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Innovation, Trade and Rural Development
December 15, 2015

The following statement was given today in the House of Assembly by the Honourable Susan Sullivan, Minister of Innovation, Trade and Rural Development:

Business Service Centres Heighten Prospects for Success

Supporting the expansion of businesses, whether they are in the early stages of development or well-established in their respective industry, is a focal point of the Provincial Government's business development agenda. It is a results-driven agenda that is focused on having the right tools available at the right time for businesses to capitalize on opportunities when they arise.

That is why the Provincial Government has employed a set of business development programs that support the evolution of companies from start-up to commercialization and from workforce development to improving operational efficiencies.

Each program has proven to be effective and each has a distinct role.

Another function of our business development agenda is providing entrepreneurs or start-ups with general guidance such as how best to prepare a business plan, where to turn for financing, or studies on specific industries.

This may seem straightforward but it is quite important in the progression from idea to full-fledged business.

Recognizing a need to have the necessary resources available to help address such queries, the Provincial Government, in partnership with the Federal Government, supports the Canada Newfoundland and Labrador Business Service Centre.

Business service centres, as they are more commonly referred to, can be found in close to 40 communities in the province. Whether in Baie Verte, Charlottetown, Forteau or Stephenville, each business service centre is committed to providing business owners and operators with the information they need to satisfy their objectives.

The business service centres average more than 3,000 inquires annually. While each interaction varies, the scope of service offered includes one-on-one counseling, a library of business news, as well as skills development learning sessions such as lunch and learns.

Business service centres also work with economic development agencies, aboriginal development groups, municipalities, and community business development corporations to provide information, training, and referral services to clients. The Export Development Corporation for example, provides access to its expertise on export markets and the opportunity to readily refer clients to other sources for greater information.

Business service centres also work closely with staff from the Department of Innovation, Trade and Rural Development's 22 offices. Together, they provide clients with timely information and ensure they have the financial resources to stimulate business expansion.

Greater knowledge and access to business development programming significantly heightens the prospects for success. I encourage all potential and existing business owners to tap into the vast knowledge and information that exists.

2010 12 15                                                    2:35 p.m.

 


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