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February 13, 2023

Continued support for rural economic development in Southern Ontario announced

Saugeen Economic Development Corporation logo

On February 13, the Honourable Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), along with Francis Drouin, Member of Parliament for Glengarry–Prescott–Russell, visited Brasserie Tuque de Broue Brewery Inc. to announce an investment of nearly $40 million over the next three years for southern Ontario’s trusted network of Community Futures Development Corporations (CFDCs).

Through the Community Futures Program, this continued investment will allow Saugeen Economic Development Corporation (SEDC), serving Grey County, to continue on their path of growth. Organizations like SEDC offer expert knowledge and tailored on-the-ground support to the rural businesses, organizations and communities they serve. This includes providing business counselling and access to capital, as well as support for community economic development and strategic community economic planning. Supporting them ensures they can help rural businesses be the best they can be.

Over the years, the CFDCs in southern Ontario have supported thousands of businesses. Family-owned Brasserie Tuque de Broue Brewery Inc. in Embrun received support through the Prescott-Russell CFDC which allowed them to grow their facilities and generate more business. Since then, the company has become a strong ambassador for the region, winning the Manufacturing Business Award at the Prescott-Russell CFDC’s Gala of Excellence in 2022.

In western Ontario, Violet’s of Strathroy, a women’s clothing store, received support through Community Futures Middlesex to officially launch their business in March 2022. The support they received helped them start off on the right foot and now they are a valued member of Strathroy’s community.

These are just two highlights in a long list of businesses across southern Ontario that are meeting their potential and contributing to growing local economies thanks to the support from their local CFDC.

“The support rural businesses and organizations receive from Community Futures Development Corporations is unparalleled. The tools they provide rural businesses drive economic growth and create jobs which leads to more competitive rural communities. By continuing our support for CFDCs across southern Ontario, our Government is investing in the potential of rural communities and ensuring that they will continue to thrive,” said Minister Tassi. 

“When we opened the brewery eight years ago, we were met with tremendous demand and our growth through various markets was acute. Working closely with our local CFDC office we were able to purchase additional equipment and hire a qualified workforce to respond to the demand and meet our sales goals. Over the years and as programs open up we have been able to access additional financing and grants to help with our continued success," said Nicolas Malboeuf, Owner, Brasserie Tuque de Broue Brewery Inc.

For more information about the SEDC, visit the SEDC website.


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