The Prescott-Russell Community Development Corporation (SPRDC) celebrates its 35e anniversary in 2021, having spent more than $ 40 million in the United Counties since 1986.
Since its creation, the PRCDC has paid an average of $ 1,135,000 annually in financial support to 1,063 projects carried out by businesses and organizations in the communities of Prescott-Russell.
The funded projects include the Hawkesbury Business Service Center, the Hawkesbury Community Development Assistance Committee, the Prescott-Russell Community Development Assistance Committee, the Prescott-Russell Expertise and Funding Company and the Prescott-Russell Help Center.
Highlights of the PRCDC over the past 35 years include:
➔ $ 39,748,504 of PRCDC investments
➔ $ 29,506,183 in loans and $ 10,242,321 in non-repayable contributions
➔ 1,063 companies and projects supported
➔ 6,619 jobs maintained and created
➔ $ 157,809,206 direct impacts in the communities of Prescott-Russell
Thanks to the continued engagement of the Government of Canada through FedDev Ontario, PRCDC board members and staff, the PRCDC has been able to maintain its leadership role in the success of PRCDC projects. business and entrepreneurship, and in the developing economy of the Prescott-Russell region.
“As the only regional economic development organization, the PRCDC has once again demonstrated the importance of its fieldwork in the communities,” said Eric Drouin, President of the PRCDC. “Our personalized support services for businesses, as well as the expertise of our employees and directors, play an important role in the growth and competitiveness of businesses and the economic prosperity of our region.
Over the years, the PRCDC has gone through a multitude of challenges; such as recessions, the ice storm of 1998 and the current COVID-19 pandemic. Since the very start of the pandemic in March 2020, there has been solidarity across the region, with multiple organizations mobilizing to help local businesses.
The PRCDC’s mission is to stimulate the economic development of its communities in a sustainable and innovative way, by supporting businesses, entrepreneurs and organizations in their projects to maintain and increase the economic viability of the Prescott-Russell region.