CORNWALL — The Rural Economic Development (RED) fund program will again accept applications from non-profit entities starting Sept. 21. Disbursing nearly $1-million in provincial cost-share funding, the initiative is intended to assist rural communities diversify their economies, retain skilled workers and create jobs.
“This is great news for South Dundas as it will help to provide more employment and business opportunities for local residents,” said Jim McDonell, whose office is highlighting an earlier program contribution of $37,500 toward a planned $74,500 South Dundas Business Network Expansion project in his Stormont-Dundas-South Glengarry district. That particular application was approved under the Economic Diversification and Competitiveness Stream.
Aimed at not-for-profit organizations with a regional economic development mandate, the most recent RED funding details were released by Ernie Hardeman, Minister of Agriculture, Food and Rural Affairs, at a Sept. 18 event in Leamington, Ontario. Eligible projects may collect up to 70 per cent of total costs to a maximum of $75,000; they must benefit rural Ontario, have tangible outcomes and reach beyond one county, region or district.
“I encourage more organizations to make their applications for their important projects,” McDonell added.
Applications in the current round will be accepted through Oct. 9. However, another RED program intake period is otherwise scheduled to open in December 2020.