Government Committed to Building Canada's Next Generation of Entrepreneurs

News Release

Economic Action Plan 2013 Helps Young Entrepreneurs and Builds Canada's Economy

February 6, 2014 – Ottawa – Industry Canada

Maxime Bernier, Minister of State (Small Business and Tourism) (Agriculture), today participated in a Canadian Youth Business Foundation (CYBF) round table to discuss how to build a strong culture of youth entrepreneurship in Canada. He also highlighted the Government of Canada's continued support for young entrepreneurs as announced in Canada's Economic Action Plan 2013.

This funding will help the CYBF continue to support the ideas, innovation and entrepreneurial spirit of our young business minds, while helping them to create jobs and economic growth in Canada.

The Minister of State also reinforced the key role of entrepreneurs in creating jobs and spurring economic growth. He explained the Government of Canada's efforts to cut unnecessary government red tape, which will save entrepreneurs time and money.

Quick facts

The CYBF is a national not-for-profit organization that works with young entrepreneurs to help them become the business leaders of tomorrow through mentorship, expert advice, learning resources and start-up financing.
The CYBF has helped approximately 5,600 young business people establish successful enterprises that have generated 23,000 new jobs. Small businesses are the engine of the Canadian economy. In Canada, small businesses represent 98 percent of all businesses, account for nearly 7 in 10 jobs in the private sector and contribute about 30 percent to GDP, proving to be important economic drivers and sources of job creation.

Quotes

"Investing in Canada's young entrepreneurs will provide them with the tools they need to turn their ideas into successful businesses. Actions have been taken to create the best possible business environment and to empower Canada's young entrepreneurs to grow their businesses and grow our economy."
– Maxime Bernier, Minister of State (Small Business and Tourism) (Agriculture)

"With the federal government's investment of $18 million over two years, CYBF and its many partners will help thousands of young entrepreneurs to realize their dreams and to start and grow businesses in communities across Canada. This investment and belief in youth enterprise means more job creation and economic growth for the benefit of all Canadians. We are delighted to partner with the Government of Canada to help more young entrepreneurs succeed."
– Julia Deans, CEO, Canadian Youth Business Foundation

Associated links

Canadian Youth Business Foundation

Contacts

Michelle McMullen
Office of the Minister of State (Small Business and Tourism) (Agriculture)
613-943-6183

Media Relations
Industry Canada
613-943-2502
media-relations@ic.gc.ca

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Government Committed to Building Canada's Next Generation of Entrepreneurs

News Release

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