Ottawa Organizations Receive More Than $1 Million in Funding for Economic and Social Transformation



    
    Grants Support Innovative 21st Century Approaches to Financing,
    Entrepreneurship and Employment
    

    OTTAWA, June 5 /CNW/ - Three Ottawa-based organizations will help drive
change in the economy, locally and provincially, by advancing social
enterprise, social finance and new partnerships with employers.
    The three Ontario Trillium Foundation grants totalling $1,114,900, were
announced today by the Hon. Jim Watson, Minister of Municipal Affairs and
Housing. These three grants are part of a group of six Future Fund grants
focused on creating economic opportunities across the province.
    "The McGuinty Government wholeheartedly supports the vision for Eastern
Ontario these organizations hold," said Watson. "I applaud their effort to
create a sustainable economy and increase access to the job market for
marginalized groups and individuals. They are contributing to build vibrant,
prosperous and resourceful communities."
    "Developing innovative social financing vehicles is a new field in
Canada," said Gisèle Richer, OTF Board Member. "OTF is very excited to be
supporting leading-edge work in this field. I believe these bold Future Fund
initiatives will have tremendous economic impact in Ontario's communities."
    "These three organizations create a hub in Ottawa that will provide
immediate benefits to Ottawa," said MPP Yasir Naqvi, who hosted the event.
"This hub will launch a momentum in social enterprise and financing, and will
provide creative training opportunities that will enhance our capacity as a
community

    
    The Future Fund grants announced today in were awarded to:

    -   Carleton University's Carleton Centre for Community Innovation

        $299,200 over 30 months to mobilize the capital marketplace to serve
        community non-profit sector needs and reduce existing barriers to the
        development of a Canadian social financing system.

    -   Causeway Work Centre

        $342,700 over three years to establish a Collaborative for Innovative
        Social Enterprise Development (CISED) that will provide support to
        emerging and established social enterprises in Eastern Ontario so
        that they can contribute to employment and economic needs in the
        community.

    -   LASI World Skills

        $500,000 over three years to eliminate systemic barriers to
        employment and enhance the ability of employers in the public,
        corporate and not-for-profit sector to recruit, hire, orient and
        retain internationally trained workers.
    

    In addition to the Ottawa organizations mentioned above, the three other
latest Future Fund grant recipients are Toronto's MaRS Discovery District, the
Sault Ste. Marie Innovation Centre and Moose Cree First Nation's Youth
Opportunity Centre. Together these Future Fund Grants for Economic
Opportunities total $858,100.
    The Ontario Trillium Foundation established the Future Fund in 2007 to
support innovative partnerships and initiatives within a specific sector in
order to strengthen their impact. This strategic funding program creates
significant and sustainable opportunities for communities, networks and
individuals to participate fully in Ontario's future.
    In 2007 and 2008, the Future Fund targeted leadership in the environment
sector; in 2009, it will support innovative initiatives that create social and
economic opportunities.

    The Ontario Trillium Foundation is an agency of the Government of
Ontario. To learn more about OTF programs, visit www.trilliumfoundation.org.

    
    Link: See the profiles of the latest Future Fund recipients at
    http://www.trilliumfoundation.org/cms/en/ff_june05_09.aspx
    





For further information:

For further information: Renée Ouellet, Ontario Trillium Foundation,
1-800-263-2887 ext. 265 or online at rouellet@trilliumfoundation.org


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