What is the origin of Community Futures?
Employment and Immigration Canada (now called Human Resources Skills Development Canada) starting in 1986, was responsible for establishing 90 Community Futures organizations throughout rural Western Canada.
In 1995, responsibility for Community Futures was transferred to Western Economic Diversification (WD) who continue to provide core funding assistance.
Community Futures 16/37
16-37 Community Futures Committee started on June 29, 1987. 16-37 Business Development Centre Society started on June 1, 1989 and the 16-37 Community Futures Society started on November 26, 1990 which was then amalgamated into the Community Futures Development Corporation of 16-37. They merged in March 24, 1995 as an independent, non-profit organization.
30th ANNIVERSARY ON JUNE 29, 2017
- Locally autonomous
- Governed by a volunteer Board of Directors
- Committed to local and regional economic development in all industry sectors
- Partnership oriented
The organization is NOT a government department or agency, although it often delivers services for all levels of government. The organization collaborates with government, corporate and community partners in order to deliver programs locally. Some of these programs include:
- Business Loans Programs
- Business Resource Library
- Business Counselling
Since its inception Community Futures 16/37 has created the following value, impact and contribution to the region:
- 1988 to March 31, 2016
- Total number of direct loans:778
- Value of loans: $32,943,036
In addition, we have partnered with others and leveraged additional millions in loans to small and medium enterprises and non-profit societies.