Loan Portfolio has invested over $10 million into local economy
holds a $5.3 million Business Loan Portfolio
consisting of funding received from:
reinvestments over a 13 year operating period.
Since 1988, $10.5
million has been loaned to 421 business loan applicants creating or
maintaining 1,100 jobs.
The past year
$665,850 was loaned to 26 businesses creating or maintaining 34 jobs.
Current value of
loans is $3.2 million, leaving over $2 million available for lending to
into the fund is approximately $250,000 annually.
contacts were made during the year.
The fund is
directed by a volunteer committee of seven community members.
receives an annual operations grant of $170,000 from Western
Diversification Canada and $75,000 from Human Resources Development
Canada to deliver the Self Employment Program. In addition to these
annual funding allocations, special project monies are received from a
variety of sources to deliver community economic development
Revelstoke Community Foundation endowment fund reaches $500,000
Enterprise Facilitation proves to be a successful addition to our
business support services
Scholarship fund set up for a RSS graduate to attend post secondary
Optic network planning underway and project named as RevNet
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