$2 Million in grants to support skills-building, create job prospects and
foster entrepreneurship
Ontario Trillium Foundation Future Fund focuses on new approaches, new opportunities
THUNDER BAY, ON,
NEWS
The Ontario Trillium Foundation today announced
These latest Future Fund grants are being made public at events in Thunder Bay (
In Toronto, the recipients of four projects totaling $729,900 are:
- Access Community Capital Fund (http://accessccf.com/)- $125,500 over
three years to develop chapters of Access Community Capital Fund in
six Toronto neighbourhoods. Micro-loans will be extended to low-
income individuals who are starting or running small businesses but
unable to secure traditional bank financing.
- Social Investment Organization (http://www.socialinvestment.ca/) -
$90,000 over 18 months to investigate and develop the early stages on
an Ontario Community Venture Fund, an province-wide fund that would
make it easier for private capital to be invested in not-for-profit
social enterprise ventures.
- Woodgreen Community Services (http://www.woodgreen.org/index.html) -
$484,400 over three years to replicate in Mississauga the successful
Homeward Bound program which helps homeless single mothers get on
their feet through supportive housing, training, child care, job
readiness, work internships and placements.
- Artscape Inc. (http://www.torontoartscape.on.ca/index.php) $30,000
over one year to study the feasibility of establishing a
multidisciplinary incubation centre. The centre would deliver
specialized training and business support for creative sector
enterprises.
Waterloo's Lutherwood (http://www.lutherwood.ca/) received
The Ojibwe community of Pikangikum First Nation (http://www.whitefeatherforest.com/pikangikum_first_nation/introduction.php) north of Red Lake received
PARO: Centre for Women's Enterprises (http://www.paro.ca/) in Thunder Bay receives
QUOTE
"These grants are a vote of confidence in communities and local residents. They recognize that often-marginalized people and places are in fact remarkably resilient and enterprising," said OTF Chair Helen Burstyn. "The 2009 Future Fund grants to these seven organizations will help individuals and communities participate more fully in Ontario's shifting labour market and become more active contributors to our economy. By making them stronger, we make Ontario stronger."
QUICK FACTS
- The 2009 Future Fund grants support two types of projects:
- Initiatives that build local or province-wide systems that
support:
- New approaches to skill development
- Improved access to employment
- New economic opportunities, through social purpose enterprises
or community economic development initiatives
- Increased access to financial capital for small scale
entrepreneurs
- Initiatives that prepare communities to take action - the support
needed to take a germ of an idea, explore it, then collaborate
with others to address tangible economic opportunities that
leaders can see within in their own organization, professional
network, or community
- Today's announcement builds on a June 2009 Future Fund announcement
in which six innovative projects and collaborations received $2
million in Ontario Trillium Foundation support. These projects
focused on social enterprise and social financing, creating new
partnerships with employers, and boosting skills training and
business creation for Northern youth.
ABOUT OTF
OTF established the Future Fund in 2007 as part of its commitment to invest in Ontario's future. In 2007 and 2008, the Future Fund targeted leadership in the environment sector. In 2009, the fund focused on innovative initiatives that create social and economic opportunities for Ontarians.
A leading grantmaker in
MORE
View a full list of Future Fund recipients
(http://www.trilliumfoundation.org/cms/en/ff_grants_08_09.aspx)
Learn more about the Ontario Trillium Foundation
(http://www.trilliumfoundation.org/cms/en/index.aspx)
Follow L. Robin Cardozo on Twitter (http://twitter.com/CEOatOTF)
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For further information: Angela Kooij, Senior Communications Officer, Agente des communications, (416) 963-7917, [email protected]
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