EAST HANTS: Fifty-eight new business and 103 jobs were created in the area by the CBDC this year, according to their 2015/2016 annual report, which was released last month.
CBDC, or Community Business Development Corporation, is a non-profit organization that works to help further develop rural communities across the country by providing financial assistance, business counselling and advice, and business management skills training to entrepreneurs looking to start or grow their business. There are 13 CBDCs’ covering the different regions that make up the Nova Scotia Association.
According to the CBDC’s annual report these stats make CBDC Hants-Kings, which covers from East Hants to Kentville and all surrounding towns and communities, the most successful of the 13 in terms of investment activity, businesses assisted, and jobs created.
This past year, the Nova Scotia Association of CBDC’s provided a total of 467 loans to small and medium size businesses across the province, 210 of those were start-ups and 58 of those start-ups are in this area. Additionally, they helped fund 54 existing small businesses allowing a total of 112 different businesses to open, or keep open their doors in 2015. Almost 25 per cent of total investments given out by CBDC’s went to helping businesses in the Hants-Kings region last year.
With these new businesses came full-time employment for 103 people, and another 126 full-time positions were maintained through the CBDC’s funding efforts. The CBDC’s investments throughout the province allowed for over 1,500 jobs to be created or maintained, meaning about 15 per cent of these total jobs created are in the Hants-Kings region.
Since the CBDC opened it’s doors they have dispersed almost 2,000 loans with a total combined value of $76 million invested into local businesses.
If you have a small business you are looking to grow, contact Colin Penny, the Hants-Kings CBDC business development officer at email@example.com, or stop by their office at 139 Park Road in Elmsdale. They are open from 8:30-4:30, no appointment is needed.