What we do

The Community Futures Grande Prairie office is a community driven, non-profit organization staffed by business professionals and guided by a volunteer Board of Directors. We provide a wide range of small business services and business management tools for people wanting to start, expand, franchise or sell a business. We also run a number of specialized business programs, organize exciting business events and actively work with community and business leaders to foster rural economic growth.

Funded in Western Canada by Western Economic Diversification Canada, Community Futures has been supporting small business and rural economic diversification since 1986. There are 27 Community Futures offices in rural communities throughout Alberta, and a total of 269 across the country.

Established in 1986 by Employment and Immigration Canada (now named Service Canada), Community Futures has been responsible for establishing 90 Community Futures organizations (CFs) throughout rural Western Canada, including 27 offices in Alberta.

Since then, Community Futures has been assisting rural communities to plan and restructure to meet the demands of a changing economy and labour market.

Through Community Futures, the private and public sectors form partnerships with non-metropolitan and smaller communities in transition.  Community Futures participates in a local process to assess economic problems and opportunities and to achieve long-term employment stability, growth and adjustment.

Today, with core funding assistance provided by Western Economic Diversification Canada, the CFs in Western Canada are actively engaged in a wide array of community economic diversification activities in their respective regions.

Given the importance of small business to Canada's changing economy, one of the primary focuses of the CFs is to foster entrepreneurial development by providing both financial and technical support to new and existing small businesses. CFs utilize their loan investment funds to achieve the strategic objectives established by their Boards with inputs from the communities they serve.

 

2015 - 16 Report

As always, the 2015 – 16 fiscal was a busy one for Community Futures Grande Prairie & Region.  The office was incredibly busy with new and existing financing requests and client relationship development.  Several projects continued successfully and a few new ones started with some very promising objectives.  Board Bylaws were also altered in order to address the need for solid, cohesive and continuous board leadership.

As of March 31, 2016, Community Futures Grande Prairie & Region had successfully approved and disbursed on 51 loans, totaling $4,119,339.00, leveraging an additional $2,857,500.00 and creating or maintaining 157 jobs in the region. The year just busier as the economic downturn took firm hold in the region and several local companies began feeling the stress of stretched Accounts Receivable timeframes, reduced cash flow and continued overhead expense demands.  Referrals from traditional financial institutions, mostly ATB Financial and BDC, continued at a high rate and we were able to help many clients that did not fit their criteria.

We were also busy as partners of the annual Taste of the Peace event, showcasing local producers and as an organizing partner for the Growing the North economic development conference in February.  Both events were resounding successes, with a growth of 25% in attendance for the Taste of the Peace event and over 400 in attendance at the conference.  CF provides Speaker Coordinator services for the Growing the North event.

CFGP has entered into a partnership with the County of Grande Prairie to complete a three year comprehensive Business Visitation Program, visiting every business in the municipality and asking questions to get a good indication of the business conditions, challenges, opportunities and specifics of the region. The project kicks off in the 2015-16 fiscal year and we are excited about it.

We have continued to do all of the things we always do, being part of the 2nd largest Chamber of Commerce in Alberta, Rotary, local networks and masterminds.  Our Vice Chair, Chris King, recently joined the CFNA Board and is looking forward to his 3 year term there.

The Board reviewed the organizational bylaws and revised the Board Make-up bylaw to go from 11 to 12 members, removing the condition of Chamber membership for the 5 positions in addition to our municipal representatives. So now we have 7 municipal appointed representatives and 5 Members at Large.  By having a more balanced Board, we protect ourselves from the turbulence the 9 year maximums, election years, etc. could have on the board.

We have an amazing organization and that is due to the dynamic board and staff that we have

 

Reada more about our statistics here: /sites/default/files/grandeprairie.albertacf.com/cfgp_performance_web_site_reporting_2015-16.docx

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Community Futures Grande Prairie
#325 9909 102 St.
Grande Prairie, AB T8V2V4

780-814-5340

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Communities Served

Beaverlodge, 
Bezanson, 
Buffalo Lake, 
Clairmont, 
County of Grande Prairie, 
Demmit, 
Elmworth, 
Goodfare, 
Grande Prairie, 
Grovedale, 
Horse Lake First Nation, 
Huallen, 
Hythe, 
La Glace, 
Lymburn, 
Sexsmith, 
Teepee Creek, 
Wembley, 

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