The company, which operates a state-of-the-art abattoir, has been named Entrepreneur of the Year by Community Futures Ontario.
Community Futures Ontario represents 60 Community Futures Development Corporations — 36 in southern Ontario and 24 in the north — that offer free business counselling, loans for start-up and expansion of small business, strategic planning on local projects and community economic development in rural areas.Below is the full news release from East Algoma Community Futures Development Corporation:
Community Futures Ontario announced Penokean Hills Farms as the winner of its Entrepreneur of the Year Award at its annual conference held in Sault Ste. Marie June 2-4, 2024. The Bruce Mines, Ont. company operates a state-of-the-art abattoir where it produces beef and pork products that it markets to restaurants, butcher shops and retail locations throughout Ontario.
The opening of the new abattoir in 2023 has resulted in the creation of 22 new full- and part-time jobs at the facility, and those numbers continue to grow. Additionally, the value chain has removed the ebbs and flows of cost cycles allowing for consistent pricing for each component of the value chain, benefitting beef, hog and crop farmers in the Algoma and Manitoulin Districts who have a steady market for their products.
An investment through East Algoma Community Futures Development Corporation was instrumental in helping the company complete the abattoir that encountered a few delays during construction due to the COVID-19 pandemic. One of 60 not-for-profit organizations in Ontario, East Algoma Community Futures Development Corporation offers free business counselling, loans for start-up and expansion of small business, strategic planning on local projects and community economic development in rural areas.
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