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Community Business Development Corporations Partnering with Municipalities

Community Business Development Corporations Partnering with Municipalities. What we do… Assist in the development of small businesses throughout Rural Newfoundland and Labrador. Provide financial assistance and technical services to entrepreneurs and Community Enterprises.

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Community Business Development Corporations Partnering with Municipalities

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  1. Community Business Development Corporations Partnering with Municipalities

  2. What we do… • Assist in the development of small businesses throughout Rural Newfoundland and Labrador. • Provide financial assistance and technical services to entrepreneurs and Community Enterprises. Building Stronger Communities

  3. Small Business Services Provided • Financial assistance up to $150,000.00 as loans, or equity financing • Business counseling and advisory services • Entrepreneurship development and training • Technical assistance for potential clients and established clients Building Stronger Communities

  4. Small Business Loans Program • 2031 Business loans under management today • Total Investment Portfolio of $95M (since 1996) • 374 loans approved in 2006-07 for a value of $12M • Assisted in the creation and maintenance of 736 jobs Building Stronger Communities

  5. Partnering with Municipalities • Municipal Entrepreneurship We can help fund community enterprises. • Term loans • Flexible repayment schedules • Volunteer Board experience Building Stronger Communities

  6. Partnering • Funding of Community Enterprises • YMCA, Corner Brook • The Clarenville Nordic Ski Club Inc. • Board Members that work with both organizations • Robert Cormier, Vice Chairperson, CBDC Long Range • Partner with ACOA, and the Dept. of Innovation, Trade and Rural Development : Opportunity Identification Building Stronger Communities

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