Support for over 60 Businesses with Federal Funding

The Government of Canada’s COVID-19 Economic Response Plan helped protect millions of jobs by providing emergency support to families and businesses impacted by the COVID-19 pandemic. The Regional Relief and Recovery Fund (RRRF) provided assistance to businesses and communities that required additional support to cope with and recover from the pandemic. Using their local knowledge and networks, Community Futures Development Corporations (CFDCs) helped deliver this targeted, regionally-tailored support to small businesses as trusted partners of the Federal Economic Development Agency for Southern Ontario (FedDev Ontario).

The funding had a positive impact in Trenval’s catchment area, providing local businesses with the support they needed to navigate the pandemic and continue their recovery and growth. Through the RRRF program, Trenval provided $2,919,888 in liquidity support to help 64 businesses impacted by the pandemic and maintained 169 jobs in the community.

Like many small businesses, The Cat’s Meow, a full-service hair salon and spa, located in Belleville, Ontario were looking for new, innovative ways to adapt their operations during the pandemic. With RRRF support through Trenval they received support to keep fixed costs expenses in check. The Cat’s Meow was able to refocus the business and welcome customers when regulations were lifted in order to open the door once again.

“When COVID hit, I was panicked about what to do with my business. As a single mom, my income is essential. Having been an entrepreneur for more than 25 years, I am used to pivoting, but this pandemic situation was beyond my ability to survive without outside support. The loan from Trenval through the Regional Relief and Recovery Fund saved the day! Their quick response and easy application made me breathe easier and allowed me to focus on what I could control amidst all of the uncertainty. I am so grateful to be back at work and able to continue my business.” Sharon Huckle, The Cat’s Meow Salon & S