Community Futures Development Corporations

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Community Futures Development Corporations SME
Industrial Manufacturing Funding
Forum Temiskaming Shores Wednesday, May 20, 2009
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John BernsteinBusiness Development
Officer South Temiskaming CFDC467 Ferguson
AvenueHaileybury, ON, P0J 1K0 [phone]
ext. 221www.southtemiskaming.com
Denis Roy Business Development Officer Kirkland
District CDC 23 Government Road East Kirkland
Lake, ON  P2N 3M6 [phone] Ext
224 www.kdcdc.com
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61 Ontario Community Futures Development
Corporations, (aka CFDCs), are part of a national
network of 268 grass-roots economic development
organizations serving rural and Northern
communities.
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Ontario's network of 61 CFDCs, receives financial
support and advice from
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• CFDCs are
• community-based, not-for-profit organizations
• governed by a local, volunteer board of
  directors
• dedicated to helping local business grow and
  succeed.

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STCFDC provides service to communities from
Marten River to Earlton and Elk Lake to Belle
Vallee
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KDCDC provides service to communities between
Englehart and Matheson, and Matachewan to the
Quebec border.
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CFDC Core Mandates include

• Access to Capital
• Business Services
• Community Economic
  Development

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Access to Capital
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Access to Capital
Through Government of Canada financial support,
each CFDC administers a local investment fund.
CFDCs work with small and medium-sized business
owners and entrepreneurs involved in

• Start-up
• Expansion
• Business stabilization projects

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Access to Capital

• CFDC financing
• Repayable loans
• Other loan products tailored to meet each
  local CFDCs client needs

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Access to Capital

• Repayable Financing
• Local Investment Fund Loans
• 150,000 maximum
• 2. NE Ontario Investment Pool Loans
• 500,000 maximum

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Access to Capital

• Rates Fees
• Interest rates are determined by each individual
  CFDC Board of Directors.
• Our loans are completely open.
• Application or administration fees, if charged at
  all, are minimal.

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Access to Capital

• Financing application guidelines
• Financing for business purposes only
• Job creation or maintenance component
• Financing required is not readily available from
  conventional private sector sources (i.e. banks)

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Business Services
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Business Services
Local entrepreneurs can access

• Business counselling
• Guidance with business plans
• Export support
• Entrepreneurial training CFDI

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Business Services

• STCFDC KDCDC are regional access point for the
  Canada-Ontario Business Service Centre, which
  provides
• Access to information on a wide range of
  business topics e.g. government programs
  services, business planning, regulations,
  licensing, etc.
• Access to a complete business resource library

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Community Economic Development
CFDCs work closely with community partners to
assess local challenges and to look at new ideas
and opportunities that could strengthen their
economies. CFDCs collaborate with a variety of
partners from the public and private sectors to
implement projects or special initiatives
targeted to their communities in areas such as
tourism, entrepreneurship, economic
diversification and community adjustment.
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QUESTIONS?