News and Events | PELA CFDC


Jun 26, 2017

PELA CFDC 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 $2,700,000 for 6 new Prince Edward County-based technology businesses resulting in the creation of 15 new jobs. Funds of $1,350,000 from PELA CFDC’s Upper Canada Equity Fund were matched by $1.35 million in additional investment from private sector investment partner, First Stone Venture Partners.Recipients include: Nessis Inc. Nessis provides software and engineering services for the manufacturing sector. Their line of software tools
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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 Mike Bossio, Member of Parliament for Hastings-Lennox & Addington, today announced an investment of $45,349 for local businesses in Lennox & Addington County. Funding for these four businesses has been provided, through the Federal Economic Development Agency for Southern Ontario’s (FedDev Ontario) Eastern Ontario Development Program (EODP). Thanks to the support of the local Community Futures Development Corporation, these businesses
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Other News
PELA CFDC Board of Directors announces departure of Craig Desjardins as Executive Director
Lennox & Addington County Businesses Receive Eastern Ontario Development Program Support

Mobile fashion truck Loft Girls set to launch in Napanee
Ryerson University announces new partnership to promote research, technological innovation and entrepreneurship to advance economic development of Eastern Ontario
Program Supporting Young Entrepreneurs Celebrates Success
Minister Goodyear & MP Kramp announce venture capital investments in Prince Edward County
FireRein Inc., Willis Manufacturing & Wilton Tack Shop in Lennox & Addington County Receive Eastern Ontario Development Program Support
SOFII Supports Energy Company Expansion in Napanee
Eastern Ontario Development Program Supports Foreign Direct Investment Incubator in Quinte Region
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“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