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Jeff Day appointed as Executive Director of Community Futures Peterborough

FOR IMMEDIATE RELEASE
September 13, 2016

Jeff Day appointed as Executive Director of Community Futures Peterborough

On behalf of the Board of Directors, Community Futures Peterborough, Chair Kim Appleton is pleased to announce the appointment of Jeff Day as the organization’s Executive Director, effective October 3, 2016.

Jeff has extensive business development experience in both the automotive and aerospace sectors, and started from the ground up as a tool and die-maker. His most recent position was as a global business turn-around specialist.

Jeff’s appointment is the result of an extensive search and hiring process the Board’s recruitment committee conducted in the spring and summer. The Board felt Jeff’s broad experience, mindset and business acumen would be assets to the Executive Director role.

“The Board and I are really looking forward to the new vision and energy Jeff will bring to our organization,” says Appleton. “His outgoing personality and easy nature will provide our staff with a great atmosphere in which to thrive, and it won’t be long before Jeff has assimilated himself into the local economic development community.”

jeff-day-smJeff also has deep roots in, and a strong commitment to, the local community. He has been a resident of Peterborough County since his family moved here when he was a young boy. He has volunteered as a youth soccer and hockey coach and ski instructor. Jeff is married to Susan, a health professional, and has three children.

Jeff’s proven experience as a team builder and leader complement his nature to challenge the status quo.

“Jeff’s natural curiosity about businesses, their successes and their challenges, combined with his understanding of global business development and best practices in a multitude of areas, will be a great asset to supporting more and better job growth opportunities for Peterborough County,” Appleton says.

Jeff is equally excited about his new role and the potential for growth in Peterborough and area.

“Although my career over the past 30 years has been with large corporate businesses, my position has always been focused on individual production programs which are all similar in structure to a small business,” Jeff says. “Working globally in the automotive and aerospace sectors has given me exposure to a broad range of visions and best business practices that I’m confident can be applied on a smaller scale to the future development of Peterborough County.”

jeff-day-cfp-smJeff also brings a vision and desire to improve youth employment and increase economic opportunities for future generations.

“For far too long, I’ve watched local students leave Peterborough in search of stable work or suitable careers – my oldest daughter being one of them,” Jeff explains. “Accepting this position provides me with the opportunity to give back to the community some of what it has provided me over the past 42 years and to help develop our local economy at the same time.”

In his position as Executive Director, Jeff will supervise three staff and work with the 15-member

Board, all of whom are local business owners and professionals.

The position of General Manager was previously held from May 2014 to April 2016 by Tonya Kraan, who left to start her own consulting firm STREXER Business Development. Judy Heffernan previously led the organization as General Manager for 17 years, until she passed away on July 25, 2013 from a sudden brain cancer diagnosis.

Community Futures Peterborough is a not-for-profit organization funded through the Federal government. It was established in 1985 with a mandate to administer a community loan fund in support of small and medium-sized businesses. Community Futures Peterborough promotes economic growth and diversification that creates and maintains jobs in the City and County of Peterborough. Since its inception it has disbursed loans totalling $26,004,390 to 672 small businesses, helping them create and maintain 3,344 jobs.

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For further information and interviews related to this release:
Board Chair
Community Futures Peterborough (CFP)
705-745-5434  chair@cfpeterborough.ca

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Picture of The Honourable Chrystia Freeland

Application for ICCI 2017

As part of our government’s trade and investment agenda, we are committed to support Canadian communities looking to attract job-creating foreign investment to their regions. I am therefore pleased to announce that the Invest Canada – Community Initiative (ICCI) program is accepting applications for 2017 as of today, September 6, 2016.

ICCI provides financial support to communities for foreign direct investment initiatives and activities which create economic prosperity here at home. ICCI is one of the pillars of the Global Markets Support Program (GMSP). Other pillars of the GMSP support Canadian exporters, associations and innovators.

Please find further application details below, and do not hesitate to reach out if you have any questions. Let’s join forces in showcasing Canada’s advantages to international investors.

Sincerely,

The Honourable Chrystia Freeland
Minister of International Trade

ICCI PROGRAM LAUNCH:

  • As of today, September 6, 2016, the Invest Canada-Community Initiatives (ICCI) component of the Global Markets Support Program is accepting applications from Canadian communities seeking financial support for their foreign direct investment initiatives for 2017.
  • Applications must be submitted before 15:00 (Eastern Daylight Time), on Friday, October 14, 2016. Communities must submit the final draft of their application by the deadline to be considered for funding. Incomplete applications will be rejected. Applications submitted after the deadline will be rejected. We would like to remind you that only one submission is allowed per applicant.
  • Communities and organizations having submitted a funding request will be informed of the results of the adjudication process around mid-December. Should there be any delays in announcing the results, recipients will be given at least 12 months to undertake and complete their projects.

PREPARING YOUR APPLICATION:

  • We invite you to visit our website for more information on program eligibility.
  • In order to assist you with the preparation of your application, ICCI program management will be holding tutorial webinars on September 15th, 2016 in both official languages. The English tutorial will take place at 13:30 EDT. The French tutorial will take place at 10:30 EDT. We expect the tutorial to last about one hour. For more information about the webinar, please consult the ICCI website.

ACCESSING THE APPLICATION THROUGH THE PORTAL:

  • Please read the How to Submit an Application for Funding page from the ICCI website in order to familiarize yourself with the application process.
  • In order to apply for 2017 funding, you are required to register to the Partners@International Portal at the following link. Once registered, it may take up to 2 business days for you to be able to log in to your new account for the first time.
  • You will only be able to access the ICCI Application Form once you have (1) registered on the Portal, (2) uploaded the letter of incorporation/proof of legal status of your organisation, and (3) downloaded the PDF application form from the Partners@International Portal. The deadline to submit your application is October 14, 2016.

The only way to submit an application is through the Partners@International portal. Mailed, emailed or faxed applications will not be accepted.


picture of The Honourable Chrystia Freeland

Soumission de demandes ICIC pour 2017

Dans le cadre du programme de notre gouvernement en matière de commerce et d’investissement, nous tenons à soutenir les collectivités canadiennes qui cherchent à attirer des investissements étrangers qui créent des emplois dans leurs régions.  Il me fait donc plaisir d’annoncer que le programme Investissement Canada – Initiatives des communautés (ICIC) accepte les demandes de financement pour l’année 2017 à compter d’aujourd’hui le 6 septembre 2016.

ICIC offre un soutien financier aux collectivités pour leurs initiatives et activités liées à l’attraction d’investissements directs étrangers qui contribuent à la prospérité économique au pays. ICIC est l’une des composantes du programme de soutien aux marchés mondiaux (PSMM). Les autres composantes du PSMM appuient également les exportateurs, les associations et les sociétés innovatrices.

Veuillez trouver plus de détails sur le processus d’application ci-dessous, et n’hésitez pas à nous contacter si vous avez des questions. Travaillons ensemble afin de promouvoir les avantages du Canada auprès des investisseurs internationaux.

Sincèrement,

L’honorable Chrystia Freeland
Ministre du Commerce international

LANCEMENT DU PROGRAMME ICIC :

  • À partir d’aujourd’hui, le 6 septembre 2016 le programme Investissement Canada – Initiatives des communautés (ICIC), une composante du Programme de soutien aux marchés mondiaux, accepte des applications provenant des collectivités canadiennes qui cherchent un soutien financier pour leurs projets d’investissement direct étranger pour 2017.
  • La date limite de présentation des demandes de financement est le vendredi 14 octobre 2016 à 15h00 (heure avancée de l’est). Seules les demandes complètes reçues avant la date limite seront prises en considération. Toute demande   incomplète sera refusée. Toute demande reçue après la date limite sera refusée. Veuillez noter qu’une seule demande par requérant sera acceptée.
  • Les communautés et organisations ayant soumis des demandes de financement seront avisées des résultats du processus d’adjudication vers la mi-décembre. En cas de délais dans l’annonce des résultats, les bénéficiaires disposeront d’au moins 12 mois pour entreprendre et compléter leurs projets.

PRÉPARER VOTRE DEMANDE :

  • Nous vous invitons à consulter notre site Web pour trouver plus de renseignements sur les critères d’admissibilité.
  • Afin de vous aider à préparer votre demande, la gestion du programme ICIC présentera des tutoriels sous forme de webinaires le 15 septembre 2016, dans les deux langues officielles. Le tutoriel en français aura lieu à 10h30 HAE. Le tutoriel en anglais débutera à 13h30 HAE. Le tutoriel devrait durer environ une heure. Pour de plus amples renseignements à propos du webinaire, veuillez consulter le site Web ICIC.

ACCÉDER AU FORMULAIRE DE DEMANDE VIA LE PORTAIL :

  • Veuillez lire attentivement la page Comment présenter une demande du site Web afin de vous familiariser avec le processus de demande.
  • Afin de soumettre une demande de financement pour 2017, vous devez inscrire votre organisation au portail Partenaires@International au lien suivant. Une fois inscrit, cela peut prendre jusqu’à deux jours avant que vous puissiez accéder pour la première fois à votre nouveau compte.
  • Vous ne pourrez accéder au formulaire de demande d’ICIC que lorsque (1) vous vous serez inscrit au portail; (2) vous aurez téléchargé la lettre d’incorporation ou la preuve de statut juridique de votre organisation; (3) vous aurez téléchargé le formulaire en format PDF du portail Partenaires@International. La date limite pour soumettre votre demande est le 14 octobre 2016.
  • La seule façon de présenter une demande est via le portail Partenaires@International. Les demandes transmises par la poste, par courriel ou par télécopieur ne seront pas acceptées.

New Board

Community Futures Peterborough is pleased to announce new directors elected to its Board. At the Annual General Meeting Kim Appleton was elected Chair of the Board. Kim replaced Dan Stanford who had held the position for the past two years and was leaving the Board after completing 10 years of service.

Kim Appleton is the President, CAO and a founding partner of Emmatt Digital Solutions Inc., an international, full-service web development agency. Since 1998, Emmatt has been assisting businesses to be more efficient and profitable through the adoption of leading-edge technologies such as online databases, e-commerce and fundraising platforms, responsive web design, mobile apps, and search engine optimization. Kim is a Past President of the Women’s Business Network of Peterborough.

Kim said “I very am pleased to accept this honour, Community Futures plays a very important role in helping small business within Peterborough County and City, we want to continue and indeed broaden our base by lending money to support growth and expansion. All of which generates jobs and creates an improved economy”. She complimented the previous Boards for their work that had been done and said “I am looking forward to continue working with our Board and staff to serve the entrepreneurs of our community”.


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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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