EODP Announces $884,000 Funding for 2013
Cornwall Ontario - MP Guy Lauzon announced today that $884,800 has been made available to fund Eastern Ontario Development Program (EODP) initiatives in Cornwall and SDG. The funding is to support 2013 projects.
“The investment in our region is a continuation of our government’s promise to focus on the economy and jobs,” said MP Guy Lauzon. “I believe that our region is the most attractive area in the country for the public and private sectors to do business in. The Eastern Ontario Development Program helps to attract and enhance private sector businesses in our communities.”
Any municipality, not-for-profit corporation, first nation or business based within Stormont, Dundas and Glengarry, including the City of Cornwall, is eligible to apply for funding from any of the three streams:
- Business Development
- Community Innovation
- Collaborative Projects
"It's nice to see that funding has once again been renewed for this program which has in the past helped Cornwall and area businesses and organizations," said Mayor Bob Kilger. "I would urge entrepreneurs and community groups to take a closer look at the program."
The maximum contribution to any specific project is capped at $100,000 per year. If the recipient is a for profit business the contribution cannot exceed more than 50% of the eligible costs.
The Program is managed by FedDev Ontario and local funding will be delivered by the SD&G Community Futures Development Corporation.
The following is a link to the video of the press conference: http://youtu.be/KA_WbWpr2wY
About the Eastern Ontario Development Program (EODP)
The EODP is a federal government initiative to support community economic development in the rural communities of south eastern Ontario for the past seven years. The initiative is delivered through the network of Community Futures Development Corporations (CFDCs) serving the area. Through that period $68 million has been invested in businesses and communities across south eastern Ontario. In 2011, funding for the Eastern Ontario Development Program (EODP) was renewed through to March 31, 2014.
Locally, EODP funding of $347,725 was dispersed in 2012, assisting 19 clients to grow small businesses and helping to create 32 jobs in the communities of Cornwall and Stormont Dundas & Glengarry.
To find out more about EODP, please visit the SD&G Community Futures Development Corporation web site at www.sdgcfdc.on.ca
About The SDG CFDC
The Stormont, Dundas & Glengarry Community Futures Development Corporation (SDGCFDC) is a non-profit development agency, which has a primary focus to help local businesses in need or who are struggling in one form or another. The SDG CFDC is a community based pillar and resource system that helps local businesses within Stormont, Dundas and Glengarry (SDG) restructure, plan, start or expand as needed.