Orillia Area CDC Activity Review 2020/21

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ANNUAL

ACTIVITY REVIEW 2020/21

Phone: 705-325-4903 Email: info@orilliacdc.com Address: 22 Peter St. S., Orillia

orilliacdc.com

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@OrilliaAreaCDC


OUR MISSION The mission of the CDC is to enrich the local economy through coaching, training and financing businesses, and fostering community economic development projects.

VALUES 1. Collaboration – Collaborating within and outside the organization to develop positive working relationships as a means to foster community economic development. 2. Community Centred – A sense of responsibility, inclusiveness and contribution that define our existence. 3. Resourcefulness – Being solution-focused by identifying needs and working diligently and adaptably towards meeting those needs.

WHAT DOES THE CDC DO? • • • •

Provide information, guidance and financing to small businesses who are starting or expanding Work with community groups to create and maintain jobs Provide business loans up to $300,000; Complementary lending Serve Orillia, Oro-Medonte, Ramara, Severn, and the Chippewas of Rama First Nation

Helping businesses succeed since 1984 • • • • •

Approved $32.5 million in financing for local businesses Provided $2.3 million in relief support during pandemic Helped local businesses create or keep more than 6,134 jobs Provided more than $2 million in grants to local organizations in the past 12 years We are a non-profit organization funded by the Government of Canada with the support of the Federal Economic Development Agency for Southern Ontario (FedDev Ontario)


2020/21 ACTIVITY

REGIONAL RELIEF AND RECOVERY FUND (RRRF)

• Pandemic Relief Funding – $2,300,000 (to 59 businesses) • Financed businesses include 35 women-led, 11 youth and 36 sole proprietors • Business Advisory Services Subsidies – $95,000 (to 82 organizations) • Jobs maintained – 143

CDC LOAN FUND • Loans advanced - $800,000 (to 15 businesses) • Jobs created/maintained – 77 • Free in-depth coaching meetings – 891 •

Quickly jumped to action by providing existing loan clients with pandemic payment relief (0% interest and no payments)

• Specialized lending programs • Flexible ways to work with clients

COMMUNITY DEVELOPMENT ACTIVITIES THAT THE CDC PLAYS A LEAD OR PARTICIPATORY ROLE IN Community Capacity Building Fund • $40,000 granted to 19 applicants this year; over $227,500 granted to 176 applicants since 2011 Professional Development Program • 22 partner organizations; 25 seminars with 702 participants last year; 188 workshops offered since 2012 with 4,105 participants Mentorship Program • Several youth entrepreneurs accessed our Youth Mentorship Program in 2020/21 Youth Wage Subsidy Programs • 122 wage subsidies provided to date to employers to create work experiences for youth aged 15-30 BizLink: Buyers. Sellers. Connected. • Expanded program across Simcoe County • Assisted 86 sellers and 108 buyers, resulting in 31 successful business transitions to date and several others pending The CDC is also a member of several other ongoing committees supporting community economic development.


SPECIAL THANKS Through the CDC, our local businesses and community are strengthened with the ongoing support of: 22 COMMUNITY PARTNERS

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26 VOLUNTEERS

BOARD OF DIRECTORS Mike Bunn Rob Furlonger Mark Borysiak Lisa Thomson-Roop Glen Ryter Rob Griffin

Past President President Vice President 2nd Vice President Treasurer Director

Jenna Hunter Stephanie Dimech David Jefferies Erin Fordham Sheri Tornosky

Director Director Director Director Director

STAFF Wendy Timpano Susan Stacey Carol Benedetti Samantha Vessios John Sloan Katie Maracle

General Manager Loans Officer Community Development Coordinator Office & Marketing Coordinator Client Services Officer Youth Project Officer

TESTIMONIALS

“ The help I got from the CDC was paramount. The Regional Relief and Recovery Fund loan came just in time and gave me a buffer to recover from the pandemic. It allowed me to invest and push ahead instead of having to pull back.”

“ There are a lot of open-minded people at the CDC who want to see small business owners succeed. They’re not just looking at the numbers, they’re looking at the person too. Since starting this journey with the CDC, I have never felt like I’m on the wrong path.”

MATT SPENCER CROSSFIT ORILLIA

KELSEY BEESLEY MY MOON COLLECTIVE