EODP – Helping Businesses, Helping the Community

Doing our jobs is made so much easier due to the fact that Peterborough has infinite possibilities for growth and development. Local businesses – small, medium and large – have the potential and resources to fulfill their missions and visions for the future, but sometimes they need a little help.  

We understand the challenges and hurdles that businesses can face on their way to reaching their goals. Our board members are local business people that listen to our clients in order to help them succeed. EODP is one of the programs that can give businesses and corporations the assistance that they might need to explore new innovation or expand their business.  

The Eastern Ontario Development Program (EODP) is a non-repayable contribution program that is offered in partnership through the Federal Economic Development Agency for Southern Ontario. For over 10 years, the program has been providing opportunities for economic development, small business growth, job creation and community innovation in order to foster the creation of a competitive and diversified economy.  To date, EODP has supported more than 7600 businesses in Southern Ontario with more than $80 Million… and that number continues to grow!

In Peterborough, our team has had the pleasure of working with individuals and corporations with the result of job growth, economic stability and a greater community offering. Examples of the success of this program can be seen through the recent accomplishments of the New Canadian Centre and the progressive steps that Compass Early Learning and Care are taking. 

New Canadian Centre
In November 2015 refugee resettlement became a priority not only for our government and country, but also for our community. Several private groups decided to sponsor refugees in our area and the New Canadian Centre staff, board and volunteers felt passionately about the need to support the initiative. But they needed to act fast.

Funding from EODP ($17,685) allowed them to hire three staff members to coordinate the refugee resettlement program for a number of months. This enabled them to respond quickly and provide the much needed support to the community and refugees who have already arrived. Because of this funding, they were able to prove that the community was ready and able to support refugee resettlement in our area and led to the Canadian Government naming Peterborough as a new destination for Government Assisted Refugees starting April 1, 2016. Although the EODP funding ended at the end of March 2016, from April on they were able to continue refugee resettlement through a new Refugee Resettlement Assistance Program with funding from the federal government. They were also able to keep the three staff they hired with the EODP funding (they are still employed with them today) and hired an additional three staff to support the program. The seed money from EODP made all of this possible. Receiving $17,685 in funding turned into full time employment for six people for over one year to date.  

“We are very thankful for the funding from EODP, which enabled us to lay the foundation of the Syrian refugee resettlement initiative in our community. The easy and fast application process and administration requirements for the program made the use of the funding transparent and easy to manage. The staff we worked with were helpful and supportive. Thank you for the opportunity. We are looking forward to working with you in the future”. – Hajni Hos, Executive Director, New Canadian Centre, Peterborough

Compass Early Learning and Care
In 2015, Compass Early Learning and Care (formerly Kawartha Child Care Services) applied for an EODP grant to rebrand, increase their marketing efforts, and to expand their employment base. Child care in the province of Ontario is undergoing a large number of modifications which will result in a need for more child care facilities and more trained staff. At Community Futures, we saw this as an opportunity to investing in the future of the region at the root.

Compass Early Learning and Care was successful in their application and received $85,000 in support for their program. They were able to expand their marketing message, reach a wider audience, create jobs, provide safe and educational child care spaces for more children, train more staff and expand their technology with the funds provided from the EODP grant.  

You can view the entire story regarding Compass’ funding approval in Peterborough This Week, please visit: http://www.mykawartha.com/news-story/6253218-peterborough-child-care-company-awarded-85-000-for-job-creation-project/

There are many other projects that have received funding including the research projects by NobleGen Inc., Trent University and PKA SoftTouch; as well as the Community Innovation projects including The Peterborough DBIA and Peterborough Economic Development.

For the full list of recent EODP program recipients, please visit: http://communityfuturespeterborough.ca/eodp/

QUICK FACTS:  

Eligible Recipients:

•        Not for profit organizations including municipalities and municipal organizations, corporations, community economic development organizations

•        Commercial enterprises including individuals, corporations, partnerships, cooperatives, or trusts

•        Aboriginal organizations

•        Post-secondary institutions

 Maximum Contributions

Funding contributions to all Eligible Project Recipients, either For Profit or Non Profit, will be non-repayable contributions, up to 50% of total Eligible Costs, of the approved funding amount, to a maximum of $100,000 per Eligible Project Recipient.

A cash contribution of 50% is mandatory for all projects.

Eligible Costs May Include:

•        Labour: salaries, wages and employer expenses

•        Expertise: consultant* and other professional services. Consultants must operate at arm’s length of the Eligible Recipient and should be experienced, professional and recognized as providing high quality work

•        Non-Capital expenses

•        Capital: equipment 

All program guidelines and the application are available for download at: http://communityfuturespeterborough.ca/eodp/

We anticipate another year of strong applications, followed by exciting project outcomes that will result in job creation, community development and economic strength in our community.