December 8, 2022

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Provincial Authorities Celebrates Small Enterprise Week

Provincial Authorities Celebrates Small Enterprise Week

As a part of Small Enterprise Week throughout Newfoundland and Labrador, the Provincial Authorities is highlighting greater than $29 million in funding contributions to small companies, in addition to help for financial growth by means of quite a lot of packages and companies supplied by the Division of Business, Power and Know-how, together with:

  • $15.5 million in Analysis and Improvement investments, together with roughly $6.7 million on to firms;
  • Greater than $7.5 million was accredited to help 98 initiatives by means of the Regional Improvement Fund to help with neighborhood financial growth initiatives, leveraging over $28 million from different companions and sources;
  • Greater than $6.4 million was accredited to help 156 initiatives by means of the Enterprise Improvement Assist Program, leveraging $5.2 million from different companions and sources; and
  • $315,000 was accredited to help 5 business loans by means of the Enterprise Funding Program, leveraging over $1.2 million in further funding contributions.

The Provincial Authorities gives a big selection of companies and monetary help to small and medium-sized companies, together with counselling, repayable and non-repayable financing choices, enterprise promotion, and export growth and commerce. The division invests considerably in packages and helps for start-up firms and the complete entrepreneurial ecosystem.

As Newfoundland and Labrador celebrates Small Enterprise Week from October 16 to October 22, actions are deliberate all through the province to spotlight the business’s significance to the expansion of the provincial financial system.

Quote
“Small enterprise house owners throughout Newfoundland and Labrador are a serious contributor to our province’s financial success. Our authorities is proud to help these laborious working entrepreneurs who create jobs, contribute to our province’s prime quality of life, and play a giant half in our native communities. It will be important that we take the time to acknowledge and help our native entrepreneurs, not solely this week however all year long.”
Honourable Andrew Parsons
Minister of Business, Power and Know-how

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Study extra
Enterprise Improvement Assist Program

Regional Improvement Fund

Enterprise Funding Program

Newfoundland and Labrador Affiliation of CBDCs

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Media contact
Eric Humber
Business, Power and Know-how
709-729-5777, 725-9655
[email protected]

Provincial Authorities Celebrates Small Enterprise Week

2022 10 18
4:00 pm