South Lake Community Futures Development Corporation is a locally governed, not-for-profit organization delivering the Government of Canada’s Community Futures Program to the Town of East Gwillimbury, Town of Georgina and Brock Township. 

 
We have a volunteer Board of Directors consisting of 12 business and community leaders from across the three municipalities we serve.  We have a staff of four engaged in the process of providing business and economic development services to our communities, reviewing and processing applications for funding and monitoring  and managing our loan portfolio and the various projects we are funding or engaged in.  At any point in time we would have 65-80 active loans, 3-4 projects that we are actively engaged in and 70-80 other projects that we are providing funding to.
 
Our mandate is to build the economic capacity of the communities we serve and create jobs.
  

History

South Lake Community Futures Development Corporation has provided the federal government’s Community Futures Program to the communities of East Gwillimbury, Georgina and Brock since January 2004.  However, the organization’s history pre-dates that. 
 
In 1985 Georgina Association for Business (GAB) was formed as a local not for profit organization delivering a federal government rural business development and job creation program known as LEAD.  This program had two streams, business development corporations (BDC) to do business counselling and lending and community futures corporations (CF) to do community economic development planning and projects. 
 
GAB was established as a business development corporation, one of fifty in Ontario.  GAB was one of the most successful of these, eventually expanding to also provide services in East Gwillimbury and Brock, and was one of only seven that were deemed to be mature enough, when the BDC portion of the program ended after 10 years, to fulfill the original goal for the BDCs of becoming self-sufficient free standing community organizations. 
The BDCs that were not able to achieve this goal were merged with the local Community Futures organization, which had a longer funding timeline, and Community Futures Development Corporations were created.  Combining the business and economic development roles into one entity has proven to be a powerful combination.  Community Futures has consistently been one of the Government of Canada’s highest rated programs and this has led to considerable growth of the program in the subsequent years with greater resources being made available to CFDCs to use in their communities.
 
GAB operated quite successfully as a free standing BDC for 8 years.  During that time it purchased office space in Keswick and relocated from its original offices in Sutton.  It operated as a self-sufficient not for profit and meeting all of its operating financial obligations and allowing for uncollectable accounts, built its total funds under management by about $1,000,000.  Demand for capital however was very strong and five years after leaving the program it was clear that additional capital was required.  This need for more lending funds, coupled with observations of what resources the CFDCs in neighbouring areas were able to access for their communities, led the Board of GAB to agree to pursue the opportunity that was presented to re-enter the program.
 
This has proven to be a good decision for the communities we serve as we have been able to increase our lending resources by $3,000,000 and bring a further $4,000,000 of community economic development resources to our service area since establishing SLCFDC in 2004.