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 – Community Economic Development Projects & – Strategic Community Planning & Priorities
GOVERNANCE Go Gover erne ned d by a by a Volun oluntee teer Boa r Board d of of D Dir irec ector tors, s, cu curren entl tly y 16 16 who ho l liv ive e & & wor ork k in in Pete eterbo rborou ough gh Coun County ty Di Diver erse se ran ange ge of of bus busines iness e s exp xperien erience ces s inc including luding manu manufac acturing, acc turing, accou ounting nting, , fina financ nce, impo e, import/e t/exp xpor ort, t, agricu ricultur lture, e, IT IT, , mun municipal icipal go gover erna nanc nce, e, reta etail il & & co constr nstruc ucti tion on, , & h & hosp ospit italit ality Since 19 Sinc e 1985 85, , $2 $22M i 2M investe ested d in o in over 70 er 700 0 bu busine sinesse sses, c s, crea eati tion on of of 3,000 3,000 j job obs i s in n Pete eterbo rborou ough gh Coun County ty
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
BUSINESS SERVICES Business Planning, Marketing Business consulting, information and referrals Exporting/Importing support Resource library Information on relevant federal and provincial programs and services
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 of Peterborough, GPA EDC
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
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
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
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
CFDC Loan Client Herb Raglan King Street Market Specialty Meats
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
E EODP Charlotte Products Asquith Williams $50,000 R & D grant Green cleaning product with Nanoparticle materials
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
Loans and Business Support Growing Futures Together
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