Supporting Small Business Since 1985
Our mission is to generate and assist in the creation of employment opportunities in the City and County of Peterborough. We accomplish this mission primarily by supporting small business with flexible loan programs, business development grants and business counselling services.
Since 1985, the Peterborough CFDC has:
- Invested $20 million in small business enterprises assisting over 700 businesses
- Created or maintained more than 2,600 jobs
The PCFDC is a community-based, not-for-profit corporation (incorporated as the Greater Peterborough Business Development Centre, Inc.) governed by 16 local volunteer board of directors familiar with local business needs, concerns and future development priorities.
Professional Office Space Available for Lease
351 Charlotte Street - Lower Unit
Utilities included with shared waiting area and kitchenette
- Office A: 400 sq. ft. - $300/month
- Office B: 200 sq. ft. - $150/month
For more information, please call 705-745-5434
Peterborough CFDC appoints Dan Stanford as new chair
November 4, 2014
The Board of Directors of Peterborough Community Futures Development Corporation is pleased to announce the appointment of Dan Stanford as the chair of the board, effective September 16, 2014.
The appointments of Bob Behan as vice chair and Kim Appleton as treasurer was also announced.
Mr. Stanford is president of Cabinetree, a local kitchen design company that he founded in 1988. He was named Business Citizen of the Year in 2011 in recognition of his volunteer activity and for building Cabinetree into a highly successful manufacturing and retail operation.
An active community member, Mr. Stanford has been on the CFDC board since 2006. He is also on the Board of Governors of Fleming College, where he chairs the finance and property committee. He is a past president of the Peterborough District Construction Exchange and a past chair of the board of the Greater Peterborough Chamber of Commerce.
“I’m excited to be taking the reins of such a storied enterprise,” Mr. Stanford said. “I see this as a position of great responsibility. The organization has had wonderful results over the past twenty-nine years helping small businesses to prosper and we have a duty to continue that success.”
In the past year, Peterborough CFDC provided almost $950,000 in loans to twenty-one small businesses, helping them to create or maintain 175 jobs in the community.
“I’m also looking forward to helping the organization continue its solid financial performance,” said Mr. Stanford, citing the Investment Fund as an example. The Investment Fund, which is used to provide loans to eligible businesses, has grown 372 percent since inception, and currently stands at $7.3 million.
Mr. Stanford will serve a two-year term as chair. He replaces outgoing board member Doug Armstrong, who served as chair from 2012 to 2014.
EODP Announcement - Noble Purification
August 26, 2014
The Peterborough CFDC is pleased to announce that funding has been approved for Noble Purification to expand their operations through the Eastern Ontario Development Program (EODP) over the next two years.
Noble Purification Inc. has invented a Euglena Bio Filtration System to absorb minerals, heavy metals and excessive nutrients (such as phosphorous) from wastewater. This system recreates an algae bloom and harnesses Euglena's capabilities to create a cleaner, controlled way of removing nutrients or contaminates and avoiding their release back into the environment.
The Peterborough CFDC is pleased to be able to support Noble Purification with an EODP contribution of $100,000 to hire 2 full-time staff and purchase equipment over the next two years. Noble Purification has raised more than $225,000 from private financing to also contribute to this project. EODP funding is contingent on recipients’ contributing a minimum of 50 percent in matching funding.
“We see many inventors in our line of business, not all of them have the ability to commercialize their ideas. The Peterborough CFDC Board of Directors applauds Adam Noble for his dedication. Noble Purification is a company to watch. Their Euglena Bio Filter has the capability of separating the algae by-products, residual organic matter containing nutrients and other metals, which then can be sold, providing a wide range of commercial value.” said Doug Armstrong, Chair of the Peterborough CFDC Board of Directors.
The EODP is managed by the Federal Economic Development Agency for Southern Ontario and is being delivered in partnership with the 15 Community Futures Development Corporations in eastern Ontario, as well as the Eastern Ontario Community Futures Development Corporation Network Inc. The program supports rural eastern Ontario communities to pursue the creation of a competitive and diversified regional economy through investment in economic development, small business growth, job creation and community innovation.
To date, more than $80 million has been invested through the EODP on more than 7,600 business and community development projects. Over the next five years, $48-million is available through the EODP.
June 25, 2014
For more than 10 years, the Peterborough Community Futures Development Corporation (PCFDC) has supported local companies and organizations expand their operations through the Eastern Ontario Development Program (EODP).
The PCFDC is now accepting applications on a continuous basis until all funding has been committed. Applicants can apply for support for projects that focus on job creation and market expansion between August 1, 2014 and September 30, 2018. The PCFDC is encouraging applicants to submit multi-year projects – up to a maximum of $100,000 per recipient.
"The Eastern Ontario Development Program is so important because it provides economic development solutions that are tailored to our community," stated Dean Del Mastro, Member of Parliament for Peterborough. "The benefits of this program are widespread and they complement the needs and priorities identified by our community. I applaud the Peterborough Community Futures Development Corporation for their stewardship in delivering this program so successfully."
Primary consideration will be given to projects that address sustainable, long-term job creation in the following priority areas: CleanTech, High Tech, R&D, Health, Nuclear, Aerospace and Transportation. Eligible activities include: supply chain analysis & development, productivity enhancements, market diversification, market expansion, export development and product development.
May 12, 2014
Chairman W. D. (Doug) Armstrong and the Board of Directors for the Peterborough Community Futures Development Corporation (PCFDC) is pleased to announce the appointment of Tonya Kraan to the position of General Manager effective Monday, May 12, 2014.
Tonya is Manager of Innovation for the City of Kawartha Lakes with responsibility for the ongoing development of the Water Research and Innovation Network (WRAIN). This initiative has enabled her to develop many strategic partnerships in the Kawartha region including Trent University, Fleming College, Greater Peterborough Area Economic Development Corporation, Greater Peterborough Innovation Cluster as well as local area municipalities. Previously, she was employed as Corporate Senior Manager, Marketing with EHC Global leading the Marketing Department and Global Sales Team for business development, contract administration and key account management with clients in over 40 countries.
Ms. Kraan has a Bachelor of Arts degree from Trent University and successfully participated in the Queen's University Executive Development Program with a speciality in marketing management.
Tonya served on the Board of Directors of the Kawartha Lakes Community Futures Development Corporation for four years. She is presently a Director on the Boards' of Women's Resources and WRAIN and previously participated on her local Easter Seals Board.
Mr. Armstrong stated, "We were impressed with Tonya's achievements and the leadership she has displayed with the WRAIN project and strong collaborative and relationship building skills she possesses. Her analytical style will positively impact the services we provide our clients. She is passionate about Peterborough and its surrounding communities and will be an excellent addition to our team".
Tonya and husband Joe, a Manufacturing Engineer with G.E. in Peterborough, and son Colby reside in the City of Kawartha Lakes. She is very family oriented and is an active volunteer in her community when times allows it. Tonya grew up in and around Peterborough and believes strongly in trying to ensure our local residents and particularly young people have every opportunity to remain employed and committed to the area.
PCFDC is a community-based, not-for-profit organization. Its mandate, through Government of Canada funding, is to provide access to capital, business consulting services and community economic development through community dialogue, planning and the delivery of initiatives that help finance and assist small businesses and social enterprises maintain or create jobs and promote local prosperity.
W.D. (Doug) Armstrong
Chairman of the Board of Directors