Our Approach
When we began in 2016, we knew there were people in our community with terrific business ideas who were ready to take action to help our region succeed economically. All they needed was a little bit of financial support and there was none to be found from traditional banking. That is why AIRO was established – to fill a gap in the financial landscape of our community that was holding
back our economic development. For five and a half years we accepted applications from new businesses wishing to get established in Annapolis County, or from existing businesses wishing to expand. We kept the application process simple and the barriers to work with us as low as possible. Our Statistics
Since our founding in 2016, we have received 164 requests for support. Not all of those have been for funding – some simply needed help sorting out their project concept and getting pointed in the right direction. Of those who have requested support, 90 have been approved. This funding has directly supported the creation of more than 183 full-time, part-time, and seasonal jobs and counting - most of our clients have grown beyond their initial staff! And, this doesn't even take into account all of the spin-off employment involved. Our Ongoing Work
The lending arm of AIRO has now closed. We started this venture with $1 million to lead economic change in Annapolis County. We discontinued our lending in December 2021, after operating costs directly invested $722,877 into businesses and community projects in the region. We have now shifted into a consultancy that is focused on helping our existing clients through their individual pandemic recovery plans and become even more deeply rooted in their communities. In addition to that very important work, we will also be ramping up our consulting with a target of helping other regions or potential philanthropreneurs to establish their own version of AIRO – creating opportunity and change throughout other rural communities. If you – or someone you know – is interested in forming your own version of AIRO, just connect with us and we'll set up a time to chat!