Rural Opportunities Fund
Congratulations to our Rural Opportunity Fund Projects
Funding for the Rural Opportunities Fund (ROF) and COVID relief projects has now wrapped up. We were overwhelmed with not only the level of interest in these programs, but also the quality of projects that will help rural communities recover and grow in the years to come. This was truly a successful program that will benefit communities across Western Canada.
The original ROF project launched in October 2019. Western Economic Diversification Canada (WD) provided $4.1 million in funding for Community Futures organizations in Western Canada to build resilient rural communities through community economic development projects that support immigration into rural communities and targeted initiatives for Indigenous, rural and remote communities. The project also supports business retention in rural communities and assists in mitigating the economic impact of transitioning business ownership between retiring entrepreneurs and new owners.
The full $4.1 million has been allocated to 23 projects in BC, Alberta, Saskatchewan and Manitoba.
In June 2020, in response to the economic impacts of COVID-19, we received $1.526 million in additional funding for COVID-19 relief projects. This money was made available to assist CFs develop and implement local solutions to local community challenges in the recovery phase.
Twelve projects were approved across Western Canada. Learn more about the initiatives underway.
Thank you to the project teams, staff and volunteers who worked tirelessly to bring these projects to fruition.
Community Futures South Fraser
Local Business Restart Project
The Local Business Restart Project was created in response to the impact the COVID-19 pandemic has had on local small and medium sized businesses. The project is a collaboration between CF South Fraser, STÓ:LŌ CF, Chilliwack Economic Recovery Network, and Abbotsford Business Community Coalition. The Chilliwack Economic Recovery Network and Abbotsford Business Community Coalition were created at the beginning of the economic shutdown to support local businesses in the recovery phase, following the provincial health officer’s mandate to close non-essential business in March 2020. The project provides much needed skill building and support for workforce development in several areas including financial impact strategies, e-commerce strategies, and marketing strategies. This will help businesses pivot their operations or enhance their current offerings so they can re-open, re-start, and maintain their operation within the local community. The skill building and workforce development offerings will be developed with a focus on mental health, education, and coaching. The offerings will be delivered online.