Funding for non-repayable contributions from $250,000 up to $5 million per project for not-for-profit organizations amd no interest, repayable contributions from $250,000 up to $5 million per project for incorporated businesses, including Indigenous businesses is available to:
Prescott-Russell Economic Development Strategy
After several months of consultation, it is with great pleasure that we present to you the 2019-2024 regional economic development strategy for Prescott-Russell. The orientations, objectives and key actions presented come from several days of consultation with sectoral and community stakeholders. This plan will serve as a compass to guide actions related to economic development and business development in the Prescott-Russell region over the next five years. How do you visualize the region after these five years?
Because of the speed at which the world is changing, the speed at which technology is changing, the economy is changing, it is very difficult to imagine the programs and services offered, our quality of life, our environment or our level of life in a few years ... So, should we wait for events to happen or try to provoke them and make them evolve as we wish?
Today, we are all (communities and entrepreneurs) facing substantially the same issues, namely the shortage of skilled labor, globalization, new technologies, access to capital, infrastructure, high-speed Internet and more. But it is essential to say that those who will succeed will be those who succeed in organizing, consulting, structuring and more particularly evolving and innovating.
The PRCDC and its partners must now be able to align communities, organizations, businesses and entrepreneurs with future regional challenges. By doing so, we will come together to create a sustainable economy and an economically vibrant and prosperous region.
- Increase the number of high-growth firms.
- Strengthen key clusters and build on areas of regional innovation strength.
- Increase the commercialization of new and innovative technologies, products or processes.
- Increase business investments in the adoption/adaptation of leading-edge technologies.
- Create and maintain highly skilled jobs.
- Increase the value of exports.
- Promote inclusive growth and participation of traditionally underrepresented groups such as women, Indigenous and young entrepreneurs.
- Strengthen opportunities and networks to drive growth, and support the attraction and retention of businesses and talent to the Prescott-Russell region.
For more information
We are looking for a professional Business Development Officer who has business loan portfolio management experience, is skilled in business counselling and relationship building, and enjoys marketing products and services in a performance-based environment. Reporting to the Executive Director, the Business Development Officer is responsible for developing, promoting, maintaining and delivering the business loan, business grant, and business advice services of Prescott-Russell CFDC. As part of a collaborative team, the Business Loans Officer will contribute to the effectiveness of the organization, positive staff morale and a high-performance teamwork environment.
Click on this LINK for responsibilities, qualifications and how to apply
The Honorable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for FedDev Ontario announced Wednesday, February 28th 2019. He was accompanied by the Honorable Bernadette Jordan, Minister of Rural Economic Development and Francis Drouin, Member of Parliament for Glengarry-Prescott-Russell.
"All communities in southern Ontario from Prescott-Russell to Bruce Township, to Welland and Windsor will benefit" said MP Drouin at a news conference with mayors of Glengarry-Prescott-Russell and several prominent figures from Eastern Ontario.
It is no coincidence that this annoucement took place at Battleshield Industries Ltd., in the Vars Industrial Park, "as it is a perfect example of a small, growing, successful business." said Minister Bains.
The 15 Community Futures Programs (CFDCs) in Eastern Ontario will also receive $15 million over two years, or $1 million each over two years. "The goal is to grow small businesses to hire more and keep people in their communities." said Minister Bains. "We want to give them the financial tools they need."
Minister Bains has also launched a mobilization process, inviting stakeholders in the region to provide input that will help focus new investments and maximize their impact in southern Ontario. "With this new funding, FedDev Ontario will continue to grow innovative businesses, strenghthen innovation networks and drive economic growth in their communities, now and in the future." he pursued.
It was also announced that FedDev Ontario will devote an initial $100 million to projects that stimulate innovation and growth in rural communities. FedDev Ontario administers its new funding under three components: Scaling and Business Productivity, Regional Innovation Ecosystem and Economic Development and Community Diversification.
"FedDev Ontario's $100 million three-year funding will create more opportunities to drive growth, support businessses and attract talent to rural and smaller areas in southern Ontario, which will strenghten communities and improve the quality of life." said Rural Economic Development Minister, Bernadette Jordan. She will oversee the development strategy to encourage economic growth and create jobs in rural Canada.
FedDev Ontario will meet the representatives from business, industry and academic areas. Aboriginal communities, and organizations in urban and rural communities in southern Ontario.
(Article Édition André Paquette - 28 février 2019 - translated)
Dear Sir / Madam:
I would like to share with you the launch of Canada’s first ever Women’s Entrepreneurship Strategy. This Strategy is part of the Government of Canada’s commitment to helping companies start up, scale-up, and access new markets.
As part of the Women’s Entrepreneurship Strategy two new funds have been launched, which mark our commitment to women led businesses across Canada and to the organizations that support them. I encourage you to learn more about the WES Ecosystem Fund (deadline to submit an application is November 22, 2018) and Women Entrepreneurship Fund (deadline to submit an application is November 15, 2018) and to share the application information with organizations and women who may benefit from them.
Please accept my best wishes.
The Honourable Mary Ng, P.C., M.P.
PRESCOTT-RUSSELL (Ontario), September 25th 2018 — The Prescott-Russell Community Development Corporation (PRCDC) announces the election of Mr. Eric Drouin as Chairperson of the Board of Directors of the PRCDC for 2018-2019.
During its Annual General Meeting held September 25th in Hawkesbury, Ontario, Mr. Eric Drouin
(Chairperson) highlighted the accomplishments of all divisions of the PRCDC over the past year.
Of the major accomplishments for 2017-2018, we note that the PRCDC provided 450 000$ dollars in conditional contributions through the Eastern Ontario Development Program in the Prescott-Russell region. Furthermore, the PRCDC invested over $1,890,000 from its Investment Fund in various businesses in order to help create and maintain 308 direct jobs in Prescott-Russell. The francophone EDISO program invested $378 000 in francophone SME’s and managed to create and maintain 99 jobs in Southern Ontario. These investments made by the PRCDC, managed to leverage over 6.8 million dollars in additional funds.
“As a REGIONAL economic development organization, supported by the Government of Canada, the PRCDC will continue, just like in the past, to make fair, careful and enlightened interventions and investments for the betterment of our communities and businesses in the Prescott-Russell region as well as for the entrepreneurs of Southern Ontario” states Mr. Eric Drouin, (chairperson) of the PRCDC.
During the Annual General Meeting, Mr. Bruce Smith was re-elected as Vice-Chair and Ms. Christine Bonneau O’Neil was re-elected as Secretary/Treasurer of the Prescott-Russell Community Development Corporation.
The Government of Canada’s Community Futures (CF) Program supports 61 Community Futures Development Corporations (CFDCs) in Ontario— FedDev Ontario serves 37 in rural eastern and southern Ontario. The remaining 24 CFDCs located in the north are served by FedNor.
CFDCs offer a wide variety of programs and services supporting regional community economic development and small business growth. In particular, they provide:
- Strategic community planning and socio-economic development;
- Support for community-based projects;
- Business information and planning services; and
- Access to capital for small- and medium-sized businesses and social enterprises.
For more information: www.sdcpr-prcdc.ca
John Candie, firstname.lastname@example.org
Executive Director, PRCDC
1-613-632-0918 – Toll Free 1-877-632-0918