TEMISKAMING DEVELOPMENT FUND CORP.

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TEMISKAMING DEVELOPMENT FUND CORP.
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What is Temfund?

• An aggressive, yet selective lender to new and
  existing businesses in the Resource Industrial
  sector and tourism related organizations within
  the District of Temiskaming
• Primary goal is to promote economic growth within
  Temiskaming
• Temfund provides business loans and counseling
  services to Temiskaming companies and
  entrepreneurs.
• Registered as a non-profit Ontario Corporation

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Our History

• Established on April 4, 1990
• Agreement between Dofasco Inc., Cliffs of Canada
  Limited, Northern Ontario Heritage Fund
  Corporation the Temiskaming Development Fund
  Corporation
• Incentive loan program established through 4
  million donated from Dofasco and Cliffs to
  mitigate job losses resulting from closure of
  Sherman Adams mine
• Divested to the local board on September 17, 1997
• The Board of Directors is made up of eight
  individuals.
• One member represents the United Steel Workers,
  and the remainder represent the municipalities of
  the District of Temiskaming

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Our Mandate

• To provide assistance to project proponents who
  preferably have the capacity and initiative to
• Create new jobs for Temiskaming residents
• Enhance opportunities for labour force to remain
  in our area
• Offer a niche service/product which displaces
  imports
• Provide value added and export potential

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Eligibility Guidelines

• Temfund will consider providing repayable loans
  to private sector companies, with preference
  given to projects which provide
• a demonstrated regional economic benefit
• import replacement opportunities
• strategic partnership linkages
• Temfund will not assist companies in cases which
  would provide unfair competitive advantage to
  other similar existing companies within the area.

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Excluded Sectors

• Projects which do not qualify include
• Retail or service sector and non-profit/charitable
  organizations unless significant regional
  economic benefit is proven
• Municipal infrastructure

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Our Board of Directors

• Lee Brunette - President
• Gaetan Lecompte - Past President
• Pauline Brassard Vice-President
• Susan Cavanagh - Secretary/Treasurer
• Bill Mackey - Director
• Peter Bodick - Director
• George Lefebvre Director
• Richard Green - Director
• The Board of Directors is made up of eight
  individuals.
• One member represents the United Steel Workers,
  and the remainder represent the municipalities of
  the District of Temiskaming

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Our Staff

• Lorne Hillcoat
• Business Development
• Tourism Coordinator
• Cindy Little
• Administrative Assistant

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Ex Officio Members

• Mayor Andre Belanger - Cobalt
• Mayor Nina Wallace - Englehart
• Mayor Bill Enouy Kirkland Lake
• Mayor Peter Davies - Latchford
• Mayor Judy Pace Temiskaming Shores
• Mayor Ike Laba - Temagami

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Clients

• Elk Lake Eco Resource Centre Rosko Forestry
• South Wabi Sawmill OvrX Manufacturing Inc.
• Meatless Gourmet Inc. Steves Cut to Size
• Mindoka Technology T.I.M.E. Ltd.
• Miron Natural Stone Wabi Iron Steel
• Munder Tech Inc. Polymet Resources
• Nor Arc Steel Fabricators Gencor Foods Thornloe
• Lauzon Landscaping Fabrithane Ind. Products

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Sponsorships
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Loan Stats
FUNDING SINCE INCEPTION As At October 15, 2008
NUMBER OF LOANS
AMOUNT
4,757,825
34
LOANS PAID OUT
3,903,966
27
Current Loan Balance
649,281
21
Forgiven/Donated
874,749
12
Written Off
10,185,821
TOTAL AMOUNT APPROVED
34
2,999,316
Loans Undisbursed/Rescinded by Client
733,500 from 1989 1997 141,249 from
1997 - 2008
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Other Temfund Regional Activities

• Past Present
• Temiskaming Tourism Committee Treasure Tours
• Tembec Kenogami Sawmill Task Force
• NEOSCIA Agricultural Intern Oat Anti-Oxidant
  Project
• Timber Operations Technician Program
• Vale Added Wood Opportunities Committee
• Temiskaming Oilseed Industry Study Biodiesel /
  Bio Fuels Committee
• Global Traders Awards Nominations
• Ottawa River Waterway
• Temagami MNR Local Citizens Committee Temagami
  Integrated Plan
• Entre Amis Lake Temiskaming Circle Tour
• Temiskaming Angel Investment Group
• International Plowing Match