Partnership Helps Young Entrepreneurs

Partnership Helps Young Entrepreneurs

Written by Rae Hathaway
Thursday, 13 October 2011

MIX 96.5’s Gabrielle Ogilvie, CYBF Director Joelle Foster, and Community Futures White Horse Plains’ Elaine Palson

Young people in the central plains region have another resource if they’re looking to start a business.

Community Futures White Horse Plains is partnering with the Canadian Youth Business Foundation , which offers low-interest loans of $15,000.

CYBF Director Joelle Foster notes $30,000 loans through the Business Development Bank of Canada can be eattached to this, which includes two years of mentoring. She says it’s modelled on the Prince’s Trust in the UK, which has helped 60,000 young people since 1976.

Foster says Manitoba’s record is impressive, with 21 entrepreneurs through the program in the last ten months.

White Horse Plains Business Analyst Elaine palson sees this partnership as important because it dovetails with their mandate of helping young people set up businesses in rural areas. there’s more information at portageonline-dot-com.

Portage Online | Portage, Manitoba