About PELACFDC, Economic Development Organization | PELA CFDC

             

Jun 26, 2017
News and Events
MP Ellis Announces $2.7M in Venture Capital for Tech Firms in PEC
Picton, Ontario, October 14th, 2016 – Neil Ellis, Member of Parliament for the Bay of Quinte Riding, today announced investments totaling $2, ...Full Story
Friday, October 14
Four Lennox & Addington County Businesses Receive EODP Support
October 28, 2016 – Lennox & Addington County The Prince Edward/Lennox & Addington Community Futures Development Corporation (PELA CFDC) and ...Full Story
Friday, October 28

About Us

Prince Edward/Lennox & Addington Community Futures Development Corporation (PELA CFDC) is a community based non-profit corporation aimed at encouraging local entrepreneurship and economic development. Along with grants and loans PELA CFDC provides advice and business planning free of charge.

PELA CFDC works closely with communities to assess local challenges, and to look at new ideas and opportunities that could strengthen their economies. PELA CFDC has teamed up with Queens University and formed the PELA Institute for Rural Economic Development which provides a place for communities and academics to come together to share research on various topics that affect the local economy. To learn more visit www.pelaird.ca

Our Impact

PELA CFDC assisted 203 businesses in Prince Edward/Lennox & Addington Counties between 2006 and 2009. Today, these establishments account for over 14 per cent of the small business community.

Between 2004 and 2008, PELA CFDC's Lending Program created $24.8 million in real capital investment spending and boosted Ontario's real GDP by approximately $38.9 million. The program also supported 791 local jobs.

For complete details, download Assessing the Impact of PELA CFDC

Our Service Area

OACFDC.(n.d.).Retrieved from www.ontcfdc.com

 
“Dealing with the EODP was incredibly easy and the process required minimal time.  Staff was very helpful." - Howard Mahon, Wilton Tack
 
“Without PELA CFDC's support we would not have had the ability to take those much needed first big steps. You believed in us at a time when few did.” - Quincy Emmons, Fire X Protection
 
“We recommend the EODP funding to any business that believes in continuous improvement and development, and who is looking to fast forward business growth.” - Angela Lees, Calderwood Automation
 
"The connections I made and support system that was available during and after the program really helped. - Renia Tyminski, Hallowell Gardens Centre
 
"The in class portion of the Ontario Self Employment Benefit Program was the most beneficial for me... I was given the resources and one-on-one guidance I needed to map out a successful plan. - Rob Fenwick, Former SEB Client