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Innovation, Trade and Rural Development
Executive Council
August 17, 2010

Women Entrepreneurs on Burin Peninsula Targeting Business Growth

The Grand Bank Development Corporation is forming a women in business network for female business owners from across the Burin Peninsula. Supported by a $14,000 contribution from the Provincial Government, the network builds off the momentum established through the corporation's Women in Business Program — an initiative focused on pooling the resources of women business owners so they can collectively maximize their business potential and target new opportunities.

"Leveraging the interest garnered over the last four years, the regional women in business network will provide a program for networking and mentoring, as women join forces to strengthen their businesses," said the Honourable Shawn Skinner, Minister of Innovation, Trade and Rural Development. "The regional business network encourages the partnership and collaboration of female entrepreneurs on the Burin Peninsula. By working together they are increasing their ability to advance their individual businesses and identify new opportunities for success."

For its inaugural year, the Grand Bank Development Corporation is working to attract 10 active and two aspiring women entrepreneurs for the regional network.

"Our government recognizes the many ways women work to strengthen the economy," said the Honourable Kathy Dunderdale, Minister Responsible for the Status of Women. " The work of female entrepreneurs across Newfoundland and Labrador contributes to the development of families, communities and the province. Women's business networks, such as that being formed on the Burin Peninsula, encourage business development and the efforts of female entrepreneurs, and provide a supportive forum for women to grow sustainable businesses."

Under its Women in Business Program, the Grand Bank Development Corporation has been hosting events for women in business in the Grand Bank-Fortune area since 2006. In 2009, an external consultant recommended the development of a regional network. The regional women in business network is now set to include 36 mentoring sessions over the next year, as well as information sessions, lunch and learns, workshops, and the corporation's annual trade show and holiday fair.

Topics for the upcoming regional women in business network sessions include lean manufacturing, storefront design, time management, quality control, and succession planning. Sessions will take place in various locations throughout the Burin Peninsula.

"Over the past four years the GBDC's Women in Business Program has grown," said Doug Richardson, Executive Director, Grand Bank Development Corporation. "It is the support from our government and community partners that has made it possible to assist the women entrepreneurs on the Burin Peninsula to grow their businesses."

Key partners involved in the project include the Newfoundland and Labrador Organization of Women Entrepreneurs, the Burin Peninsula Chamber of Commerce, and College of the North Atlantic, along with the Provincial and Federal Governments. The initiative also plans to enhance opportunities for members of the regional network through the development of partnerships with businesses in St. Pierre and Miquelon.

"It is a positive step for the region's business community when its representatives come together and work collectively to grow their businesses," said the Honourable Darin King, MHA, Grand Bank. "The regional network would not have gotten off the ground without the leadership of the Grand Bank Development Corporation and its various partners. Their vision and continued work will help strengthen and grow the region's economy."

This initiative was funded through the Regional/Sectoral Diversification Fund and Business Networks Program.

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Media contacts:

Scott Barfoot
Director of Communications
Department of Innovation, Trade and Rural Development
709-729-4570, 690-6290
scottbarfoot@gov.nl.ca
Doug Richardson
Executive Director
Grand Bank Development Corporation
709-832-3235
Corey T. Parsons
Constituency Assistant to
the Hon. Darin King
MHA for Grand Bank
709-832-2531
coreyparsons@gov.nl.ca
Melissa MacLeod
Communications Specialist
Women's Policy Office
709-729-6225

melissamacleod@gov.nl.ca

2010 08 17                                                       10:45 a.m.


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