Starter Company Plus Program Provide $39,000 In Grants to Eight Local Small Businesses

Eight local small businesses were given micro-grants of $39,000 combined from the Peterborough & the Kawarthas Economic Development (PKED) to help support sustainable business growth in a cheque presentation at the Venture North Building on Thursday.

(Top) Madeleine Hurrell, Manager of the Business Advisory Centre; (Middle left to right) Cody Lewis, Mackenzie Caldwell, Meaghan Kynock, Katie Jackson (Bottom left to right) Iola Taylor, Sara Scheuermann, Jordan Lyall, Joe Crowley. Since its launch in 2017, the Starter Company Plus program through the BAC has assisted over 230 entrepreneurs in Peterborough & the Kawarthas. These small businesses have created over 220 jobs in the local economy. Photo courtesy of PKED.

The funding was through the provincial government’s Starter Company Plus program.

Twelve small business entrepreneurs completed the five-week full-day business training course the Peterborough & the Kawarthas Business Advisory Centre (BAC) offered. According to PKED, based on the strength of their business plan, cashflow forecast, and business pitch, the following businesses were each awarded a micro-grant of up to $5,000:

  • Iola Taylor – Cold Duck Creamery, City of Peterborough

  • Joe and Liz Crowley – Crowley Acres, Township of Otonabee South-Monaghan

  • Sara Scheuermann – Steaped Slow Ceramics, City of Peterborough

  • Katie Jackson – Wanderlight Luxury Farm Stay, Douro-Dummer Township

  • Jordan Lyall – Jordan Lyall Photography, City of Peterborough

  • Cody Lewis – Cody Lewis Carpentry, City of Peterborough

  • Meg Kynock – muttmixx, Township of Havelock Belmont-Methuen

  • Mackenzie Caldwell – Grace&Glow Beauty Studio, City of Peterborough

“Now in its tenth intake, the Starter Company Plus program has directly contributed to the growth and development of small businesses in Peterborough & the Kawarthas,” said Madeleine Hurrell, Business Advisory Centre (BAC) manager. “Peterborough & the Kawarthas Economic Development understands how critically important our small business sector is to our local economy; these businesses support our workforce, attract visitors and invest back into the community.”

As part of the Starter Company Plus program, all participants receive ongoing business support from the BAC to stimulate growth and scale their businesses. They are also pre-conditionally approved for a micro-loan through partner agency Community Futures Peterborough. They will receive a complimentary six-month trial to the Peterborough and the Kawarthas Chamber of Commerce.

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Voice of Business: OCC Calls For Forward Looking Investments in Budget 2024 Amidst Economic Challenges

Guest Column from the Ontario Chamber of Commerce

In the wake of the Province’s Economic Outlook and Fiscal Review, Rocco Rossi, President and CEO, Ontario Chamber of Commerce (OCC), is calling on the Ontario government to prioritize strategic, long-term investments in the upcoming 2024 budget.

“Ontario’s business community continues to grapple with challenges ranging from labour shortages to inflation to broader economic uncertainty. In Budget 2024, the Ontario government needs to focus on measures that not only support immediate growth but also lay the groundwork for sustainable long-term economic expansion.”

The OCC’s membership encompasses a wide range of industries, each with its unique needs and challenges. However, there are crucial areas where the government’s focus in the 2024 budget can significantly impact all sectors. These include:

  1. Investing in Workforce Development: To address critical labour shortages, investments to resolve skills mismatches are vital. These initiatives should be designed to close the gap between current workforce skills and the evolving demands of Ontario’s labour market.

  2. Enhancing Infrastructure: Strategic investments in infrastructure, including transportation and digital connectivity, can boost immediate economic activity while supporting long-term growth. This includes expanding broadband access in rural and remote areas and upgrading public transit and road networks.

  3. Fostering a Business-Friendly Environment: Implementing policies that reduce red tape and create a conducive environment for business growth is essential. This includes reviewing and streamlining regulatory processes, providing tax incentives for businesses looking to expand or relocate to Ontario and targeted support for indebted small businesses.

  4. Supporting Innovation and Technology: Encouraging the adoption of new technologies and supporting innovation can help Ontario businesses remain competitive in a global market. This includes providing incentives for research and development and supporting technology-driven sectors.

“The OCC welcomes the Province’s commitments in its 2023 Ontario Economic Outlook and Fiscal Review across crucial policy areas, including housing, health care, investment attraction, workforce, and infrastructure, which will have positive implications for the economy. Notably, the new Ontario Infrastructure Bank (OIB) has the potential to unlock private investment in infrastructure, including affordable housing, which has been indicated as a top priority for the bank.”

The OCC remains committed to working collaboratively with the government and its members to advocate for policies that bolster the province’s economic health and ensure a prosperous future for Ontario.

The Peterborough and the Kawarthas Chamber of Commerce is an active and engaged member of the Ontario Chamber of Commerce.

Content provided by the Peterborough and the Kawarthas Chamber of Commerce.

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Popular Bubble Tea Franchise 'Chatime' Hosts Grand Opening In Peterborough's North End

Peterborough’s newest entrepreneur Kanza Ghzanfar started her week-long grand opening of the popular bubble tea franchise Chatime in the north end of town on Friday.

Kanza Ghzanfar (left) with her brother Zaeem Ghzanfar (right) during Chatime’s first day of business. Their father owns the neighbouring Osmow’s Shawarma and is operated by Zaeem. Photo by David Tuan Bui.

The grand opening runs until Nov. 23. The storefront is located on 1447 Water St. Unit 6 next to the Osmow’s Shawarma. Ghzanfar’s family owns the latter and had worked there for an extended period of time since opening in 2018. The young entrepreneur wanted to take a risk and bring her love of bubble tea to Peterborough.

“Personally, I'm just the biggest fan of Chatime myself and five years ago I was craving bubble tea,” she said. “I put 'bubble tea' in Google Maps and the closest it was taking me to was Oshawa.”

Bubble Tea is a popular Taiwanese drink commonly consists of green or black flavoured tea typically with chewy tapioca balls (that act as the ‘bubbles’) and can include milk. Other popular toppings include popping boba (encased spheres of syrup or juice), jelly or fruit.

Customers can adjust sugar and ice levels to their bubble tea as the beverage boasts to be a healthier alternative to other sweet drinks.

Chatime is an chain with over 3,000 locations worldwide according to their website. It is widely popular in the Durham and Greater Toronto Area region.

Ghzanfar is from Toronto and attended University of Toronto (St. George Campus), earning a double major bachelor’s degree in criminology and politics. She earned her Masters at Wilfrid Laurier University, studying national security. She turned down a Ph.D offer and wanted to stick to her roots. She was immersed in a business with her family for several years and wanted to continue that.

“Back then, I didn't know I was going to get involved in the business world but I knew that if I was going to do something at any point, it would have to be bubble tea related,” explained Ghzanfar.

The week-long grand opening has a photo booth with bubble tea props. There are also two daily promotions during that week including a buy on get on free promotion on select drinks (Pearl Milk Tea, QQ Mango, Peach Green Tea) from 1 p.m. to 4 p.m. Customers can spin a wheel to possibly win free drinks, toppings and other prizes from 4 p.m. to 10 p.m.

The store is fully-employed by Trent University students and accepts Trent flex cards as payment. Ghzanfar had many food and drink options in close proximity to her post-secondary institutions but believes Trent students do not have the same luxury.

“I feel like with Trent, there are wasn't that many options for students that were available so close to campus so that was primarily why I wanted to target that kind of community,” she explained. “At the end of the day, I still wanted to get involved with the locals are aware of our presence, what the product is and what we bring to the table.”

Chatime is open seven days a week and are open from 11 a.m. to 11 p.m. Delivery orders can be made through DoorDash, Uber Eats and Skip the Dishes.

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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.

(From Right to Left) Bryan May, Parliamentary Secretary to the Minister of Small Business; Tom Chep, COO Arc Motor Company; Warden Bonnie Clark; Sloane Paul, Founder/CEO of Arc Motor Company and MP Michelle Ferreri. A ‘74 Ford Bronco has been converted into an electric vehicle by Arc Motor Company. Photo by David Tuan Bui.

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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Voice of Business: Quality Data Takes Local Input

Data is worth more than $100 billion globally, a figure that is quickly increasing.

That’s just the value of what we can directly monetize. Its value goes well beyond that, playing a critical role in life and business. We use data for everything from picking television shows to planning growth in our communities.

Good quality data can be priceless. The more detailed and the more local the information, the greater its impact. At the Chamber, we rely heavily on data to better understand business and economic challenges and create forward-thinking policy that will better position our business community for the future.

One way you can help is by completing the Ontario Chamber of Commerce (OCC) Business Confidence Survey. This annual survey of businesses across Ontario offers a benchmark on the business climate. It’s your opportunity to have your voice heard on the issues that matter most, including priorities for economic growth, labour shortages, technology, climate change, and confidence in the economy and your own organization’s success.

Data from the Business Confidence Survey is used in the OCC’s annual Ontario Economic Report and its advocacy on policy priorities for the year ahead. As well, chambers, boards of trade, and other organizations use that data to inform their understanding of the challenges and opportunities facing businesses.

The more local participation we have in the survey the more local the data we access. Otherwise, we are relying on data aggregated from across Ontario. Please take five minutes and complete the Business Confidence Survey here. The deadline for submissions is Nov. 21.

Nearly two years ago, the Canadian Chamber of Commerce (CCC) launched its quest to democratize data with the Business Data Lab (BDL). The BDL brings together the latest data from various sources to track evolving market conditions in user-friendly modules. It’s a powerful tool that makes accessing current data and analysis easy for businesses and organizations — and it’s free!

Last week, the CCC announced an expansion of the BDL Business Conditions Terminal. This tool offers up-to-date and historical data on:

  • Sentiment and outlook

  • Workforce

  • Business activity

  • Business dynamics

  • Financial conditions

  • Transportation and tourism

  • International trade

  • Environmental practices

It also includes an executive summary section offering a brief summary of each topic as well as a rating on its conditions.

Currently, the BDL is seeking renewed support from the federal government to keep this valuable tool functioning at its best. We have signed a letter urging the Government of Canada and the Honourable Rechie Valdez, Minister of Small Business, to continue supporting BDL's mission and tools.

Locally, we need you to subscribe and read our weekly newsletters to get the latest information and find opportunities to offer your input on Chamber initiatives and priorities.

Content provided by the Peterborough and the Kawarthas Chamber of Commerce.

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The Chocolate Rabbit Hosting Grand Opening For East City Location On Dec. 2

East City is going to get a little sweeter next month as The Chocolate Rabbit is having a grand opening at the East City location on 72 Hunter St. E. for Dec. 2 at 10 a.m.

The shop’s signature item are ‘Mud Bugs.’ They are bite-sized chocolate with caramel and almond centers and lightly sprinkled with sea salt. Photo by David Tuan Bui.

The shop started in Lakefield by Lois and Larry MacEachern in 2006. The Webster family took ownership August of 2021 and opened their second location in Bancroft at the old fudge factory location in June of 2022. The Websters own and operate all three locations.

The ceremony will have an official ribbon-cutting ceremony to mark the chocolatier’s third location in the Kawarthas.

Customers can meet the Webster family, enter a draw to win a few personalized Chocolate Rabbit gift baskets and and taste test chocolate during the grand opening.

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StoosNews Spotlight: Check Out The Business Beat This Week Featuring The Chocolate Rabbit, Planet Renovations, JA-NEO and Innovation Cluster

PTBOCanada is delighted to be running StoosNews columns each week here, spotlighting new businesses and startups in Peterborough and the Kawarthas. Here is this week’s edition…

The Chocolate Rabbit recently hung a ‘Coming Soon’ sign at 72 Hunter St. in East City.

The Chocolate Rabbit is already a well-known stop in Lakefield and Bancroft, and owners Elaine and Scot Webster and their family promise more of their popular Handcrafted Swiss Chocolate treats, loose-leaf tea, gifts and more. Watch for an opening soon as East City continues its exciting commercial growth.

Peter DeSanto and David Whan are planning the launch of a new design center for their company - Planet Renovations.

Located at 71 Princess St. in Peterborough, the design center is meant to inspire contractors, designers and customers to dream big. PDeSanto brings 40 years of construction, project management and home improvement experience. Whan is an avid woodworker with 25 years of experience in the kitchen and bath renovation sector. Planet Renovations offers everything from general contracting to complete interior, exterior and commercial renovations.

Nominations are now open for Junior Achievement - Northern and Eastern Ontario’s 2024 Business Hall of Fame for both Peterborough and the City of Kawartha Lakes!

Nominee candidates will look like esteemed members of the community, widely respected for their business acumen, integrity, and contributions to the community. Nominations close Nov. 24. Nomination forms can be found online at ja-neo.org.

The Innovation Cluster recently announced a strategic partnership with PORCH, an exclusive community dedicated to empowering immigrant entrepreneurs by providing resources, events, and a community platform designed to address their unique challenges.

The collaboration will focus on mutual referrals, joint event collaborations, and a combined marketing effort, all designed to maximize the reach and impact of immigrant entrepreneurs. It’s a great partnership and you can find out more at innovationcluster.ca.

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Voice of Business: Employment Lands Can’t Be Left Out of the Growth Conversation

We desperately need more housing but it’s not good for our long-term sustainability to tackle the issue as housing at all costs.

The lack of housing opportunities is creating significant challenges and anxiety among businesses and our community as a whole. We have already become too expensive for some to live here and the problem seems to worsen.

Understandably, all levels of government are fixated on creating more housing — as they should be. But we need to make sure we don’t lose perspective of the vision our communities need for the future.

We need more employment lands to go along with our population growth or we risk becoming an expensive bedroom community.

Not only will servicing more employment lands build a stronger local workforce, but it offset the tax burden placed on homeowners. Commercial and industrial property owners in Peterborough pay 1.5 times the tax assessment rate of residential homeowners. While they desperately need basic municipal services like water and sewer — they use fewer services overall.

Municipalities can generate more revenue with fewer expenses while growing our local economy by servicing employment lands.

But we have essentially run out of serviced employment lands. There are a few pockets here and there, but local opportunities are slim. This is not just a City problem — we need to approach this as a region. There is a long history on this subject and it comes with a lot of baggage. It’s time to step back, look at the bigger picture, and come back to the negotiating table with all options as we try and work collaboratively to grow stronger as a region.

Currently, the City of Peterborough’s Official Plan is holding back much of these negotiations from even starting. Section 6.1.7 a) states:

Municipal utility services, sanitary sewer and water supply shall not be extended beyond the City boundaries, except when such infrastructure is to serve City owned facilities such as the Peterborough Airport.

It does go on to provide a couple exemptions but this statement is very limiting not to allow the municipality even to consider servicing land not within their boundaries or land they don’t own.

The City of Peterborough already has servicing agreements with the County and several townships on long-term care, emergency medical services, social services, and policing. Why is it a non-starter for water and sewer? Municipalities across Canada have water and sewer shared service agreements, enough so that the Federation of Canadian Municipalities offers a template service agreement for municipalities to use. Providing water and sewer service is expensive, but it’s not unreasonable to create a shared service agreement that covers the costs of this and provides financial benefits to all parties.

The message this section of the Official Plan sends is that if you’re planning to work out an agreement for serviced employment lands with the City of Peterborough, you’re really negotiating the terms of having your land annexed.

Annexation may or may not be part of the solution. The same goes for serving development outside city limits. The solution to our employment land shortage will have to be negotiated collaboratively between all parties with the understanding that it will benefit all, regardless of which municipality is collecting the tax revenue.

The City of Peterborough is undergoing a review of its Official Plan. Much of this review is focused on the back-and-forth between it and the Province to create more housing. One consequence of this back-and-forth is the potential loss of the few future serviceable employment lands within City limits.

Now is the time to rework the Official Plan and the Peterborough and Kawarthas Chamber of Commerce strongly urges the City of Peterborough to completely remove section 6.1.7. We advocate that the City and the County work together in good faith to create an employment lands agreement. This will open more opportunities to build housing, create more property tax revenue, and grow our local economy.

Content provided by the Peterborough and the Kawarthas Chamber of Commerce.

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Art Gallery of Peterborough Closed Temporarily For Building Maintenance Until Saturday

The Art Gallery of Peterborough will be closed to the public from Wednesday to Friday for regular building maintenance and a collection reorganization project, announced by The City of Peterborough on Tuesday night.

File Photo.

The Gallery will reopen with regular hours on Saturday.

For information about Gallery exhibitions and programs, visit the Art Gallery’s official website.

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StoosNews Spotlight: Check Out The Business Beat This Week Featuring The First Five Club, JHS Bookkeeping Plus, Heather Bradley and Belmont Spiritual Health

PTBOCanada is delighted to be running StoosNews columns each week here, spotlighting new businesses and startups in Peterborough and the Kawarthas. Here is this week’s edition…

The First Five Club is the brainchild of Whitney Stoner, who is using her entertainment, recreation and fitness industry experience to create a vibrant community of fellow parents and families.

Stoner says the first five years of life are a crucial period that not only shapes a child's development but also shapes the bonds between caregivers and children. With a focus on fun and wellness, the First Five Club offers everything from lively meetups to workouts and zen time with diverse programming, affordability, considerate scheduling and expert instructors.

Peter and Michelle Davis recently launched JHS Bookkeeping Plus.

They offer Full-Service Bookkeeping, CRA Representation, Church, Not for Profit and Fund Bookkeeping, QuickBooks Online Set Up and assistance and QuickBooks Online Payroll and more. With over 30 years of experience, Peter, a CPA-CGA, possesses in-depth knowledge of all aspects of small businesses, and Michelle brings many years of experience handling operations. Both are Certified ProAdvisors for QuickBooks Online.

Award-winning children’s author Heather Bradley recently launched her new book ‘We Both Speak English But…’

It is the story of two cousins, two countries and one language. The cousins live over 3,000 miles apart. One wears a slicker, wellies and carries a brolly while the other wears a raincoat, rubber boots and carries an umbrella. One cousin wears a jumper, the other a pullover but Granny knit them both!

It’s a different kind of bilingualism that demonstrates that it’s not our differences that set us apart but our refusal to embrace them. You’ll find We Both Speak English But… at Kent Books, the Wee Tartan Shop, The Book Lady or online at Amazon, Barnes and Noble or Friesen Press.

Karen Kearney recently joined the team at Belmont Spiritual Health and Wellness Centre, which opened in June in Havelock.

Kearney is a graduate of the Esthetician program at Fleming College, holds a diploma in OTA, and is certified in reflexology. She offers facial massages, Royal pedicures and manicures, relaxation back massage, full relaxation massage, hot stone body massage, waxing, lash and eyebrow tints and ionized foot detox.

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