Federal Economic Development Agency for Southern Ontario (FedDev), NCFDC, NCEDC, NT Temps Inc.
To deliver a community investment fund and related services
Disburse loans to businesses in South Simcoe that are unable to procure funds from traditional sources
The South Simcoe Investment Review Committee continues to actively review South Simcoe loan applications. FedDev originally provided $2,648,000 in capital. As of March 31, 2023, $11,851,742.90 has been disbursed to businesses in South Simcoe. To date, $14,214,448.67 has been leveraged from the owners and other traditional financial services for South Simcoe businesses due to the business counselling and/or investment loans provided. Since inception, 4,888 jobs have been created or maintained due to business counselling and/or investment loan activity.