Community Futures serves as liaison for loan opportunities for Prince Rupert's non-profit groups seeking COVID related funding assistance

Community Futures of the
Pacific Northwest is sharing
word of funding program
available for Non-Profit 
organizations in the region

Non profit organizations in the Prince Rupert area can now take advantage of some COVID-19 related recovery funding towards their operations if they have been affected by the coronavirus over the last year.

The program known as the Regional Relief  and Recovery Fund offers loans of up to $40,000 in funding, with 25 percent of that or 10,000 dollars of it being forgivable.

Some background on the program was outlined today noting how the loan is interest free until December 31st of 2022, which will offer organizations some time to help their organizations recover before they have to worry about making payments.

As part of an information release today, Community Futures of the Pacific Northwest highlights how the fund has assisted some organizations recently and what it offers towards the future. 

Recently, focus for the second round of funding has shifted towards non-profit organizations. Many non-profits and businesses in the community were contacted by Community Futures and the City of Prince Rupert’s Business Support and Recovery Helpline program (BSRH), which began during the height of the pandemic and continued through autumn. 

When connecting with non-profit organizations, Community Futures staff determined that many non-profit organizations felt they were missing out on funding opportunities. The flexible terms of the RRRF result in non-profit being just as eligible as businesses for funding approval. The RRRF can help cover any operational costs that cannot be deferred, suchas rent, utilities, payroll, and storage. 

During the initial rollout, Tourism Prince Rupert was a non-profit organization that accessed the RRRF fund, taking advantage of these terms in order to continue promoting tourism resiliency in the region.

The Prince Rupert and District Chamber of Commerce is one such non-profit organization that Community Futures connected with the RRRF. An approved recipient from the newest round of application intakes, the Chamber of Commerce expressed excitement for the potential use of the fund.

How the Chamber made use of the funding it received is part of a video presentation that outlines the nature of the program and what it offers.

You can find out more on the program from Kaitlyn Joyce the Regional Business Liaison with Community Futures PNW. 

Ms. Joyce can be reached at 250-622-2332 or by email at kjoyce@rupertcf.com

Further notes on Community Futures of the Pacific Northwest can be reviewed here.

Also available through their website is the application form for the program.

You can also learn more about their programs from their Facebook page.

For more notes related to Community themes see our Community Notes archive.

Commercial sector themes are explored through Commercial Sector archive.

Cross posted from the North Coast Review.