June 23, 2008

 

“DEVOLIN SUPPORTS GROWTH IN KAWARTHA LAKES WITH A $900,000 GOVERNMENT OF CANADA INVESTMENT”

 

LINDSAY — Local MP Barry Devolin, on behalf of the Honourable Tony Clement, Minister of Health and Minister for FedNor, today announced a federal contribution of $900,000 to support the ongoing operations of the Kawartha Lakes Community Futures Development Corporation (CFDC) over the next three years.

 

“This CFDC is a vital contributor to the economic prosperity for Kawartha Lakes and Eastern Ontario as a whole,” said Devolin. “This long-term funding will allow it to continue its important work of serving the needs of its small and medium-sized business clients.”

 

The Kawartha Lakes Community Futures Development Corporation provides services to enhance local economic development and small business growth, including: access to capital, business counseling, community-based projects, and strategic community planning and socio-economic development.

 

Over the last year, the CFDC invested more than $1.6 million in small and medium-sized businesses in the region, resulting in the creation or maintenance of 209 full and part-time jobs, and contributing to an enhanced business community.

 

“We are proud of our leadership role in community economic development in our area and look forward to continuing in that capacity for many more years to come,” said John Bennett, Chair of the Kawartha Lakes CFDC. “We certainly appreciate the faith Minister Clement and FedNor continue to show in us.”

 

The Kawartha Lakes CFDC is one of 61 Community Futures Development Corporations in rural and Northern Ontario funded by FedNor’s Community Futures Program.

                                                                                                                                   

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For more information contact: 

Barry Devolin, MP

(705) 324-2400 or (866) 688-9881