Last month, Community Futures Peterborough introduced a new program aimed at boosting the local economy, called the Community Advancement Program (CAP), with $50,000 earmarked for local projects. The program offers maximum grants of up to $5,000 per applicant, and aims to help attract business investment, retention and employment. Projects must demonstrate a contribution to community economic stability, growth and job creation, develop and diversify competitive local rural economics and foster economically sustainable communities. Projects might include local tourism initiatives, entrepreneur development and economic opportunities that foster inclusiveness, that help small businesses adapt to changing technology, create partnerships with local governments, Indigenous groups, educational institutions and community organizations and support regional economic development.
The program is open to individual, business or not-for-profit organizations with in the City and County of Peterborough. The application deadline for this program is March 8th, 2024.
Community Futures Peterborough mission is to support small businesses in the City and County of Peterborough by providing flexible financing. It has invested more than $41 million in more than 1,100 small businesses since 1985, creating or maintaining more than 4,100 jobs in the City and the County. Community Futures Peterborough is a not-for-profit organization funded by the Government of Canada, through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), as part of the Community Futures Program (CFP).
For more information or to apply, visit www.communityfuturespeterborough.ca .
