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New Entrepreneurship Program Announcement

New Entrepreneurship Program Announcement

April 21, 2017 – Thunder Bay Community Economic Development Commission (CEDC), along with the Ministry of Economic Development and Growth (MEDG) announced a call for applications to the new Starter Company Plus program.

Starter Company Plus is open to entrepreneurs over the age of 18 will provide one-to-one counseling with the program coordinator as well as informative workshops for participants to learn from local experts how to effectively start or expand their businesses. Participants have the opportunity to apply for a grant of up to $5,000 upon the completion of a business plan and receive mentorship from local business and community leaders.

It is the follow up to the Starter Company program, which provided comprehensive training to 178 entrepreneurs between the ages of 18-29 during the last three years. Of those businesses, 51 accessed grant funding and were paired with a mentor.

“We’ve had a lot of success with Starter Company, and we have even higher expectations for Starter Company Plus given that the program does not have an age restriction,” tells Ryan Moore, Development Officer for the Thunder Bay CEDC/Thunder Bay & District Entrepreneur Centre. “I’ve seen many entrepreneurs pass through the program who are now operating profitable businesses, and a lot of that is attributable to the running start they got from Starter Company. Our hope is that Starter Company Plus will assist a broader group of entrepreneurs and have an even bigger impact on Thunder Bay and surrounding communities.”

Bill Mauro, Minister of Northern Development and Mines says, “The original program proved to be very successful, and I’m particularly proud of local volunteers who were dedicated to mentoring and training the next generation of entrepreneurs. Together, the Starter Company and Starter Company Plus Programs encourage area youth and all residents to fulfil their dreams of becoming successful business owners. At the same time, they are stimulating economic development and building the spirit of entrepreneurship in our community.”

New, existing, and aspiring entrepreneurs who want to start, grow, or buy business can apply to the Starter Company Plus program at www.EntrepreneurCentre.ca.

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Contact:
Lexie Penko, Information and Marketing Officer – Thunder Bay Community Economic Development Commission (CEDC) – Tel: 807-625-3969 or apenko@thunderbay.ca