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2019-2020 Annual General Meeting

PRESS RELEASE

FOR IMMEDIATE RELEASE JUNE 24, 2020                                                 

COMMUNITY FUTURES PETERBOROUGH SHOWCASES SUCCESS IN THE COMMUNITY
The resiliency of Peterborough’s entrepreneurial community continues to shine and was a focus at this year’s Community Futures AGM, held virtually this morning. Despite the ongoing COVID-19 pandemic and challenges facing our businesses, Peterborough entrepreneurs remain optimistic and committed to their community and how it will rebound.

“ We have seen time and time again from business owners in our region that they are committed to being creative, pivoting where they needed too and embracing a new way of doing business,’ says Gail Moorhouse, Executive Director of Community Futures Peterborough. “I couldn’t be prouder to work with such a resilient group of entrepreneurs.”

Several clients of Community Futures leveraged programs offered to develop e-commerce,  found virtual offerings to deliver their services online or developed a new product. One of those clients was TreeWell Ltd, who transitioned into making hand sanitizer that can now be bought in stores throughout the community, including Canadian Tire.

COVID-19 allowed CFP to adapt their funding model to accommodate for the need of businesses to receive immediate relief. First, a COVID relief loan offered businesses a loan of up to $20,000, with no interest or payments for the first 90 days followed by an interest rate of 2.45% for the remainder of the term. Second, CFP also administers the Regional Relief and Recovery Fund, which offers loans of up to $40,000 with no interest and no principal payments until December 31st, 2022, with the chance to have 25% of the loan, up to $10,000, forgiven if 75% of the loan is paid by that date.

“It was a year of challenging times for all of us,” said outgoing Chair Peter Gaffney. “I commend the work done by all of the staff at Community Futures to find innovative solutions for our clients during this time.”

The AGM also recognized outgoing Chair Peter Gaffney for his tenure leading the Board of Directors for the previous two and half years. Grant Seabrooke was sworn in as incoming Chair with Devon Girard serving as Vice Chair. Newly appointed Chair Grant Seabrooke says he is looking forward to seeing the growth of the organization during the coming years. “CFP is marking its 35th year this year, and who would have thought it would come at a time where we face unprecedented economic challenges,” says Seabrooke. “I look forward to working closely with our team, our community and government partners, and our clients to find innovative solutions during the coming year.”

More information about the Regional Relief and Recovery Fund and other ways CFP is helping to support business can be found on the CFP website at communityfuturespeterborough.ca

With support from the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), Community Futures Peterborough’s mission is to generate and assist in creating and maintaining sustainable employment opportunities in the City and County of Peterborough by supporting small businesses through flexible financing and business services. CFP has invested $28 million in 700+ small businesses since 1985, leading to the creation or maintenance of more than 3,300 jobs in the City and County.

The organization’s Financial Statements for the period ending March 31, 2020 can be found here.

Media Contact: 
Gail Moorhouse
Executive Director, Community Futures Peterborough
Cell: 705-917-4245           


CAMBIUM WINS COMMUNITY FUTURES PETERBOROUGH INAUGURAL IGNITE100 COMPETITION

Peterborough-based Cambium Consulting & Engineering has received the top prize of the ignite100 competition, announced by Community Futures Peterborough (CFP) at its annual general meeting held this afternoon.

“We are overjoyed to learn of our success in the ignite100 competition,” says Cambium President and CEO John Desbiens. “Thank you to Community Futures Peterborough for the encouragement and belief in the concept.”

The ignite100 program allowed local businesses to compete for a $100,000 loan interest-free for the first three years with no payments for the first year. Cambium was awarded the grand prize, while the two finalists, Cottage Toys and Goodwin Metals Products, will work with CFP to obtain flexible financing options for their new business ventures.

“The ignite100 program was launched by our Board of Directors earlier this year to propel a local business idea that was innovative and able to create local, sustainable jobs in the region,” said CFP Board Chair Peter Gaffney. “We are thrilled to support Cambium on their business venture and congratulate all participants.”

Cambium’s business model includes the development of a system to broker the transfer of excess soil from one construction site to another. “The positive impact of this made-in-Peterborough initiative will be far reaching, further enhanced by guidance from our regional public and private development partners,” adds Desbiens.

More information on the ignite100 program can be found at ignite100.ca or through the CFP website at communityfuturespeterborough.ca

With support from the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), Community Futures Peterborough’s mission is to generate and assist in creating and maintaining sustainable employment opportunities in the City and County of Peterborough by supporting small businesses through flexible financing and business services. CFP has invested $28 million in 700+ small businesses since 1985, leading to the creation or maintenance of more than 3,300 jobs in the City and County.

 

MEDIA CONTACT:

 Gail Moorhouse                                                                                                                     John Desbiens

Executive Director, Community Futures Peterborough                                                  President and CEO, Cambium

Cell: 705 917-4245                                                                                                                 Telephone: 705.742.7900

 

 


Community Futures Peterborough Announces New Funding Competition To Support Business Expansion

ignite100 has officially landed in Peterborough. Community Futures Peterborough announced its new innovation challenge program today giving area businesses the opportunity to compete for significant funding opportunities to grow or expand their business.

“This program is about giving area businesses another avenue to gain a competitive advantage,” says Peter Gaffney, Chair of Community Futures Peterborough. “We wanted to develop something specific for our community and allow as many businesses as possible participate in the competition.”

ignite100 was created by Community Futures Peterborough to assist in local business expansion. This is a local initiative open to all organizations within the city or county of Peterborough that have been in business for more than 2 years. It is also open to any business willing to relocate to the region. All industry sectors are encouraged to participate. 

“The Greater Peterborough community has done an amazing job supporting our youth and startups, and Community Futures Peterborough is a major partner of both the Bear’s Lair and Win this Space programs,” says Gail Moorhouse, Executive Director of Community Futures Peterborough. “We believe that now is the time to focus on business expansion and provide an opportunity for entrepreneurs to catapult their business forward. ignite100 is the catalyst to do just that.”

Entrants to ignite100 are competing for a 3-year interest free loan, with no payments for year one. They will also have access for up to one million dollars as a repayable loan(s) or equity position through Community Futures Peterborough partnerships. 

The Ignite100 website opened for applications on Thursday January 10th, 2019 and applications will be accepted until March 15th, 2019. The winner will be announce at the Community Futures annual AGM and Community BBQ on June 26th, 2019.

More information can be found at www.ignite100.ca

Gail Moorhouse
Executive Director
Community Futures Peterborough
705 745-5434
gail@cfpeterborough.ca


Interim Executive Director appointed for Community Futures Peterborough

PETERBOROUGH –Community Futures Peterborough and its Board of Directors is pleased to announce the appointment of Gail Moorhouse as its interim Executive Director. Moorhouse has valuable knowledge and understanding of Community Futures Peterborough garnered through her roles both in the private sector and as a Board member.

“We are confident Gail is the best person to lead the organization through this transition and maintain stability for our clients during this time,” says Board Chair Peter Gaffney. “In addition to her successful career, her service on the Board provides her with the skills, knowledge and experience to oversee the organization during this transitory period.”

Moorhouse also has more than 20 years’ experience in various sales, management, training and marketing roles. She currently runs her own business in Ennismore and has previously held positions with Microsoft, HP and Catalyst Finance.

Moorhouse is replacing Jeff Day who announced his resignation in December. She has resigned from her position from the Board during this interim appointment.