Federal government grants aimed at supporting social enterprises

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WindsorEssex Community Foundation has awarded $190,000 in funding to nine social purpose organizations in Windsor-Essex, Lambton and Kent counties as part of the federal government’s Investment Readiness Program.

The program’s aim is to help social purpose organizations (non-profits, charities, co-operatives and for-profits with a social mission) build their capacity to participate in Canada’s growing social finance market and prepare for the broader investment in social finance via the government’s Social Finance Fund.

The Social Finance Fund will make available $755 million to organizations over 10 years for approved projects.

Local organizations earning grants from the second round of funding announcements are:

  • Beautiful Words Inc.
  • Bryerswood Youth Camp Optimist Club
  • Windsor Jewish Community Centre
  • South Asian Centre of Windsor
  • Downtown Windsor Business Improvement Association
  • Polish Peoples Home Association
  • Slovak Heritage Foundation of Windsor-Essex County
  • Oodles & Gazillions Inc. — The Working Class
  • Interactive Science and Technology Centre of Windsor Inc.

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“Recovery efforts must be transformative to meet the test of an uncertain, and at the same time, hopeful and prosperous future,” Andrew Chunilall, CEO of Community Foundations of Canada said in a statement announcing the grants.

“Philanthropy will play a critical role in this future as we consider new ways of deploying our capital and engaging communities. Our investments should aim to alleviate the systemic factors perpetuating inequality, with an eye to a sustainable and inclusive economy for all Canadians.”