Province-wide information sessions planned for venture capital investment program

Province-wide information sessions planned
for venture capital investment program

The first two of 25 province-wide information sessions about a new government venture capital investment program will be held on Tuesday, November 28 in Carbonear and Arnold�s Cove.

The sessions will provide information about the Direct Equity Tax Credit program, one of two venture capital tax credit investment programs announced October 30 by Ernie McLean, acting Minister of Development and Rural Renewal, and Lloyd Matthews, Minister of Finance.

The program is designed to encourage Newfoundlanders and Labradorians to invest in local small businesses. Those who invest in local small businesses can claim 20 or 35 per cent of the cost of their investment against their provincial personal income tax. The program targets companies engaged in small business in growing areas of the economy, such as information technology, aquaculture, forestry and agrifoods enterprises, dimension stone, manufacturing and processing, export-oriented businesses, advanced technologies, tourism and cultural industries.

The information sessions will provide an opportunity to both investors and small businesses to learn about the details of the program.

St. John's	December 5, Holiday Inn, Salon F, 7:00 p.m.
Ferryland	December 6, Folk Arts Centre, 7:00 p.m.
Carbonear	November 28, Fongs Motel, 7:00 p.m.
Placentia	November 30, Royal Canadian Legion, 7:00 p.m.
Arnold's Cove	November 28, Bayview Senior Citizen's Centre, 7:00 p.m.
Marystown	November 30, Hotel Marystown, 7:30 p.m
Clarenville	December 4, St. Jude's Hotel, 7:00 p.m.
Bonavista	November 29, College of the North Atlantic, 7:00 p.m.
Gander	December 4, Sinbad's Hotel, Room 112, 7:30 p.m.
Grand Falls-Windsor	December 5, Mt. Peyton Hotel, 7:30 p.m.
Head of Bay	December 6, Motel Bay D'Espoir, 7:30 p.m.
Springdale	December 7, Manual Hall, 7:30 p.m.
Deer Lake	December 14, Deer Lake Motel, 1:30 p.m.
Corner Brook	December 6, Glynmill Inn, 11:00 a.m.
Stephenville	December 5, Holiday Inn, 2:00 p.m.
St. Anthony	December 13, St. Anthony Haven, 11:30 a.m.
Hawke's Bay	December 11, Torrent River Inn, 6:30 p.m.
Port aux Basques	December 7, St. Christopher's Motel, 6:30 p.m.
Happy Valley-Goose Bay	December 4, Lion's Club, 7:00 p.m.
Port Hope Simpson	December 5, Alexis Hotel, 7:00 p.m
L'Anse au Loup	December 5, Lion's Club, 7:00 p.m.
Labrador City	December 7, Two Seasons, 7:00 p.m.
Cartwright	December 7, Cartwright Hotel, 7:00 p.m.
Makkovik	December 11, Markland Building, 7:00 p.m.
Nain	December 12, Atsanik Lodge, 7:00 p.m.