The Bruce Community Futures Development Corporation has new funding available for local businesses.
The funding is for businesses in the BCFDC catchment area who could not get access to federal funding during the COVID-19 pandemic, and those businesses can now apply for funding under this new initiative. The funding is part of the Regional Relief and Recovery Fund (RRRF). On May 13, Mélanie Joly, Minister of Economic Development and Official Languages, announced that southern Ontario businesses that can now apply for RRRF.
In southern Ontario, there is $252.4 million available to help small businesses, and the Bruce Community Futures Development Corporation will distribute some of that money to businesses in their area, which includes Northern Bruce Peninsula, South Bruce Peninsula, Saugeen Shores, Arran-Elderslie (Tara & Paisley), Kincardine, Huron Kinloss, South Bruce and Brockton (excluding Walkerton), as well as Owen Sound, Georgian Bluffs and part of Meaford (Sydenham Township).
Barb Fisher, General Manager of Bruce CFDC, noted said, “we have heard directly from area businesses the struggles being faced but also the persistence of business owners to do what it takes to recover and build. This zero per cent loan fund with no payments until December 2022, including the potential of a partial forgivable portion, is intended to help fill in some gaps that are not being met through other programs”.
To apply, visit https://bruce.on.ca/
