Funding decisions are made within 30 business days upon receipt of fully completed applications. The online application and information regarding eligibility criteria can be found at exportaccess.ca.

The Ontario Chamber of Commerce (OCC) is a federation of 160 local chambers of commerce and boards of trade in the Province of Ontario, representing 60,000 businesses of all sizes, in all economic sectors and from every area of the province. In its mandate to advocate strong policies on issues affecting its members, the OCC is currently focused on economic renewal and business competitiveness. Its over-arching goal is to make Ontario the most competitive jurisdiction in North America.

Contact Information

  • Ontario Chamber of Commerce
    Erin Riach
    Communications Assistant, Export Market Access
    W: (416) 482-5222, ext. 248