Applications being accepted for latest round of business funding

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For the next month and a half the SDand G Community Futures Development Corporation (CFDC) will be accepting applications from business people and entrepreneurs who are looking for government grants.

At a session Thursday afternoon in Cornwall, the agency touted the many success stories it has helped write in recent years by way of local businesses that have accessed government funding to help create or augment their operation.

Charlene MacLennan, a senior advisor at CFDC, said there is nearly $900,000 in grant money still available. Typically, when CFDC puts a call out for applications, several dozen are received.

It's known at the Eastern Ontario Development Program.

"We're seeing a trend towards more businesses trying to get access to (EODP)," said Francois Desormeaux, CFDC director.

In Cornwall more than $347,000 in EODP grant money has been dispersed for small businesses.

Desormeaux said the application process is relatively easy, and in some cases doesn't even require a business plan. But there are still checks and balances that must be met.

"You have to be able to show us what you want the money for and how you are going to use it," he said.

A CFDC committee made up of business professionals decides how the money is divided among successful candidates.

"The investment in our region is a continuation of our government's promise to focus on the economy and jobs," said local MP Guy Lauzon, who attended the event. "I believe that our region is the nost attractive area in our country for the public and private sectors to do business."

Any municipality, not-for-profit corporation, first nation or business based in SD and G can apply for an EODP grant.

Specific information on the program and requirements can be found at www.sdgcfdc.on.ca/en.

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