Kemptville — Gord Brown, Member of Parliament for Leeds–Grenville, today joined Jim Fisher, Chairman of the Grenville Community Futures Development Corporation (GCFDC), to present the Madison Montessori Academy Inc. with an investment of $42,277 towards total project costs of $83,500. The Academy will invest the balance. The investment was made through the Access to Capital - Community Retrofit Loan, Youth Internship, Skills Development, and Innovation and Information Communication Technology programs of GCFDC’s Eastern Ontario Development Program (EODP).
The Access to Capital - Community Retrofit Loan Program provides repayable, non-interest bearing loans, amortized up to ten years to qualifying businesses and commercial property owners for the purposes of interior retrofits and façade improvements. Madison Montessori has been approved for funding for the expansion of the existing Academy, constructing two additional classrooms.
The Youth Internship Program encourages employers to provide post-secondary school graduates with valuable full time work experience, ideally leading to full-time employment. Because of the expansion of the Academy, Madison Montessori has been approved for two Early Childhood Education Interns.
The objective of the Skills Development Program is to support initiatives designed to develop the labour force by meeting the needs of the business community. The Academy has been approved for seven full-time employees to complete the Montessori Diploma Training Program.
The Innovation and Information Communication Technology Program supports projects that will enhance and increase the utilization of information and communication technologies which will lead to increased participation in the knowledge based community. Madison Montessori will receive funding to develop their website to allow their clients to easily access resources and information about the Academy.
“GCFDC is committed to strengthening business development. We are pleased to be supporting the Madison Montessori Academy’s commitment to expanding and growing their business to provide excellent service to the community”, stated Jim Fisher, Chairman, Grenville Community Futures Development Corporation.
“The Government of Canada recognizes the important role that community based organizations play in strengthening the economy of rural communities,” stated Mr. Brown. “We are proud to support Community Futures Development Corporations who in turn support private sector organizations in their efforts to grow and diversify the local economy.”
GCFDC is a community-based, non-profit corporation funded by the Government of Canada through the Federal Economic Development Agency for Southern Ontario, for the purposes of delivering community economic development assistance, business financing and business counselling services to new and existing businesses and organizations in Grenville County. The Eastern Ontario Development Program promotes socio-economic development in Eastern Ontario by creating, building and developing the necessary conditions to increase business and employment opportunities in the area.
The EODP assists economic renewal in five priority areas: business and community development; skills development; access to capital; retention and attraction of youth; and technological enhancements. Funding and support of the EODP is provided by the Government of Canada, through the Federal Economic Development Agency for Southern Ontario and delivered via the Community Futures Development Corporations (CFDCs) located throughout Eastern Ontario.