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Summer 2017 Building Business ~ Growing Communities

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Summer 2017 Building Business ~ Growing Communities NEWS from the FRONTENAC CFDC SUMMER 2017 building business ~ growing communities About the Frontenac CFDC Building Business #inFrontenac The Frontenac Community Futures Development Corporation (CFDC) is a Each year at the Annual General Meeting the Frontenac to determine an effective way to utilize the property. They not-for-profit corporation governed by a volunteer board of directors and CFDC Board of Directors reports the results the organiza- decided that part of their plan would be to start an apple ci- funded by the Federal Development Agency of Southern Ontario (Fed- tion has achieved back to the community it serves. This der production company, Frontenac Cider Company. Rus- Dev). Our mission is to stimulate community and economic development year the board is pleased to announce that the total dollars tin and Lori came to the Frontenac CFDC for assistance to throughout the Frontenacs – aptly expressed by the tag line “building invested in building businesses in Frontenac, $1,776,925, plant their initial lot of apple trees, trellis supplies and drip business … growing communities”. surpassed last year’s loan dollars by 38.7%. This is the fourth irrigation supplies. We look forward to the production of Whether you are considering starting a small business in the Frontenacs, consecutive year that the organization has exceeded the the cider in two to three years. seeking advice or financing for your existing business, or require assistance prior year’s loan totals. Rob and Nancy Moore always dreamed of working for for your community project, we can help. The Frontenac CFDC offers: The Frontenac CFDC continues to offer flexible commer- themselves. So, when the opportunity presented itself to • Business information and counselling at no cost cial loan financing up to a maximum of $250,000 to new purchase the Cardinal Café in Sharbot Lake they jumped • Commercial loans and existing business in the County of Frontenac. Our loans at the chance. The sales of the speciality coffees, baked • Interest-free loans* can be either interest bearing or in some instances, a por- goods, breakfast sandwiches and lunches were going well, • Community Economic Development tion of the loan may be interest free. We are non-compet- so well in fact that they required further infrastructure, • Eastern Ontario Development Program (EODP) itive with the financial institutions and we often partner a commercial dishwasher, to keep up with the demands * for eligible commercial projects and subject to available funding with them on projects to better serve our client’s needs. of their growing business. They turned to the staff at the The Frontenac CFDC board has identified “pivotal” areas of focus. The loans provided can be for various purposes such as Frontenac CFDC for assistance. Food and Beverage – To attract, grow and retain small scale (artisanal) working capital, inventory, land or equipment purchases, Reta and Roger Azulay have been the owner/operators food and beverage businesses. as well as renovations to commercial properties. To get a of Northway Hardware located in Inverary, Ontario for 30 Innovative Rural Opportunities - Foster and support businesses related sense of how these loans have impacted the businesses, a years. When the Azulay’s had the opportunity to re-open to the creative economy, rural entrepreneurship and niche agribusiness. few clients have given us permission to mention how we the LCBO agency store in Inverary they required financial have assisted them. assistance with the start-up costs and they contacted the Promoting Businesses - Continue efforts in promoting local business We have been working with Kevin and Melissa Phillips, Frontenac CFDC for assistance. Cheers to that. (including farm businesses), supporting businesses in self-promotion owners of Fernleigh Lodge on Kashawakamak Lake, since While loans are an important part of how we help busi- and to facilitate linkages and networking opportunities. 2006 as they have renovated their cottages to allow for nesses owners; business counselling and connections are Tourism - Encouraging and supporting efforts to expand and enhance year-round tourism. This year’s project was an extensive also very important. Whether or not someone has a loan tourism businesses, events and activities. Support year-round tourism renovation to the main lodge to allow for more seating in with us, they may benefit from counselling to ensure pro- and the modernization/upgrading of accommodations. the restaurant and a wheelchair accessible washroom. As jected cashflows are reasonable, discussing marketing Awareness of CFDC Services and Programs - Continue to promote often happens with renovations, problems came up that ideas or from introductions to other business owners or awareness, understanding and support for CFDC services and programs could not be detected prior to the commencement of the programs. Please give us a call at 1-888-372-9962 or visit provided to individuals, businesses and community groups. This includes work. Encouraging and supporting efforts to expand and www.frontenaccfdc.com to discuss how we can help you. keeping CFDC services “top of mind” for existing and past clients and enhance tourism businesses is one of the Frontenac CFDC’s “reaching out” to individuals who have not previously dealt with the CF. strategic directions. So, we were happy to help Kevin and Other Frontenac CFDC programs and services include: Melissa with those unexpected costs and look forward to Results for the fiscal year 2016-17 Visit our website frontenaccfdc.com and make use of the online dining in the renovated restaurant with the stunning lake Loans resources, business information and guides. view. $1,776,925 surpassed last year’s loan dollars by 38.7% Promote your business for FREE in our online directory or submit your When Core Lee and Jeff Day came across the Holiday business news for inclusion in our quarterly newsletter and /or social media Country Manor in Battersea last spring, they saw it as an $1,257,000 in client’s own funds were invested for a to [email protected]. In the newsletter and on Facebook, we include ideal location for a destination location featuring accom- combined investment of $3,033,925 modations and a food and beverage operation. Jeff had news such as new business, new services or products being offered, business 21 businesses assisted with loans (# 5 start ups, 12 hospitality experience from working at a Novotel in To- anniversaries, etc. Include a photo sized appropriate for Facebook. We also ac- existing, 4 expanding) cept short videos for our You Tube site and these may include a general info ronto and Core Lee worked in a food production company. piece about your business or a video on how you make your product. When they decided to live their dream of owning their own 20 full-time jobs created and 73.5 maintained through the business, they turned to the Frontenac CFDC for assistance loan program. Receive our quarterly newsletter electronically by subscribing in purchasing the old limestone inn. on our website to learn about local businesses, funding opportunities, EODP Another of our strategic directions is to attract, grow and upcoming events and more. retain small scale (artisanal) food and beverage businesses. $454,454 invested Subscribe to our Blog by going to our website The Wolfe Island Spring Craft Brewery is one example of 32 Business Development projects Futurpreneur Canada supports young entrepreneurs with up to a food and beverage business that we have invested in this $45,000 in financing and an expert business-mentor for up to two years. last year and their story is found on page 4. Another ex- 5 Community Innovation projects (4 not-for-profits and Frontenac Community Futures Development Corporation ample is the Frontenac Cider Company. After inheriting 1 municipality) 5062 Rd 38, Harrowsmith, Ontario a farm in Sharbot Lake that had been in the family name 8.5 permanent and 6 temporary jobs created, with 64 613-372-1414, TF 1-888-372-9962 for 200 years, Rustin Hollywood and Lori Lafontaine set out permanent and 23 temporary positions maintained www.frontenaccfdc.com Do you have a good idea to grow your business or for a project that will “Like” us on Facebook and “Follow” us on Twitter for business tips, infor- mation and events and to learn about other businesses in the area. Or provide economic impact to the community? check out the local businesses on our You Tube. Your project may be eligible for an Eastern Ontario Development FRONTENAC Program (EODP) grant. To obtain guidelines & applications or more info This project is funded by the Government of Canada. Community Futures Development Corporation Ce projet est financé par le Gouvernement du Canada. FRONTENAC check out our website at www.frontenaccfdc.com/services.cfm or call Community Futures Development Corporation Building business – growing communities Building business – growing communities (888)372-9962. This project is funded by the Government of Canada. Ce projet est financé par le Gouvernement du Canada. For more on our services visit www.frontenaccfdc.com FRONTENAC Community Futures Development Corporation building business - growing communities EODP Approved Projects Radiance of the Ordinary County of Frontenac Radiance Project Summary: Funding provided to assist Project Summary: to assist with new loca- recipient with market diversification in tion and promotion of Day of the Pig event in of the Ordinary Quebec. Dollar Amount: $1,257 Sharbot Lake. The Township of Central Frontenac also contributed. Dollar Amount: $2,000 Patchwork Gardens Project Summary: Funding will assist in Eastern Ontario Trail Alliance equipment to provide business efficiencies Project Summary: To assist the Recipient with hiring a Trail Event and expansion of crop production. Dollar Planner to develop 3 events on the trail system in Frontenac Amount: $9,050 County in the shoulder seasons. Dollar Amount: $34,500 'SPOUFOBD Mariclaro Canada Inc. Project Summary: Funding will assist mar- Frontenac Arch Biosphere Network $'%$5FDI ket diversification for the Recipient through Project Summary: Funding towards 2 workshops that will pro- trade show attendances in the United States.
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