November 22, 2019
Future Oxford Legacy Fund awards $182,025 to support local sustainability projects in 2019
Local entrepreneurs, businesses and partnerships benefit from Legacy funding in two streams: Access to Capital and Community Development Support
In 2019, the Future Oxford Legacy Fund awarded $175,000 in loans to four local businesses and another $7,025 in grants to develop new and sustainable community and regional opportunities that align with the Future Oxford Community Sustainability Plan. As a direct result of this funding, 33 jobs were created or maintained within Oxford County.
1909 Culinary Academy, Earthspace Real Estate Inc., Sew Stylish Wedding Works and McNab Transit Sales Corp. are the 2019 recipients of the Future Oxford Legacy Fund capital funding. These four recipients were selected by Community Futures Oxford, an independent, non-profit organization committed to entrepreneurship and economic development in Oxford County.
The 1909 Culinary Academy received a $50,000 loan to help convert an old schoolhouse into a restaurant-style kitchen, private career college and hands-on culinary institute. 1909 Culinary Academy will focus on preparing local foods, building relationships with local producers and growing ingredients on-site. The restaurant will also offer a unique tourist destination for culinary tourists.
More information on each of the four “Access to Capital” loan recipients and projects is available in the Future Oxford Legacy Fund Impact Report 2019.
Nine grants were also awarded this year for not-for-profit projects under the “Community Development Support” funding stream.
The Beachville & District Museum began a project in 2018 to reorganize its storage facilities. The museum maintains a collection of 1,500 artifacts that represent histories from across Oxford County. As the population of Oxford County ages, the Beachville & District Museum wants to ensure that is can continue to accept artifacts that preserve local family histories, heirlooms, records and other historically significant pieces. The $1,000 grant provided through the Future Oxford Legacy Fund helped the museum to purchase artifact storage furniture including flat file cabinets and Hollinger boxes.
More information on the “Community Development Support” stream projects that received funding is available in the Future Oxford Legacy Fund Impact Report 2019.
The Future Oxford Legacy Fund is currently accepting new applications from entrepreneurs, businesses and partnerships in need of seed funding to develop new and sustainable community and regional opportunities that help to meet the targets set out in the Community Sustainability Plan. “Access to Capital” funding is available year-round. The winter deadline for non-repayable grants through the “Community Development Support” funding stream is January 31, 2020.
Individuals or organizations interested in applying for either a capital loan or community development support grant should visit FutureOxford.ca for eligibility requirements and to access the Future Oxford Legacy Fund application.
Allan Simm, General Manager, Community Futures Oxford
“We are proud to be able to support local business and the sustainability of our community through loans and grants offered by the Future Oxford Legacy Fund. The fund allows us to reinforce the vision and mission of the Future Oxford Community Sustainability Plan by nurturing a vibrant and sustainable Oxford that aligns with the plan’s three pillars of community, economy and environment.”
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About the Future Oxford Legacy Fund
The Future Oxford Legacy Fund provides seed funding to entrepreneurs, businesses and partnerships to develop new and sustainable community and regional opportunities that support the targets set out in the Community Sustainability Plan.
To ensure requests for funding and investment meet goals, objectives and targets of the Future Oxford Community Sustainability Plan, the Future Oxford multi-criteria assessment tool is used to help determine if a project or proposal supports a sustainable future. The tool uses a weighted “sustainability score card” to assess or compare community, economy and environment factors.
The Future Oxford Legacy Fund is a partnership between Oxford County, Community Futures Oxford and Future Oxford Partnership. Community Futures Oxford is responsible for accepting, screening and assessing the applications.
Jenn Austin | Strategic Communication & Engagement
519.539.9800, ext. 3505 | firstname.lastname@example.org