$39.4 million in funding available through CFDCs, of which the Orillia Area CDC is one, to help local small businesses weather the COVID-19 pandemic.
The Regional Relief and Recovery Fund (RRRF) provides financial contributions (interest-free loans) to help support fixed operating costs of SMEs, where business revenues have been affected by the COVID-19 pandemic.
In southern Ontario, $252.4 million is available, through two separate application streams, as follows:
- Apply directly to FedDev Ontario: $213 million for SMEs facing financial pressure; or
- Apply to your local CFDC (i.e. Orillia Area CDC): $39.4 million to provide rural businesses with access to capital and technical support
The Orillia Area Community Development Corp. (CDC) is a federally supported not-for-profit Community Futures Development Corporation with a volunteer Board of Directors and professional staff whose purpose is to enrich the local economy through coaching, training and financing businesses, and fostering community economic development projects. The CDC has been supporting businesses in the community for over 35 years.
Funding available through the Orillia Area CDC
Due to high demand, we are no longer accepting applications for this program. If you had an application in process, we invite you to complete your submission but cannot guarantee that enough funds will be available until we process the applications we have received. We thank you for your interest.