Loans and Business Support Growing Futures Together COMMUNITY - - PowerPoint PPT Presentation

▶
loans and business support
SMART_READER_LITE
LIVE PREVIEW

Loans and Business Support Growing Futures Together COMMUNITY - - PowerPoint PPT Presentation

Apr 28, 2023 352 likes •519 views

Loans and Business Support Growing Futures Together COMMUNITY FUTURES DEVELOPMENT CORPORATION Federally funded by Federal Development Agency for Southern Ontario (FedDev) Mission Mandate Access to Capital Business Services

slide-1
SLIDE 1

Loans and Business Support Growing Futures Together

slide-2
SLIDE 2

COMMUNITY FUTURES DEVELOPMENT CORPORATION

 Federally funded by Federal Development

Agency for Southern Ontario (FedDev)

 Mission  Mandate

– Access to Capital – Business Services – Community Economic Development Projects & – Strategic Community Planning & Priorities

slide-3
SLIDE 3

GOVERNANCE

Go Gover erne ned d by a by a Volun

  • luntee

teer Boa r Board d of

  • f D

Dir irec ector tors, s, cu curren entl tly y 16 16 who ho l liv ive e & & wor

  • rk

k in in Pete eterbo rborou

  • ugh

gh Coun County ty Di Diver erse se ran ange ge of

  • f bus

busines iness e s exp xperien erience ces s inc including luding manu manufac acturing, acc turing, accou

  • unting

nting, , fina financ nce, impo e, import/e t/exp xpor

  • rt,

t, agricu ricultur lture, e, IT IT, , mun municipal icipal go gover erna nanc nce, e, reta etail il & & co constr nstruc ucti tion

  • n,

, & h & hosp

  • spit

italit ality Sinc Since 19 e 1985 85, , $2 $22M i 2M investe ested d in o in over 70 er 700 bu busine sinesse sses, c s, crea eati tion

  • n of
  • f 3,000

3,000 j job

  • bs i

s in n Pete eterbo rborou

  • ugh

gh Coun County ty

slide-4
SLIDE 4

ACCESS TO CAPITAL

 Repayable Loans-$150,000 limit  Comparable interest rates and flexible

terms of repayment based on cash flow

 EO Investment Pool– up to $500K

Criteria:

 Viable business plan  Creation or maintenance of jobs

slide-5
SLIDE 5

BUSINESS SERVICES

 Business Planning, Marketing  Business consulting, information

and referrals

 Exporting/Importing support  Resource library  Information on relevant federal and

provincial programs and services

slide-6
SLIDE 6

COMMUNITY ECONOMIC & STRATEGIC PLANNING

 CED activities that support

community-based projects and special initiatives, i.e. New Canadian Centre, Agricultural Impact Study, KBE, Skills Development

 Greater Peterborough Innovation

Cluster, Trent Univ. & SSFC, 4 Chambers of Commerce, City & County

  • f Peterborough, GPA EDC
slide-7
SLIDE 7

EASTERN ONTARIO DEVELOPMENT PROGRAM (EODP)

 EODP introduced Oct.’04 by PM Harper,

a $10M socio economic development initiative for EO, delivered by EO CFDCs

 Since Oct. 2004, 15 CFs in EO have rec’d

$65M leveraging a further $300M from partners, delivering 5,500 projects

 Each CFDC administer $858,000

annually under two pillars of funding

 Local decision making

slide-8
SLIDE 8

EODP COMPONENTS

BUSINESS DEVELOPMENT

 Eligible activities:

– Training & Skills development – Web enhancement, e-commerce, GIS appl., software development – Business plans, expansion plans & feasibility studies – Research & Development – Trade Show exhibits for market expansion – Internships-Youth & Non-Youth Not to exceed 50% of eligible project costs to max. of $100,000

slide-9
SLIDE 9

EODP COMPONENTS

COMMUNITY INNOVATION

 Eligible Activities:

– Community based economic development initiatives

  • Research Projects
  • Marketing & Promotional activities
  • Tourism events
  • Export & Trade Initiatives
  • Facilitation of workshops/seminars
  • Small scale physical works

Not to exceed 50% of eligible project costs to

  • max. of $100,000
slide-10
SLIDE 10

EODP INITIATIVES

 Not For Profit Organizations may apply for up

to 100% of the total eligible costs to a maximum of $100,000

 Exceptions:

Skills Development-Up to $5,000 per employee to max of $25,000/organization

 Internships-Up to $2,500/month , max of

$15,000 in a 12 month period

slide-11
SLIDE 11

CFDC Loan Client

 Herb Raglan  King Street

Market

 Specialty Meats

slide-12
SLIDE 12

EODP PKA SoftTouch Dick Crawford

 Approved for $75,000

for execution of micro-needle device in clinical trial studies in India

 Approval of $15,000

for Intern to assist with Business Development

slide-13
SLIDE 13

E EODP Charlotte Products Asquith Williams

 $50,000 R & D

grant

 Green cleaning

product with Nanoparticle materials

slide-14
SLIDE 14

MAKE YOUR BUSINESS DREAM BECOME REALITY

 Governed by local business people

who know and understand local business

 Next EODP intake date Feb. 2013  Contact your CFDC-705-745-5434  www.cdc.on.ca

slide-15
SLIDE 15

Loans and Business Support Growing Futures Together