2018 Annual Report
Every year we can feel deeply proud of what our small office has accomplished. While we’re one of the smallest Community Futures offices, our impressive loan portfolio speaks volumes about our ability to make a difference. With 28 loans totaling $1,757,100 this year, we are thrilled by our second biggest year on record. These loans created 62 jobs in Revelstoke. This year marked the 30th anniversary of our first loan, and we have lent out more than $26.3 million in the community. That deserves a pat on the back!
We got involved in a number of new projects that will have a direct impact on local economic development, including:
• accessing funding for an innovation centre feasibility study that is now underway as the Revelstoke Fabrication Lab;
• the formation of Startup Revelstoke and hiring of a coordinator for the pilot project, aimed at supporting budding business owners;
• Export Navigator, a pilot project with other regional CFs designed to help entrepreneurs navigate the waters of cross-border exporting; and
• Community Impact Investing, a new direct investing project which will allow Revelstokians to put money into local companies.
A hearty congratulations goes to Carol Palladino, recipient of the 2017 CF Volunteer of the Year Award. Carol has been a part of the organization in a variety of capacities for 30 years, the last eight as a volunteer. She sits on the Loans Committee and the Executive, and her contributions to the cultural community as Chair of the Revelstoke Arts Council are inspiring.
A sincere thank you to John Simms who retired as chair last June. John left big shoes to fill and we thank him for his time on the board, and for his continued involvement on the Loans Committee.
This year we gained three new members: Melissa Hemphill, Veronika Stevenson and Dylan Hardy. Dylan immediately jumped into the fray, volunteering to chair the newly-formed Startup Revelstoke Committee. All three are engaged community members who never hesitate to ask questions and probe deeply into issues they care about. Thanks to Connie Brothers who joined the Self Employment Committee as well.
We have made Aboriginal engagement a priority. Kevin is now a member of the Revelstoke Aboriginal Friendship Society and we are looking for new ways to collaborate and to embrace the Truth and Reconciliation Recommendations. We begin every board meeting with the following: “We respectfully acknowledge the First Nations on whose traditional territory we live and learn.”
We worked with twenty different partners engaged in 24 community economic development projects. Our support may look different from project to project but our goal is to build community capacity and resilience.
Here’s who else we reached: 14 people participated in the Self-Employment Program. 65 people used Roberta’s expertise as Business Basin Advisor. Jean-Marc connected with 43 current and aspiring entrepreneurs through Startup Revelstoke, and we are confident that many of those entrepreneurs will be able to grow through loans or business assistance from CF.
The number one community issue in Revelstoke remains affordable housing. Community Futures continued to support the Revelstoke Community Housing Society in their development as they embarked on new projects, and we researched and investigated opportunities for employee housing.
As we wrap up another year, I’d like to extend a thank you to the board and committee members who volunteer their time to help the community. And let me express my sincere thank yous to the dedicated staff: Kevin, Brooke, Cindy, Debra, Roberta, Lorraine and Jean-Marc. Their tireless work does not go unnoticed. It’s a pleasure to be a part of Community Futures and to revel in the impact we make here.
Karilyn Kempton, Chair
Read the full 2018 Annual Report