Thank you, Mr. Chairman. The Community Futures fund is a fund that was devolved from the federal government. Our government expanded it to cover all regions. It is primarily a loan program. With the success of the Community Futures, they have been able to take on additional programs and deliver it on behalf of either the federal government or ourselves. Primarily, we provide O and M funding to the Community Futures. In most cases, we have provided capital funding so they can use it to make loans. They make loans up to a maximum of $75,000. For those Community Futures that are not capitalized, we have made arrangements so that they can lend money from the Business Credit Corporation loan fund.
Business development funds are money, grants and contributions that are made available to businesses. Generally, they are made by our regional trade and investment people. Each region has been allocated approximately $300,000 in grants and contributions. Thank you.