Regional Relief & Recovery Fund

The Regional Relief and Recovery Fund (RRRF), delivered by Canada’s regional development agencies, provides liquidity support to businesses and not-for-profit organizations affected by the economic impacts of COVID-19, that are unable to access other federal relief measures, or require additional support.

 As key partners to FedDev Ontario, southern Ontario CFDCs are delivering over $90 million in relief funding, which has supported nearly 2,000 rural businesses and maintained 6,300 jobs in the region.

Funding is still available. Learn more about the eligibility criteria below and apply by June 30, 2021.

Funding available through your local CFDC
Through RRRF, to date, Cornwall & The Counties CFDC has provided $1,551,767 in liquidity support to help 42 businesses impacted by the pandemic to cover fixed operating costs and maintain jobs.

In order to provide targeted assistance to the small towns and communities they serve, CFDCs are helping a range of businesses, such as retail shops, restaurants, corner stores, and businesses of strategic importance to their communities, with loans up to $60,000. Not-for-profit organizations that provide support services to SMEs as well as those engaging in commercial activities are also eligible for liquidity support.

The loans offered will be conditionally non-repayable, as outlined below:

For loans issued totaling $40,000 or less: 25 percent of the loan (not to exceed $10,000) can be forgiven provided the recipient has paid 75 percent of the original loan amount prior to December 31, 2022.

For loans issued totaling more than $40,000 and up to $60,000: If the outstanding balance is paid back in full by December 31, 2022, up to 25 percent of contributions up to $40,000 can be forgiven (to a maximum of $10,000), and up to 50 percent of contributions from $40,000 to $60,000 can be forgiven (to a maximum of $10,000).

Balances not paid back in full by the deadline are fully repayable and must be repaid no later than December 31, 2025.

Who can apply for the Local RRRF

  • A Canadian or provincially-incorporated business, co-operative, partnership or an Indigenous-owned business with 1 to 499 full-time equivalent employees; or
  • Organizations, including social enterprises, that are engaged in commercial activities as a significant portion of operations (i.e., the exchanging of goods or services); or
  • Chambers of commerce, business or sector associations and other economic development organizations that provide support to businesses.

That meet the following:

  • Located in Akwesasne, Cornwall, or the United Counties of SD&G
  • Facing funding pressures with fixed operating costs, as a result of the COVID-19 pandemic;
  • Have applied to other Government of Canada COVID-19 relief measures for which they are eligible;
  • Were operational prior to March 1st, 2020;
  • Are financially viable;
  • Plan to continue to operate or resume operations; and
  • Have an active business chequing/operating account.

To get started you will need: 

Supporting Documents Required:

  • Personal Identification for each business owner, preferably a driver’s license and passport
  • Articles of Incorporation and/or Business Registration
  • Financial Statements- Account Prepared preferred, or Balance Sheet and Income Statement for last year, in-house year to date financial statements
  • Business Bank Statements or Account Activity printouts for last two months

 Please submit COMPLETED applications to Doreen Ashton Wagner, Business Advisor at dwagner@mycommunityfutures.ca. For questions, please contact Doreen by email or phone at 613-932-4333 x4. 

You are encouraged to call prior to submitting your application to align with the Business Advisor your eligibility for the funding. Funding is limited.

No applications will be accepted beyond June 30th, 2021. 

Funding available through FedDev Ontario

FedDev Ontario is delivering $213 million in funding support to SMEs impacted by COVID-19 that do not qualify for, or have been declined for, current Government of Canada COVID-19 relief measures.

Should you be interested in a loan of $40,000 or more and meet the following eligibility criteria, you may wish to apply to FedDev Ontario for direct funding.

Eligible applicants must:

  • Be a Canadian or provincially incorporated business, co-operative or an Indigenous-owned business located in southern Ontario with 1 to 499 full-time equivalent employees;
  • Be facing funding pressures with fixed operating costs as a result of COVID-19;
  • Have been a viable business before the COVID-19 pandemic and plan to continue to operate their business or resume operations.
  • Have already applied to other Government of Canada emergency credit relief measures for which they are eligible, as outlined in the program guidelines.

For the RRRF funding provided directly by FedDev Ontario, priority may be given to SMEs that fall within the manufacturing, technology, tourism and other sectors key to the region, that are major employers in small communities, or that support the government’s commitment to underrepresented groups.

For more information, please visit the FedDev Ontario website and consult the Applicant Toolkit. Please note: Applicants will not receive RRRF assistance from both their local CFDC and FedDev Ontario. Review the program guidelines to see which stream is right for you and contact us if you have any questions before applying.