RiverLaunch to Receive Federal Funding

June 29, 2017 Town News

The Town of Gananoque’s RiverLaunch incubator was one of four funding recipients announced today at the Annual General Meeting of the 1000 Islands Community Developmepnt Corporation (CFDC). Through the Northumberland Community Futures Development Corporation (CFDC), up to $100,000 of federal funding will be provided under Eastern Ontario Development Program’s Collaborative Economic Development Projects (CEDP) investment stream with the Town of Gananoque to contribute matching funds. 1000 Islands CFDC Executive Director, Tom Russell expressed that “The support provided today is a testament to the tremendous capacity of companies located right here in the 1000 Islands region and it signals the extensive power of cooperation when Eastern Ontario CFDCs work together as one.”

The project has already identified KEYS Job Centre as the Lead Organization in the development for the RiverLaunch’s project and will be supported in the process by a diverse group of professional stakeholders which includes the Town of Gananoque. With a focus of attracting science, technology, engineering, arts and mathematics (STEAM) startups to the region, RiverLaunch is expected to be a catalyst to job creation and economic growth in the community. Creating a culture focused on innovation and engagement, RiverLaunch will provide an ecosystem of support for entrepreneurs, mentors and investors through an incubation space that will develop world class technology and talent.
 
“Thanks to Northumberland CEDP Grant and the Town of Gananoque, KEYS is able to move forward on RiverLaunch sooner than anticipated”, states Michael Harris, Executive Director of KEYS Job Centre. Trish McNamara, Program Manager adds that “while this truly is a collaborative effort, a special thank you needs to go out to Tom Russell, Executive Director of 1000 Islands Community Development Corporation for all his support and assistance in the grant application.”
 
Wendy Curtis, Executive Director, Northumberland CFDC, presented the funding awards and states ““Northumberland CFDC is pleased to support the momentum of Eastern Ontario innovation, specifically across business manufacturing practices and the launch of a new incubation accelerator - Positioning the area and local economy to meet the increasing demands of its customers and competing on a global scale.”
 
The three other Eastern Ontario projects that were also recipients of CEDP funding are Burnbrae Farms Limited, Canarm Limited and Northern Cables, each of which have innovative initatives aimed at creating jobs in the area.
 
For more information contact:
 
Linda Sicoli                                   Trish MacNamara
Town of Gananoque                       KEYS Job Centre
30 King Street East, Box 100          375 William Street S.
Gananoque, Ontario K7G 2T6         Gananoque, ON K7G 1T2
613-382-2149 ext. 1127                613-382-1085 ext. 203