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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