Federal government provides additional relief funding to Cornwall and The Counties CFDC

SDG —The Cornwall and the Counties CFDC (Community Futures Development Corporation) announced last month that businesses in the United Counties of Stormont, Dundas and Glengarry, along with Akwesasne and Cornwall, may be eligible to benefit from additional relief funding through the federal government’s regional relief and recovery fund.

The additional funding is available as a result of a $440,000 investment by the federal government in Cornwall and the Counties CFDC. It adds to the $1,095,413 supplied in May. Canada’s COVID-19 Economic Response Plan has helped protect jobs across the country, and provided help and support to families and businesses as they cope with the impact of the pandemic. A central part of this is the Regional Relief and Recovery Fund, which is there to support those who may not be eligible for other relief programs.

Since its launch, the CFDC reports that the fund has helped over a thousand businesses, helping them keep their employees, cover costs, and continue to play a role in the recovery of the Canadian economy.

“Small- and medium-sized businesses have been hit hard by COVID-19, and the Regional Relief and Recovery Fund is here to help them, protecting over 43,000 jobs across southern Ontario. With the second wave upon us, we’ve heard clearly fro businesses and workers that more support is needed. That’s why we’re enhancing and expanding the RRRF to help even more Ontarians. Our message to them is clear: we’ve been here for you with significant measures, we’re here for you now and we’ll get through this, together. We’re working with you to support good, local jobs and help our economy come back strong.” said Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for the Federal Economic Development Agency for Southern Ontario.

“The businesses, workers and organizations in southern Ontario’s rural communities are a significant part of our region’s economic strength. We know they have faced challenges as a result of the pandemic and we are providing support to keep them vital.

The resilience of the communities and the local support that our CFDCs are continuing to deliver will mean a strong recovery,” said Kate Young, Parliamentary Secretary to the Minister of Economic Development and Official Languages.

Cornwall and The Counties CFDC is focusing on assisting a range of businesses in the region with loans up to $40,000. Those interested in the loan and meeting the eligibility criteria may apply to FedDev Ontario.

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