#Cobourg, #Ontario; #WomenLedBusinesses;#RebuildReopenReviveInitiative
Cobourg (Ontario), Jul 17 (Canadian-Media): A $4-million FedDev Ontario investment was announced Jul 17 by Mary Ng, Minister of Small Business, Export Promotion and International Trade, on behalf of Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for FedDev Ontario at Venture13 in Cobourg, home of the Northumberland Community Futures Development Corporation (CFDC) to support over 700 women entrepreneurs across southern Ontario, media reports said.
Mary Ng. Image credit: Twitter handle
The unique challenges faced by women-led businesses being further intensified by COVID-19's impact on Canada's economy, these women-led businesses need support to adapt their operations for a successful recovery.
Delivery of Rebuild Reopen Revive Initiative suopprt for women-led small- and medium-sized enterprises (SMEs) in rural and urban communities across southern Ontario is being made possible by this investment through the Regional Relief and Recovery Fund (RRRF), the Northumberland CFDC and Windsor-Essex Economic Development Corporation, in collaboration with regional partners.
A sum of $2 million would be given to each of the two organizations with non-repayable contributions of up to $5,000 to help eligible women-led businesses with key re-opening expenditures, including acquisition of reusable personal protective equipment (PPE); workspaces reconfiguration to accommodate social distancing impacts; and, enhancing online capacity to improve accessibility and client service.
Interested SMEs can visit Northumberland CFDC (eastern Ontario) or Windsor-Essex Economic Development Corporation (southwestern Ontario) for more details or to apply.
This support would enable the Northumberland CFDC to financially support underrepresented women-led businesses that removes gender bias.
Growth of 30 women-led businesses are being supported by CFDC the through this initiative.
Successful applicants are enrolled automatically into the program offering advisory and support services, networking, and access to office space through Venture13.
Later Ng was joined by Maryam Monsef, Minister for Women and Gender Equality and Rural Economic Development, at the Imprinted Apparel Store in Peterborough, where the ministers highlighted an additional $380,000 in support through the Women Entrepreneurship Fund (WEF) to local women-led businesses. Funding recipients including Imprinted Apparel Store; Unlock Math Inc.; and Walton Wood Farm Corp.; Mallory Charmaine Graham (o/a Tribal Trade Co.).