Peterborough Blogs
Community Futures Peterborough's ScaleUP Program Announces 2024 Cohort of Graduated Businesses
/Six entrepreneurs growing their business operations have completed and graduated from Community Futures Peterborough’s (CFP) 2024 ScaleUP program and were commemorated at their facility at the Venture North Building on Tuesday.
The initiative is a collaboration between CFP and Scotiabank which help equip the entrepreneurs with strategic insights and tools necessary for accelerated growth according to Devon Girard, CFP executive director.
“This dedicated group of ambitious business owners is now equipped with a customized expansion plan to grow and scale their operations,” she said, “We couldn’t be prouder to support their business journey, and we’re thrilled to see their sustainable growth plans put into action.”
The 2024 ScaleUP program was designed to address the evolving needs of regional entrepreneurs with the strategic tools required to make key decisions about how their businesses can scale according to a press release.
Graduates of the fall cohort of the program include:
Tracy Cosburn, Kyoto Coffee
Alicia Doris, Living Local Marketplace
Jacob Rodenburg, Camp Kawartha
Debra Ragbar, Kawartha Spice Company
Clint Clarke, Barking Pixel Design Co.
Sean Flanagan, Flanagan and Sun
The 2024 ScaleUP program was led by Diane Richard, an industry consultant and a team of regional experts over five months. Each graduates leaves the program with a customized growth plan to help them create sustainable expansion of their business.
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Community Futures Launches Business Advisory Centre; Starter Company Plus Program Applications Open for Business Funding
/Community Futures Peterborough (CFP) expanded its services by launching its newly revamped Business Advisory Centre (BAC) with a ribbon-cutting ceremony at the Venture North Building on Monday afternoon.
Rosalea Terry, recently named the 2024 Businesswoman of the Year and business and marketing professor at Fleming College, has been hired as the BAC manager. She is joined by Lindsey Irwin as the business advisor and is a leading marketing consultant and a professor at Fleming and Trent University.
The Business Advisory Centre offers a comprehensive suite of services, combining access to grants, microloans, top-tier advisors and specialized programs to support business growth, scaling and even selling according to a press release.
These resources and expertise make it a one-stop hub for entrepreneurs and small business owners to succeed according to Devon Girard, CFP executive director.
“With the launch of the Business Advisory Centre, we're taking a significant step forward in supporting the entrepreneurial spirit that drives both our city and county,” she said. “By bringing together top-tier talent like Rosalea Terry and Lindsey Irwin, we're ensuring our local businesses have access to the expertise, mentorship, and resources they need to thrive. This Centre is not just a resource for entrepreneurs; it's a catalyst for economic growth across our entire region.”
CFP was assuming operations of the Business Advisory Centre that was announced in June. This enables them to provide small business owners and aspiring entrepreneurs access to funding and advisory services in one location.
Services of the BAC include mentorship, expert consultations, advisory, grant programs, confidence coaching, workshops, masterminds and networking events, catering to businesses at all stages of growth, from early-stage startups to scaling enterprises.
In addition to the BAC’s launch, CFP has opened its applications to its Starter Company Plus program. It offers businesses the opportunity to receive up to $5,000 in funding and ongoing support and mentorship to start or grow their ventures. Applications for the program are open until Oct. 4 at 4 p.m.
“We are incredibly confident in the team we've assembled to lead the Business Advisory Centre,: said Wayne Harding, CFP board chair. “We're empowering our community with the tools and guidance necessary to succeed in today's dynamic market. Community Futures Peterborough is the go-to for businesses and entrepreneurs and will undoubtedly bolster our local economy and create lasting opportunities for growth throughout the city and county.”
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Business Advisory Centre Services Moving to Community Futures Peterborough
/Small business owners and aspiring entrepreneurs can access funding and advisory services in one place as Community Futures Peterborough (CFP) will begin delivering services provided by the Business Advisory Centre (BAC), announced on Monday morning.
“We couldn’t be more excited to offer a continuation of expert advisory services, as well as delivering Small Business Enterprise Centre (SBEC) programs from the Community Futures Peterborough office,” says Devon Girard, CFP Executive Director. “We are thrilled entrepreneurs and business owners can access these additional services through our office door in Venture North.”
The BAC is a part of the Small Business Enterprise Centre program. It is funded by the Province of Ontario through the Ministry of Economic Development, Job Creation and Trade, was previously operated by Peterborough & the Kawarthas Economic Development (PKED).
“The Province of Ontario is thrilled to announce the continuation of the SBEC program serving our community for decades,” said Dave Smith, Peterborough–Kawartha MPP. “We are fortunate CFP and PKED are both committed partners to ensure this smooth transition and are grateful they are committed to continuing this program, allowing entrepreneurs the tools they need to start and grow their businesses.”
PKED and CFP have worked for years to ensure entrepreneurs have access to the BAC programming, including developing business plans, market research, startup validation, and business expansion support, according to a press release. Several It continues to add that entrepreneurs would then come across the hall to Community Futures Peterborough to apply for a business loan. Forty per cent of CFP’s current loan portfolio has worked with PKED through the BAC.
“As the region undergoes substantial changes to the way economic development services will be offered, it is our top priority to ensure that the needs of business are at the forefront,” said Rhonda Keenan, PKED President and CEO. “Community Futures Peterborough is well-equipped to take on this important work, as we have always worked well together, sharing a substantial number of clients and an integrative referral system. We are proud to have had the opportunity to help so many businesses start and grow, and we remain committed to ensuring the continuity of the services we offer as the region’s Small Business Enterprise Centre and will continue to collaborate as CFP takes on this responsibility moving forward,” added Keenan.
CFP and PKED have confirmed that the City and County of Peterborough have agreed to the move between the two companies.
“The City of Peterborough is pleased to continue to partner with Peterborough County to support the Small Business Enterprise Centre as it transitions to Community Futures Peterborough,” said Jeff Leal, Mayor of Peterborough. “I’m thrilled that the team at Community Futures Peterborough will ensure that local small businesses and entrepreneurs continue to benefit from the essential supports that the SBEC provides.”
“Peterborough County is committed to ensuring a smooth transition of the Small Business Enterprise Centre in Peterborough,” says Warden Bonnie Clark. “Small businesses are the backbone of our communities and the SBEC provides essential support services to them and to aspiring entrepreneurs who want to set up in Peterborough County. We have full confidence in the team at Community Futures Peterborough and they have our full support as they take on this new responsibility.”
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Community Futures Peterborough Launches New Green Funding Program For Any Peterborough City/County Business Of Up to $100,000
/Community Futures Peterborough (CFP) for Earth Day, unveiled its Climate Change and Environment Fund to help any Peterborough County and City businesses reduce their carbon footprint, announced at Charlotte Products Ltd. on Monday morning.
“Like many organizations and leaders in the community, we want to be a part of helping fight climate change and encourage green investment in the Peterborough area,” said Devon Girard, CFP executive director. “Launching this new lending program is one way we can play a role in supporting existing businesses while also trying to attract new green companies to the region.”
The Climate Change and Environment Fund is open to any business to finance a project to reduce carbon emissions or waste. These projects could consider energy-efficient upgrades (including capital upgrades) to reduce energy bills, renewable energy improvements, or considerations of circular economies, including localizing supply chains or buying reusable bins. Under this fund, CFP will lend money at a prime rate, up to $100,000 per project.
Charlotte Products Ltd. has reduced carbon emissions by investing in the creation of its local manufacturing facilities instead of sourcing from the United States and globally.
“On behalf of the Charlotte Products team, we are honoured to host this exciting launch of the Climate Change and Environment Fund by Community Futures Peterborough,” says Matt Strano, Charlotte Products Ltd. CEO. “Sustainability is a primary concern for numerous businesses in our community,and initiatives like this fund will further bolster and reinforce their ongoing efforts.”
“The climate crisis is bringing a variety of increased financial pressures to our businesses including supply chain disruption and the rising costs of both shipping and natural gas,” said Tegan Moss, GreenUP executive director. “The Climate Change and Environment Fund is an opportunity for businesses to invest now in solutions that can help their businesses manage these costs while being a part of the solution. Imagine the possibilities: energy-efficient upgrades, renewable energy installations, circular economy initiatives – all aimed at reducing emissions, lowering costs, and enhancing the brand image of our businesses.”
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Community Futures Peterborough To Give $50,000 To Peterborough and County Projects In New Funding Program Launch
/Community Futures Peterborough (CFP) has launched a new funding program called the Community Advancement Program (CAP) to distribute $50,000 to projects driving economic stability, job growth and job creation which was announced at the Venture North Building on Tuesday morning.
The program provides a maximum of up to $5,000 (non-repayable funding) to each successful applicant for their project. It is open to all businesses, not-for-profits and individuals in the City and County of Peterborough.
“The creation of this program demonstrates the commitment our organization has to advancing our local community forward,” said Devon Girard, CFP executive director. “The distribution of $50,000 in our economy should make a real difference to drive various economic development initiatives.”
CFP seeks projects that boost community business attraction, investment, retention and employment. Applications are being accepted until March 8, when a committee will oversee the applicant process following the deadline.
“The Community Advancement Program will boost economic development in our region by helping businesses, non-profits and individuals in the City and County of Peterborough to invest in their community,” said Jeff Leal, Peterborough mayor.
“Community Futures Peterborough, with the support of FedDev Ontario, continues to help our business community reach its full potential,” said Bonnie Clark, Peterborough County Warden. “The CAP program will help businesses to adapt, innovate, and grow to serve our communities including those in rural Peterborough County.”
The federal government funds the money through FedDev Ontario.
CFP will notify selected applicants in April, according to Girard. Applications are available online at CFP’s website.
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Community Futures Peterborough Introduces New Start-Up With Arc Motor Company
/Community Futures Peterborough (CFP) has introduced its new client, ARC Motor Company in the Peterborough Airport’s Loomex Hangar on Wednesday afternoon.
The affiliation of the two companies saw CFP help launch ARC with a business loan.
“The passion, drive, and commitment to sustainably innovative technologies are all demonstrated through the leadership team at ARC,” says Devon Girard, CFP executive director. “We are so excited to reveal this company and its commitment to sustainability to the world.”
Based in Peterborough, Ontario, ARC is a green-tech start-up that transforms and upcycles iconic classic cars into modern and powerful electric vehicles. They equip electric vehicles with the latest technology to drive better performance and contribute to a future with net-zero emissions. The company is headed by CEO Sloane Paul — the first woman in North America to establish such a start-up — with her brother Tom Chep as the COO.
“Not only are we grateful to the team at Community Futures Peterborough for providing us with a critical loan, but also for their invaluable expert advice and guidance,” said Paul. “Their mentorship has been instrumental in steering us—as a start-up-along the right path.”
“With the support of Community Futures Peterborough, we are poised to make a meaningful impact on our community's future,” said Chep.
Chep successfully engineered the restoration of the company's first car. A 1974 Ford Bronco into a fully electric vehicle using upcycled lithium-ion batteries.
As a start-up company, qualifying for lending from traditional banks became challenging, until Community Futures Peterborough could step in and provide lending options.
“Small town businesses create very big ideas,” says Bryan May, Member of Parliament for Cambridge and Parliamentary Secretary to the Minister responsible for the Federal Economic Development Agency for Southern Ontario. “ARC Motor Company is an example of how great ideas get off the ground with the right supports. Our government works with businesses and the organizations like Community Futures Peterborough that support them, as they find new and innovative ways to contribute to a strong economic future for Ontario and all of Canada.”
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Nine Entrepreneurs Graduate From Community Futures Peterborough and Scotiabank's ScaleUP Program
/Nine entrepreneurs were celebrated as they completed and graduated from the transformative ScaleUP program ran by Community Futures Peterborough (CFP) and Scotiabank at the Venture North Building on Thursday afternoon.
“For the past eight weeks, these ambitious business owners have participated in extensive one-on-one coaching alongside intensive classroom sessions to better equip them with the knowledge and tools to accelerate their business to the next level,” says Devon Girard, CFP executive director. “Each graduate is walking away with a customized roadmap to help guide them through the next phase of sustainable growth for their business.”
The program educated area entrepreneurs and gave them the tools to make key decisions about how to grow and expand their businesses in our community according to a press release.
“Scotiabank offers our heartfelt congratulations to the graduates of the ScaleUP program. The support this program offers to participants is aligned to the tailored advice we deliver to our clients as they look to grow and expand their business,” says Chris Skinner, District Vice President of Ontario Central East. “We are proud to have partnered with Community Futures Peterborough in supporting entrepreneurs and businesses in the community.”
Graduates of the fall cohort of the program include:
Robyn Jenkins, Charlea’s Riverside Gardens
Tracy Logan, Logan Tree Experts
Angela Jones, Lakeshore Designs
RJ Kayser, Flowspa
Robyn Ivory, Indigenously Infused
Brett Pritchard, The 3D Shoppe
Kollene Drummond, Well Grounded
Matt Anderson, Chemong City Greens
Jena Trimble, Zen Home and Cottage Cleaning Service