Tuesday April 23rd, 2019
MEDIA RELEASE April 23, 2019
$35,800 OTF Grant Funds Feasibility Study in the City of Cornwall
Cornwall, Ontario – On Tuesday, The Cornwall and the Counties Community Futures Development Corporation (CCFDC) shared the results of its feasibility study that will shape the next steps furthering innovation, entrepreneurship and collaboration in the City of Cornwall, Akwesasne, Stormont, Dundas and Glengarry. Local MPP Jim McDonell was on hand to congratulate CCFDC on the work done after receiving a $35,800 OTF Seed grant in June 2018 and hear more about the expected impact this feasibility study will have in the communities.
“I am pleased the Ontario Trillium Fund supported this feasibility study, which shows that we must continue to work together to foster a vibrant business environment for Cornwall, SD and G and Akwesasne” – Jim McDonell, MPP for Stormont-Dundas-South Glengarry
“There is definitely an appetite for a co-working space in this region, but it isn’t something that can be forced. We need to simply provide the right elements to make it viable and let the organic growth happen over time. This study identifies where best to plant the seed and what variety of seed to plant. It is our hope that over time deep roots will grab hold and blossoms will emerge.” – Lesley Thompson, Executive Director, Cornwall and the Counties Community Futures Development Corporation
“This feasibility study proves that Cornwall and area needs a co-working space to help startups and that is our intent here at the Innovation Centre. We will be working to ensure this data is used to establish a true co-working area for startups and small businesses alike. This will only help us move in the right direction, and assist in creating a needed atmosphere of entrepreneurship throughout the region.” – Eric Bergeron, Executive Director, Cornwall Innovation Centre
The City of Cornwall has been known as an industrial city converting to a retirement-type community and where the economy has shifted from predominantly industrial to warehousing and other sectors.
The feasibility study determined that coworking and collaboration spaces are a key cog in the economic wheel of an economy and having an innovation hub is needed to keep the competitive advantage of Cornwall, Akwesasne, Stormont, Dundas and Glengarry.
The study gave some solid recommendations of next steps to moving forward with innovation and entrepreneurship.
For more information, please visit the website or Facebook page. Follow Cornwall and the Counties Community Futures Development Corporation on Twitter @CCDFDC
The Ontario Trillium Foundation (OTF) is an agency of the Government of Ontario, and one of Canada’s leading granting foundations. OTF awarded more than $100 million to some 629 projects last year to build healthy and vibrant communities in Ontario.
Lesley Thompson, Executive Director
Cornwall and the Counties Community Futures Development Corporation
613-932-4333 ext. 101