Board of Directors Opportunity

Community Futures Peterborough is a not-for-profit organization that provides startup & expansion loans and counselling services to small businesses. We receive operational funding assistance provided from the Government of Canada through FedDev Ontario.

Founded in 1985, Community Futures has provided more than 700 businesses with loans in excess of $28,000,000.

We are looking for residents of Peterborough County to add to our professional team of volunteers. Specifically we are seeking individuals who:

  • Are interested in community economic development
  • Have an understanding of financial statements
  • Have the desire to provide mentoring to small business owners

If you feel you have the experience and desire to be a Community Futures Director, and can commit to a 3 year term, please send your cover letter and resume by April 29, 2016 to:

info@cfpeterborough.ca

or

via fax: 705-745-2369

For further information please visit: www.communityfuturespeterborough.ca


General Manager Moving To New Challenges

General Manager Moving To New Challenges

March 10, 2016    Peterborough, ON

 

General Manager Tonya Kraan has announced plans to leave Community Futures Peterborough following two years of leading the organization through change and growth.

“It has been a whirlwind two years.” says Tonya who previously was Manager of Innovation for the City of Kawartha Lakes. “it was exciting to help introduce some new concepts and innovation throughout the organization in order to support more than 200 businesses start or expand their businesses. It has been a pleasure to serve as the General Manager for 2 years and I look forward to watching the next chapters unfold.”

Ms. Kraan represented Community Futures Peterborough throughout the business community of the greater Peterborough area sitting on committees of Bears’ Lair, Startup Peterborough, New Canadian Centre’s Employment Working Group and as a Director with the Kawartha Chamber of Commerce & Tourism. Most recently she has contributed to the Local Employment Planning Council initiative with the Workforce Development Board and the Ministry of Training, Colleges and Universities, Chairing the Business & Industry working group for Northumberland, Peterborough, Kawartha Lakes and Haliburton.

“Tonya has promoted our organization exceptionally well to our stakeholders as we’ve continued to support local business.  Relationships with community partners are stronger thanks to her tremendous work and we wish her well in her new endeavour” said Dan Stanford, Chair.

Former Board Chair Doug Armstrong has agreed to act as Interim General Manager once Ms. Kraan departs.  The Board of Directors has begun the recruitment process for a new leader.

About Community Futures Peterborough:

 

  • Community Futures Peterborough is funded through the federal government and was established in 1985, with a mandate to administer a community loan fund in support of small and medium-sized businesses.
  • The local impact of the lending activity by Community Futures Peterborough can be determined using the economic impact rule of thumb determined in the Conference Board of Canada‘s study of Ontario CFDCs. Total lending by Community Futures Peterborough from 2009 to 2014 ($7,551,486) x 4.5 = $33,981,687 impact on real GDP
  • Community Futures promotes economic growth and diversification that creates and maintains jobs in the City and County of Peterborough. Community Futures Peterborough has disbursed loans to 672 small businesses totalling $26,004,390, helping them maintain and create 3344 jobs since its inception.

 

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For media inquiries, please contact:

 

Dan Stanford

Board Chair

705-875-1968


The impact of Community Futures’ lending on Peterborough’s economy

More Bang For The Buck

February 12, 2016          Peterborough, ON

The impact of the Community Futures Development Corporations’ lending on Ontario’s economy

The Conference Board of Canada (CBoC) undertook a research project for the Ontario Association of Community Futures Development Corporations (OACFDC) to determine the economic impact on Ontario of the lending services provided through the Community Futures Lending Program from 2009-2014.

This report, More Bang for the Buck – The Impact of the Community Futures Program on Ontario’s Economy, is an update to the CBoC’s June 2010 research report. This new research shows a continued positive impact.  Again, it confirms what many involved in the Community Futures Program have long believed:  “We find that the program, which is meant to ease credit conditions for small and medium-sized businesses in rural communities, has significant economic clout,” is the way the independent research organization, the Conference Board of Canada (CBoC) sums it up.

The Conference Board applied its well- tested Ontario econometric model, noting that from April 2009 to March 2015; the program disbursed $396 million in loans and raised a total of $ 1.142 billion in new capital investment funds—with just over $746 million in spending due to investments from owner’s equity and funds borrowed from third-party lenders. A total of 22,600 person-years of employment were created by the program over six years.

The report goes on to point out “for each $1.00 of direct lending through the program, real GDP is lifted by $4.50.” This is up from the $4.22 indicated in the last report. Excluding the potential boost to corporate income tax revenues, the federal government’s books would stand to improve by a cumulative $307 million over the 2009-14 periods. This compares favourably with the $122 million in federal contributions to support the Community Futures Program over the same time period.

“The key to this program has always been its grassroots focus. Decisions are made right here in Peterborough based on the current priorities of small business owners.” said Tonya Kraan, the General Manager of Community Futures Peterborough “The commitment of the staff and volunteers, who work with and for the entrepreneurs and communities they serve, proves that the Community Futures Program lending services is beneficial to Peterborough’s economy. Our $7,551,486 in lending over the 5 year period equals a $33,981,687 impact on real GDP in Peterborough County.” 

About Community Futures Peterborough:

  •  Community Futures Peterborough is funded through the federal government and was established in 1985, with a mandate to administer a community loan fund in support of small and medium-sized businesses.
  • The local impact of the lending activity by Community Futures Peterborough can be determined using the economic impact rule of thumb determined in the Conference Board of Canada‘s study of Ontario CFDCs. Total lending by Community Futures Peterborough from 2009 to 2014 ($7,551,486) x 4.5 = $33,981,687 impact on real GDP
  • Community Futures promotes economic growth and diversification that creates and maintains jobs in the City and County of Peterborough. Community Futures Peterborough has disbursed loans to 672 small businesses totaling $26,004,390, helping them maintain and create 3344 jobs since its inception.

 


Funding Available For Expanding Local Companies to Create Employment Opportunities

MEDIA RELEASE

For Immediate Release

 Funding Available For Expanding Local Companies to Create Employment Opportunities

 February 3, 2016   Peterborough, ON

The Peterborough Community Futures Development Corporation (CFDC) is now accepting new applications through the Eastern Ontario Development Program (EODP), which advances economic development in rural eastern Ontario.

A wide variety of projects focusing on business growth, community innovation and/or collaborative economic development will be considered for non-repayable contributions through this Government of Canada program, supported by the Federal Economic Development Agency for Southern Ontario (FedDev Ontario). All decisions are made locally, by the volunteer Peterborough CFDC Board of Directors, which considers projects throughout the City and County of Peterborough. For full details on eligibility please visit: www.communityfuturespeterborough.ca .

The deadline for applications is February 23, 2016.

Through EODP, FedDev Ontario is collaborating with CFDCs in eastern Ontario and the Eastern Ontario Community Futures Development Corporations Network Inc. (EOCFDC Network) to promote the growth of new and existing businesses in rural communities.

Quick Facts

  • The Peterborough Community Futures Development Corporation (CFDC) provides services for passionate entrepreneurs who require financing and understanding to start or expand their business. They have been proudly assisting the Peterborough community since 1985 with flexible financing, loans and non-repayable contributions.
  • The Peterborough CFDC is one of the 15 Community Futures Development Corporations (CFDCs) in eastern Ontario funded by the Eastern Ontario Development Program (EODP) through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario). CFDCs deliver a wide variety of programs and services to support community economic development and small business growth. They employ local staff and are each governed by a volunteer board of directors, made up of local residents representing the community.
  • The EODP is a $48-million economic development initiative focused on addressing economic challenges in eastern Ontario and taking advantage of innovative opportunities in the region. The five-year renewal of the program, from 2014 to 2019, is expected to result in more strategic, long-term economic development investments and collaborative projects that will benefit eastern Ontario businesses and communities.

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Associated Links

 

 


Compass Early Learning Centre Expanded

Compass Early Learning Centre Expanded

Published in the Peterborough This Week – January 28, 2016

More smiling faces, laughing and learning — as well as more jobs — are some of the benefits the community will reap after a Peterborough-based child care business received an $85,000 non-repayable contribution from Community Futures.

Tonya Kraan, general manager of Peterborough Community Futures Development Corporation, says the Eastern Ontario Development Program, is intended to help catapult businesses to the next level.

It’s an investment into the future, Ms Kraan says, one that will not only help the grant recipients but also the community at large.

“We have the flexibility to approve projects that are going to be the best for the community,” she says. “It’s really about what is best for Peterborough.”

 To view the full story, visit: http://www.mykawartha.com/news-story/6253218-peterborough-child-care-company-awarded-85-000-for-job-creation-project/

EODP Project Funded By The Government Of Canada


Peter Gaffney and Dan Stanford Sign PED-CFDC MOU November 2015

Community Futures & Peterborough Economic Development Sign Memorandum Of Understanding

Community Futures Peterborough and Peterborough Economic Development’s Business Advisory Centre have signed a memorandum of understanding aimed at improving service to local businesses by simplifying how Community Futures and PED’s Business Advisory Centre work together.

This agreement will streamline how businesses access the complementary services of both organizations. The focus is on cross-promotion of services to small to medium-sized enterprises (SMEs), and will ensure that businesses utilize Business Advisory Centre services to assist them in preparing their loan application, business plan and pitch for financing to Community Futures. Past clients, have experienced a higher success rate in their loan application with CFDC when they utilize the Business Advisory Centre’s services.

“Our organization has a strategic focus on startups and entrepreneurship,” explains Peterborough Economic Development Board Chair, Peter Gaffney. “This agreement and partnership with Community Futures allows us to better support the growth of small businesses in our region by creating a clear pathway between business planning and accessing capital. By helping businesses in their early stages we create positive economic impact and job creation for the City & County of Peterborough.”

“The key to Community Futures program across Canada has always been its flexibility for small business owners because lending decisions are made locally by volunteer Board of Directors who believe that character is your greatest asset. This agreement with PED will help entrepreneurs fill in the pieces of their business plan so that they have the best chance at securing a small business loan to finance their new business. It’s very difficult for a business operating for under 2 years to get financing, we exist for this very purpose” said Dan Stanford, Board Chair of Community Futures Peterborough.

 

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The mission of Peterborough Economic Development is to lead Peterborough’s economic growth by attracting the talent, innovation and investments that create desirable jobs and an irresistible place to live and visit.

www.peterboroughed.ca

The mission of Peterborough CFDC is to generate and assist in the creation of employment opportunities in the City and County of Peterborough. We accomplish this mission primarily by supporting small business development through flexible financing and business counselling services.

www.communityfuturespeterborough.ca


Community Futures Assisted 130 Small Business Clients To Create 262 Jobs

 

Dan Stanford, Chair of the Board of Directors for the Greater Peterborough Business Development Centre, Inc. (operating as Community Futures Peterborough) reported a strong year of performance at their annual general meeting today. “Last year the Board of Directors invested $2,006,602 in loans to help small businesses create jobs. This brings the cumulative total of jobs Community Futures loan clients have maintained or added to their workforce to 3344 over the past 30 years” said Stanford.

For the period ending March 31, 2015, Community Futures Peterborough provided financial or advisory support to:

  • 40 new businesses
  •  90 existing businesses

These 130 small businesses created 262 jobs within Peterborough County. The Corporation received $811,785 in government funding to support those companies, resulting in an average cost per new job of $3098.

For the period ending March 31, 2015, Community Futures Peterborough disbursed:

  • $2,006,602 in secured term loans through the Community Futures Program
  • $451,100 in non-repayable contributions through the Eastern Ontario Development Program

“Community Futures was a great resource for us to not only fund our startup but also offered a wealth of contacts and services that helped us succeed with our new company” said  client Alex Bushell of Lab Improvements, “here we are, 9 months later with 4 employees…”

The total value of the Investment Fund as of March 31, 2015 was $7,572,161 which has grown by 389% since incorporation in 1985. Community Futures does not receive government funding to grow this fund. The investment fund has grown due to the financial health of the 672 small businesses that have been supported by Community Futures Peterborough over 30 years. Their repayments are continuously reinvested into other small businesses in Peterborough County.

About Community Futures Peterborough

For 30 years, Community Futures staff and volunteer Board of Directors have been tailoring flexible financing solutions to each small business – from startup through to expansion, loans are available up to $250,000.

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For media inquiries, please contact:

Tonya Kraan, General Manager:  705-745-5434


Noble Purification Logo

Community Futures Client – Noble Purification Open House Featured On CHEX TV

Entrepreneur Adam Noble held an open house  to unveil Noble Purification’s new bio filtration facility.  

The Peterborough CFDC was there along with dozens of others to celebrate their successes. Noble Purification received an Eastern Ontario Development Program  $100,000 non-repayable grant to help offset the cost of purchasing some of the equipment.

For the full story, visit: http://www.chextv.com/2015/09/01/new-environmental-technology-grown-hernoble-purifications-inc-holds-open-house/


PCFDC Board of Directors 2014-15

AGM – September 22

Join us as we celebrate 30 years of investing in Peterborough. 

RSVP  https://www.eventbrite.com/e/peterborough-cfdc-agm-tickets-18098767902

To date, we’ve invested close to $27,000,000 in local small businesses – help us reach $30,000,000 in our 30th year! CFDC staff and volunteers do great work in the community – learn more at our AGM on September 22nd.  

You will hear from Economic Development professionals and businesses throughout the City and County of Peterborough as to how our volunteer Board of Directors and staff have assisted 700+ business start or grow.

We’ll share examples of partnerships where the CFDC has worked with banks, credit unions, BDC, FedDev and others to get the financing small business needed to thrive.


Harley Farms shop-sign

Community Futures Client – Harley Farms Featured In The Toronto Star

There is a 180-year-old wooden barn on Roger Harley’s farm. But no animals live inside it.

“The only thing we use it for is storage and a kind of collecting yard,” he says. “Our animals live outside, 365 days a year, the way nature intended. They all have shelter outside.”

Harley’s 400-hectare farm, two hours northeast of Toronto near Peterborough, provides a viable alternative to industrial farms — financially and practically. He figures he makes as much per acre as an industrial farmer. But for animals, it provides something the industrial model does not: a good life.

His pigs don’t spend their lives in small, solitary steel cages. They live in families, on acre-large (0.4-hectare) lots, where they can root and wallow in the mud, and raise their young.

“That’s the sound of a contented pig,” says Harley, listening to a sow grunting and chasing after her piglets.

“They don’t have sweat glands, so when they get hot they dig a hole and wallow. Imagine how frustrating it is if all you want to do all day is wallow, and you are stuck on a concrete floor.”

While most industrial farmers pick breeds for weight gain, Harley searched for hardiness. He raises 130 Belted Galloway cattle, 700 Tamworth pigs and 850 Wiltshire Horned sheep, which all can withstand the cold.

He does no mutilations, besides boar castrations performed with anesthetic, and no artificial insemination. His animals make babies the old-fashioned way.

“We don’t put the animals on antibiotics unless they need treatment, but we haven’t needed that for about two years,” says Harley, 56. “We find because they are stress-free, they don’t get sick.”

To view the full story about Harley Farms in the Toronto Star, visit:  http://www.thestar.com/news/insight/2015/08/01/sonia-faruqis-journey-from-wall-street-to-hay-street.html