Celebrating 15 Years of Business Development Service to the Community
The corporation holds a $4.9
million Business Loan Portfolio consisting of funding received from:
Resources Development Canada
Economic Diversification Canada
plus interest reinvestments over
a 15 year operating period.
Since 1988, $11.3 million has
been loaned to 436 business loan applicants creating or maintaining
past year $898,880 was loaned to 16 businesses creating or
maintaining 48 jobs.
value of loans to small businesses is $2.7 million, leaving $2
million available for lending.
reinvested into the fund this year was $217,000.
- 1,662 client
contacts were made during the year.
- The fund is
directed by a volunteer committee of seven community members.
The corporation receives an
annual operations grant of $198,000 from Western Diversification Canada
and $75,000 from Human Resources Development Canada to deliver the Self
Employment Program. In addition to these annual funding allocations,
special project monies are received from a variety of sources to deliver
community economic development initiatives.
The corporation is governed by a
10 member Board of Directors and 4 Honourary Board members. Operations
are supported by a staff of four full time and one part time employees.
Employment Continues to provide small business support to eligible
Facilitation proves to be a successful addition to our business
Community Foundation endowment fund exceeds $500,000
broadband communications project still in the planning stages.
Museum development plan funding received.
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