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Human, Resources, Labour, and Employment
Executive Council
June 23, 2010

New Funding Supports Women Entrepreneurs in Newfoundland and Labrador

Continuing its commitment to entrepreneurship, the Government of Newfoundland and Labrador will invest $532,888 in the Newfoundland and Labrador Organization of Women Entrepreneurs (NLOWE), under the Self-Employment Assistance program.

"The Provincial Government is fully committed to working with female entrepreneurs to help them realize their full potential," said the Honourable Susan Sullivan, Minister of Human Resources, Labour and Employment. "Through the Self-Employment Assistance program, we will help women throughout the province develop their business ideas, provide support in the first year of business operation, and remove barriers to ensure they can fully participate in our growing business sectors."

The Self-Employment Assistance program (SEA) is an employment program that provides financial and entrepreneurial assistance to eligible individuals aimed at helping themselves through starting a business.

"There should be no barriers to women in our province who want to follow their entrepreneurial ambitions," said the Honourable Kathy Dunderdale, Minister Responsible for the Status of Women. "Our government recognizes the many ways women contribute to and strengthen the economy. Supporting women entrepreneurs will offer tremendous employment potential as we continue to invest in job opportunities, including emerging resource-based industries and training for the skilled trades."

"NLOWE helps women in Newfoundland and Labrador stand out in the entrepreneurial world by providing its clients and members with access to funding as well as opportunities for networking, mentoring and professional development," said Nena Abundo, NLOWE Executive Director. "The Self-Employment Assistance program is a valuable tool for NLOWE as we work with women to help them start successful and sustainable businesses. We are grateful for the continued support of the Government of Newfoundland and Labrador, as well as its ongoing commitment to NLOWE and women in business."

NLOWE has been working with women who are starting or growing businesses in Newfoundland and Labrador for more than 12 years. Since 1997, it has assisted more than 6,000 clients start more than 800 new businesses, and created over 1,700 new employment positions throughout the province.

The Self-Employment Assistance program is delivered by the Department of Human Resources, Labour and Employment. In 2009-10, over $4.2 million in funding was delivered under the program.

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Media contacts:

Bradley Power
Director of Communications
Department of Human Resources, Labour and Employment
709-729-0753, 697-5216
bradleypower@gov.nl.ca 
Melissa MacLeod
Communications Specialist
Women's Policy Office
709-729-6225, 693-7938
melissamacleod@gov.nl.ca
Nena Abundo
Executive Director
Newfoundland and Labrador Organization of Women Entrepreneurs
709-754-7016
nabundo@nlowe.org
 

2010 06 23                                                       10:25 a.m.
 


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