Backgrounder: Empowering entrepreneurship and fueling local business growth in Newfoundland and Labrador
Backgrounder
Community Business Development Corporations support development of small businesses through tailored financing, mentorship, and training programs.
November 8, 2024 · Gander, Newfoundland and Labrador · Atlantic Canada Opportunities Agency (ACOA)
The Government of Canada is providing a total of $3,236,295 under its Community Futures Program to 15 Community Business Development Corporations (CBDCs) in Newfoundland and Labrador for 2024-2025. The funding will be used to implement business plans that support economic development and the growth of small businesses throughout the province, as well as achieve Community Futures program objectives.
| CLIENT NAME | TOTAL |
| CBDC Avalon West | $200,000 |
| CBDC Burin Peninsula | $206,171 |
| CBDC Cabot | $240,107 |
| CBDC Celtic | $232,404 |
| CBDC Central | $233,227 |
| CBDC Eastern Initiatives | $205,937 |
| CBDC Emerald | $237,520 |
| CBDC Gander | $200,000 |
| CBDC Gateway | $243,226 |
| CBDC Humber | $200,000 |
| CBDC Labrador | $200,000 |
| CBDC Long Range | $204,725 |
| CBDC Nortip | $219,759 |
| CBDC South Coast | $200,000 |
| CBDC Trinity Conception | $213,219 |
| TOTAL | $3,236,295 |
Contacts
Connor Burton
Press Secretary
Office of the Minister of Rural Economic Development and of the Atlantic Canada Opportunities Agency
Connor.Burton@acoa-apeca.gc.ca
Director of Communications
Atlantic Canada Opportunities Agency
709-689-5731
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