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Saturday, October 15, 2011

Bruce CFDC Has Money

Saugeen Shores | by John Divinski  

Bruce CFDC wants more participation from Saugeen Shores to hand out more funds.

The Bruce Community Futures Development Corporation (CFDC) is looking for more participation from Saugeen Shores.

Spokesperson Cindy Schmidt notes over the past 25 years -- over 14.4 million dollars has been loaned out so local entrepreneurs could start a business.

Schmidt says up to 500 loans have been given out which has resulted in 21-hundred jobs being created.

She says the CFDC is an alternative to a bank loan when the banks are unwilling to make a commitment.

Schmidt says in the future they hope to partner with banks so that both can help entrepreneurs realize their dreams.

She says Saugeen Shores forms the largest portfolio of loans but she tells councillors in the past year only one loan application was made.

Schmidt says it goes in cycles and she expects it to pick up next year.

Meanwhile, the CFDC's Amanda Farrell says they're just completing the Mid-Western Ontario Green Jobs Strategy study and it will soon be available on line.

Farrell says the idea was to see what kind of potential there is for people in this area to participate in the growing green economy.

Things such as solar and green agriculture possibilities will be highlighted in the report due out in October.

CFDC promotes the economy of Bruce County and offers services to local businesses including a loan assistance program and business counselling among other services.

Their office is located on Broadway Street in Kincardine.


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