Community Futures Development Corporations
What is a Community Futures Development Corporation?
The Haliburton County Development Corporation is one of 61 Community Futures Development Corporations (CFDCs) in Ontario and apart of 269 across Canada. In Southern Ontario, the CFDCs work in partnership with FedDev Ontario and in northern Ontario with FedNor which operate as independent, non-profit organizations.
Community Futures, established in 1986, is a federal government initiative that assists rural communities to develop strategies for dealing with changing economic environments. This initiative recognizes that local people and communities are best able to solve their problems and shape their futures.
Community Futures are non-profit organizations guided by a volunteer board of directors and staffed with business professionals who together are actively engaged in helping to develop and implement community-based economic development strategies. These corporations are user-friendly business development centres that control and manage investment funds from which they make fully repayable loans (up to a maximum of $150,000) to community members who are interested in starting or expanding their own businesses.
Community Futures also provides one-on-one business counselling to assist individuals who are interested in self-employment or in expanding their business. In addition to the business development component, CFDCs involve themselves in a wide array of community initiatives, including strategic planning processes, research and feasibility studies, and the implementation of a diverse range of community economic development (CED) projects.
These are proactive, progressive community organizations dedicated to strengthening both their community’s entrepreneurs and their community’s economy as a whole.