During one of the most significant challenges in our program’s history, the Community Futures network was there to make a difference.
Faced with a global health crisis, teams from across the province connected with thousands of small business owners - And the voice of advocacy for their survival was heard.
Understanding the pressures small businesses were facing, Community Futures quickly became experts in deploying a federal government relief program, the Regional Relief and Recovery Fund.
Keeping the lights on and Alberta’s rural economy moving
The funding was directed towards rural and remote businesses that required financial help to recover from the COVID-19 pandemic and were unable to access existing federal business support programs.
Small and medium-sized businesses were able to apply through their local Community Futures location for federal relief and recovery loans that offered flexible terms and repayment options. With expertise and empathy, rural and remote teams provided support and guidance helping local businesses diversify and adapt to ever-changing economic conditions.
The Community Futures program in Alberta is grateful to have played a part in helping rural and remote businesses, and local communities, traverse uncertainty and challenges - and offered hope when it was needed most.
Community Futures locations in Alberta - Regional Relief and Recovery Fund totals:
- Disbursed $85 million in loans
- Supported more than 1700 businesses
- Helped maintain 9500 jobs in Alberta
Visit our Contact Page to find your nearest location.
Thank you to Prairies Economic Development Canada (PrairiesCan) for profiling our program.