New financial contribution to support female and indigenous entrepreneurs

Press Release
For immediate release

NEW FINANCIAL CONTRIBUTION TO SUPPORT FEMALE AND INDIGENOUS ENTREPRENEURS

Gatineau, July 4th 2018 – On June 15th, federal government confirmed the addition of a $1,360,000 financial contribution to the Réseau des SADC et CAE’s Small Business Support Initiative (SAPE). This contribution will target the growth of women- and Indigenous-owned businesses. The SADC de Papineau-Collines is overjoyed to hear of as announced by Stéphane Lauzon, Liberal Member of Parliament for the riding of d’Argenteuil -La Petite-Nation, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, at Pierlyn jeweler in Thurso.

This contribution allows the SADC to inject an additional $15,000, targeting only women and Indigenous, into businesses in its territory: the MRC des Collines-de-l’Outaouais, the MRC de Papineau and Buckingham and Masson-Angers.

Mélissa Bergeron, General Manager of the SADC de Papineau-Collines, explained that “while it is estimated that only 31% of our territory’s companies are owned by women, this new contribution allows us to encourage women’s entrepreneurship by providing specialized expertise to even more businesswomen here. It also allows us to showcase the undeniable contribution of female and Indigenous entrepreneurs to the economic development of the region.”

According to Lauzon, “The SADC is an essential partner to our local entrepreneurs and SMEs. I salute its efforts to work for the economic development of the territory as well as the arrival of these new funds granted to women- and Indigenous-owned businesses that promises to make a real difference in making our regions prosperous. ”

This contribution is in addition to the $4.5 million financial commitment to the Small Business Support Initiative that was announced in 2016. Thanks to the additional funds, the SADC et CAE plan to coach more than 130 women- and Indigenous-owned businesses in the next year.

A sustained effort to support women- and Indigenous-owned businesses

These groups have always been a priority for the SADC et CAE, and our professionals understand the challenges they face. They support women- and Indigenous-owned businesses not only with financing and personalized coaching, but also through entrepreneurship awareness programs, networking events and business management training. In recent years, more than 1,000 programs targeting female and Indigenous entrepreneurs have been implemented by the SADC et CAE in Quebec.

SMALL BUSINESS SUPPORT INITIATIVE, THE TOOL OF CHOICE

After only two years, the Small Business Support Initiative has achieved impressive results among SMEs. The SADC et CAE supported 801 SMEs, enabling them to implement strategies to tackle major economic challenges facing their businesses: innovation, integration of communications technologies and e-commerce, sustainable development, and business succession and transfer. These projects enabled the creation of 1,011 jobs and the maintenance of 7,851 jobs in rural areas.

During the announcement, on the left, Stéphane Lauzon, Member of Parliament for Argenteuil—La Petite-Nation, Annie Timbers owner of Pierlyn jewellery (entrepreneur who benefited from the program) and Mélissa Bergeron, General Manager of the SADC de Papineau-Collines. (Credit SADC de Papineau-Collines)

About SADC de Papineau-Collines

For more than 30 years, La Société d’aide au développement de la collectivité (SADC) de Papineau, a NPO, has been offering financial and technical services that stimulate job creation and economic development in municipalities located in its territory. Being a reference in rural entrepreneurship, it supports the creation of local initiatives and supports local organizations in the implementation of structuring projects. The SADC is a member of CAE and the Réseau SADC; there are 57 SADCs and 10 CAEs working together to make the regions of Quebec more dynamic. www.sadcpapineau.ca

Information:

Marie-France Laflamme
Communications
SADC de Papineau-Collines
com@sadcpapineau.ca
(819) 986-1747 poste 208