Western Ontario Community Futures Development Corporation Association (WOCDFCA) by FedDev Ont
Western Ontario Community Futures Development Corporation Association (WOCDFCA) set up by FedDev Ontario aims to support the growth of small- and medium-sized enterprises in southwestern Ontario. It offers business services & business financing to small & medium-sized startup companies in Southwestern Ontario.
WOCFDCA has 20 Community Futures Development Corporations (CFDCs) located throughout Southwestern Ontario that have been helping owners of small to medium-sized businesses for over 25 years
At WOCFDCA, they actively encourage and pursue ways to assist small to medium businesses in Southwestern Ontario through the implementation of the Community Futures Development Corporations (CFDCs). There are 20 of these CFDCs located throughout the region in order to help enterprises grow in relation to the needs of their communities.
Each CFDC has personal mandates that are specific within the community in which they serve. However, similar goals of each CFDC include the desire to create jobs, help small and medium business owners thrive, and implement initiatives that will promote community development.
The CFDC program is nothing new. Organizations like these have been in operation throughout Southwestern Ontario for over 25 years. Until just recently, these CFDCs collaborated on an as-needed basis and worked together in smaller regions. However, on September 29, 2011, twenty of these CFDCs made the decision to combine three of their regions and form WOCFDCA.
Now that the efforts of the CFDCs throughout the region have been combined, their approach to helping business owners in their communities is more standardized and successful. However, each CFDC is still operated in accordance with the needs of those that come to them. For example, each CFDC is composed of a board of directors that come from the same community in which they serve. This way, the programs and services that each individual CFDC offers local businesses are catered to the needs of those living in their community.