Ontario launches rate drop rebate in London

Ontario is launching an innovative partnership with financial institutions to help businesses in London grow and increase employment opportunities for people with disabilities and facing other barriers. Through the new Rate Drop Rebate program, small- and medium-sized businesses that hire eligible people can receive discounted rates on financial products, such as loans. The rebate is made possible through funding from Ontario’s two-year, $4-million Community Loans Fund.

“We want to foster a more inclusive society in London and across Ontario. Rate Drop Rebate is a win-win program. It will help local businesses get the financing they need to grow and it will provide important job opportunities for capable people who are sometimes overlooked in the job pool.”