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RRRF deadline extended to June 30, 2021
The Regional Relief and Recovery Fund (RRRF), delivered by Canada’s regional development agencies, provides liquidity support to businesses and not-for-profit organizations affected by the economic impacts of COVID-19, that are unable to access other federal relief measures, or require additional support. As key partners to FedDev Ontario, southern Ontario CFDCs are delivering over $90 million in relief funding, which has supported nearly 2,000 rural businesses and maintained 6,300 jobs in the region. Funding is still available. Learn more about the eligibility criteria below and apply by June 30, 2021. Funding available through your local CFDC In order to provide targeted assistance to the small towns and communities they serve, CFDCs…
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The RRRF at work in Huron County – April update
Canada’s COVID-19 Economic Response Plan has helped to protect millions of jobs, provide emergency support to families and keep businesses afloat as they deal with the impact of COVID-19. A central part of this is the Regional Relief and Recovery Fund (RRRF), which helps support those who may not be eligible for other programs. CFDCs across Southern Ontario are providing vital RRRF support through FedDev Ontario to local small businesses impacted by COVID-19. Community Futures Huron has been able to help 82 businesses and helped maintain 256 jobs in Huron County through the RRRF. The RRRF at work in Huron County – by the numbers Since May 2020, Community Futures…
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Business, COVID-19 Support, FedDev Ontario, Funding, Regional Relief and Recovery Fund, Women in Business
Hair By Joyce, RRRF client
We’d like to introduce Joyce Lappin, owner of Hair By Joyce located in Hensall, Ontario and one of our hard-working and friendly RRRF clients. Since 1982, Joyce has provided her clients with professional hair styling services. Her clients know what they want and appreciate the results of a skilled hair cutter. When Joyce was unable to access other COVID-19 business relief programs for her salon business, she reached out to Community Futures Huron. With financial assistance through the RRRF, Joyce was able to get the help she needed in a timely manner to re-open quickly and better serve her clientele. “We were not able to get aid from other COVID…
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CFHuron Update, COVID-19 Support, FedDev Ontario, Funding, Grants, Regional Relief and Recovery Fund
RRRF at work in Huron County
An update on the RRRF at work in Huron County – A major injection of investment capital, business services and operational funding through the Regional Relief and Recovery Fund has allowed CF Huron to respond quickly to the economic challenges posed by COVID-19. To date, over $1.5 million in COVID-relief loans have been disbursed to Huron County businesses, maintaining 75 enterprises and 242 jobs in the local economy. Additionally, $567,000 in business services funding has been committed, allowing 130 SMEs and social enterprises to access expert advice and business coaching to carry them through the pandemic. Community Futures Huron (CFHuron) is a federally supported not-for-profit Community Futures Development Corporation with…
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Small businesses can receive RRRF loans up to $60,000
Regional Relief and Recovery Fund Update Community Futures Development Corporations across southern Ontario continue to help small businesses impacted by COVID-19 that have been unable to access other federal support. Now, small businesses can receive loans up to $60,000! The Regional Relief and Recovery Fund has been expanded, and we continue to support SMEs in our community impacted by COVID-19 that have been unable to access other federal support. Apply now for more RRRF no-interest loan funding! These loans are interest free for 2 years with 25% forgivable if repaid by Dec. 2022, for the first $40,000. The $20,000 top up loan is 50% forgivable!! Deadline to apply is Thurs., Feb. 18, 2021.…
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County of Huron SLED Fund opens for 2021 applications
FROM HURON COUNTY ECONOMIC DEVELOPMENT – The County of Huron’s annual SLED (Supporting Local Economic Development) program opens on February 8, 2021, providing an opportunity for municipalities and registered non-profits to receive funding for projects which target key regional economic development priorities in COVID-19 recovery, workforce attraction, agriculture, tourism, or investment attraction. Successful projects will be provided up to $10,000 through the SLED fund and must be completed by March 31, 2022. Recipients of the SLED program funding are required to use funds in a way that has a clear and measurable economic impact, includes substantial private sector participation, and must provide financial resources and support to the project. Eligible…
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COVID-19 Support, FedDev Ontario, From Our Network, Funding, Huron County Economic Development, Huron County Tourism, WOCFDCA
5 funding programs to support YOU right now
Ontario Small Business Support Grant Starting at $10,000 for all eligible businesses, the grant provides businesses with funding to a maximum of $20,000 to help cover decreased revenue expected as a result of the Provincewide Shutdown. The business must demonstrate they experienced a revenue decline of at least 20 per cent when comparing monthly revenue in April 2019 and April 2020. This time period was selected because it reflects the impact of the public health measures in spring 2020, and as such provides a representation of the possible impact of these latest measures on small businesses. Tourism Adaptation Fund and Recovery Program The Tourism Adaptation and Recovery Program helps small…
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Applications now open for Ontario’s Small Business Support Grant
NEWS RELEASE – The Ontario government has opened applications for the new Ontario Small Business Support Grant. The grant, first announced in December, provides a minimum of $10,000 to a maximum of $20,000 to eligible small businesses who have had to restrict their operations due to the Provincewide Shutdown. The tightened restrictions were put in place to help stop the alarming rise of COVID-19 cases in Ontario. “As Ontario’s employers do their part to defeat COVID-19, they are facing unprecedented challenges as a result of this global pandemic,” said Peter Bethlenfalvy, Minister of Finance and President of the Treasury Board. “I encourage every eligible small business owner in Ontario to visit Ontario.ca/COVIDSupport to…
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Community Futures Huron still accepting applications for the 2nd round of RRRF
We are here to help local businesses. If your business has been impacted by COVID-19 and you’ve been unable to access other federal support, you may be eligible for the Regional Relief and Recovery Fund. We are still accepting applications for the 2nd round of RRRF interest-free business loans up to $40,000. Please apply soon so you don’t miss this opportunity for Federally-funded assistance. The Regional Relief and Recovery Fund (RRRF) 2.0 is a NEW round of the funding program offered through FedDev Ontario and Community Futures Ontario to provide financial assistance to small and medium-sized businesses impacted by the COVID-19 pandemic and who are unable to access the Government…
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Business, CFHuron Client Success Stories, CFHuron Update, Client News, COVID-19 Support, FedDev Ontario, Funding, Regional Relief and Recovery Fund, Small Business
Winston’s Men’s Wear, RRRF client
Community Futures Huron, a federally funded non-profit organization, is here to support small businesses in Huron County. During during COVID-19, CFHuron is helping local businesses by providing access to the Regional Relief and Recovery Fund, a federally funded business assistance loan program. The Regional Relief and Recovery Fund (RRRF) 2.0 is a new program offered through FedDev Ontario and Community Futures Ontario to provide financial assistance to small and medium-sized businesses impacted by the COVID-19 pandemic and who are unable to access the Government of Canada’s existing relief measures. The RRRF financing is to support small enterprises including social enterprises that are unable to access federal and provincial relief funding programs, or unable…
