Welcome to the CFMW (Community Futures Mt. Waddington) Blog – The Current. Over the coming months our staff will take turns posting articles and information of interest to small business owners and individuals looking to start their own business.
We look forward to engaging with you, our readers. The key advantage of a blog is the “virtual” conversation that we can have…our ideas meeting your ideas. So, let’s connect!
“Who are those guys?”
That’s the question asked by Butch Cassidy to Sundance Kid as they were fleeing from Sheriff Joe Lefors and his posse, in the 1969 movie Butch Cassidy and the Sundance Kid. It’s also a question we get here at Community Futures Mt. Waddington (CFMW). Despite our 20 year history serving the North Island, it continually surprises us that people often ask, “who are you and what do you do?”
Community Futures is part of a national economic development program, administered by Western Economic Diversification Canada that has been supporting small business and community economic development since 1986. CFMW was established in 1992.
Over the past 4 years here on the North Island we have averaged $1.0 million in loans annually. Those loan funds have helped create or maintain over 500 jobs in the region.
We have a number of highly successful clients that have been faithful customers like Keltic Seafoods, Hardy Buoys Smoked Fish and Seto’s Wok and Grill who have worked closely with us from start-up through expansion.
“The loan from CFMW was unquestionably the most pivotal part of our financing to be able to proceed with the acquisition.”
– Mickey Flanagan, CEO Keltic Seafoods Ltd.
For over 20 years we have successfully helped local entrepreneurs get financing to start or expand their business, apply new technology to their business, upgrade a business’ facilities or equipment and develop new products and services.
Our loans go to businesses in every corner of the region. Over 40% of funds lent go to business start or expansion in Port Hardy. 35% goes to Port McNeill. The remaining 25% is spread throughout the region in Port Alice, Alert Bay Sointula, Zeballos, Woss, Coal Harbour and more. Our clients also reflect all sectors of our north island economy, from fishing, to forestry, to tourism, to services and retail.
Small business start-up and loans are the cornerstone of our business, but we do other things as well. For example, we create partnerships with the municipalities, the Regional District and First Nations to plan and implement community economic development projects throughout the region. Between 2009 and today over $3 million has been funneled into local community economic development projects.
Community Futures will continue to play a role in economic and business development in the Mt. Waddington region. Our doors are open. You can reach us at: 250-956-2220; on internet at: cfmw.ca or like us on Facebook www.facebook.com/CommunityFuturesMW