Funding:    

Federal Economic Development Agency for Southern Ontario (FedDev), NCFDC, NCEDC, NT Temps Inc.

Goals:    

To deliver a community investment fund and related services

Objectives:    

Disburse loans to businesses in South Simcoe that are unable to procure funds from traditional sources

Status:   

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.