Community Capital Fund
The new Community Capital Fund (CCF) will support
infrastructure projects that help Ontario's
not-for-profit organizations deliver important public services to diverse
cultural communities. Diverse cultural communities rely heavily on
not-for-profit organizations and their facilities. These include newcomer
settlement services, multi-service community centres, performance venues, and
cultural activity centres. Unfortunately, limited access to venues and cost
barriers often prevent organizations from effectively delivering much needed
services.
Not-for-profit organizations currently receive funding
for operating expenditures from various sources including government,
philanthropic and private sector donors. However, they have inadequate access
to funding for capital projects. The $50 million fund will be administered by
the Ontario Trillium Foundation. It will be used to invest in projects that
support diverse cultural communities and help revitalize community-based
infrastructure.
The Community Capital Fund also supports the government's
Open Ontario Plan - a five-year plan to strengthen the economy and create more
jobs for Ontarians.