August 25, 2010

The OACFDC has made a pre-budget submission to the House of Commons Standing Committee on Finance entitled, “Recommendations for Investments in the Community Futures Program in Ontario”.  The brief draws upon the recent Conference Board of Canada Report demonstrating the government’s return on investment in CFDCs – for each $1 of direct lending, real GDP is lifted by $4.22.  Recommendations are to:

1.  Support moderate increase in operational funding over the 5 year Community Futures Program (CFP) renewal

2.  Support moderate increases in capitalization of CFP Investment Funds

3.  Ensure management of the CFP in Ontario remains consistent and equitable