ACCESS Community Capital Fund is a registered charity based in Toronto that provides micro-loans of up to $5,000 for small business and professional development to people living in the GTA with low income, poor credit history or no collateral.
MiniMicroLoans up to a maximum of $1,000 Funds used to cover costs for one of the following two categories:
- Small Business: Marketing and advertising, inventory (products or supplies) or equipment purchases e.g. flyers, vendor/booth fees, sewing machines etc.
- Professional Development: A training program or course leading to increased employability or direct employment. Funds can be used to cover tuition costs. The training program or course must not be more than 12 months in duration, e.g. trades, apprenticeships, professional certifications etc.
MicroLoans up to a maximum of $5,000 (for small business only)
To cover costs for small business in the start-up or expansion phase.
Marketing and advertising: website, exhibition and booth fees, banners, flyers etc.
Inventory: products or supplies
Equipment: rental or purchase
New Program from the BACD!
We have launched a new program, Starter Company Plus designed to provide budding entrepreneurs and existing business owners with experiential business training, skills development, mentoring and a chance to win $5000 in seed capital to help them start, grow or buy a small business. The program is for those 18 years of age or older.
The program includes training, mentoring, and the chance at grant money to start and grow your business!
There will be Financial Education seminars held at the BACD over the next several months to help entrepreneurs and small businesses expand their knowledge on Financials as it related to their business. These sessions are free of charge and are presented by members of the CPA Association. Topics include:
- Understanding Financial Statements
- Financial Survival for Entrepreneurs
- Advanced Financial Statements
- The Money Side of Business
- Growth and Expansion
- Maximizing your Business
To learn more about the individual sessions and to register, please visit bacd.ca/events.
Priceless Beauty, a client of The Business Advisory Centre Durham Inc (BACD) is now OPEN!
Last month, the studio celebrated its Grand Opening – located at 3-720 Sheppard Avenue, Pickering, ON. The event included complimentary makeup touch-ups, henna, prize giveaways and more. Pamela Price (owner) feels fortunate enough to have realized her dream of owning her own beauty studio after working for highly reputable cosmetics brands and being a beauty educator for the past decade.
Connect with owner Pamela Price at www.priceless-beauty.com
On November 13th, 2017 the Hon. Charles Sousa, Minister of Finance, delivered Ontario’s 2017 Fall Economic Statement, unveiling new measures our government is taking to help small businesses lower costs, create opportunities and modernize their relationship with government.
These initiatives represent a $500 million investment in Ontario’s small businesses over the next three years through the following measures:
Cutting the Small Business Tax Rate
- Proposed cut to small business CIT rate from 4.5 to 3.5 per cent, effective January 1, 2018.
- This will save small business $250 million over the next three years.
- $124 million over three years in supports for youth ages 15 to 29 years.
- Through the Employment Service and Youth Job Connection, employers would receive $1,000 to hire and $1,000 to retain that youth beginning January 1, 2018.
- Adding five service-sector trades to the eligibility list for the new Graduated Apprenticeship Grant for Employers: Hairstylist, Cook, Horticultural Technician, Baker/Patissier, and Appliance Service Technician.
- Supporting multiple employers to pool together and form consortia to hire, register and train their apprentices for skilled trades.
- The Province is moving forward with an additional investment of $40 million for an enhancement fund.
- This will help strengthen communities’ promotional, planning and implementation activities, as well as providing direct business support for capital improvements, enhanced digital capabilities and improvements to energy efficiencies.
- In order to gain access to capital, some FinTech providers are looking to enter into strategic partnerships with institutional lenders and governments.
- The Province is investing $8 million in a pilot program to help small businesses access financing by enabling partnerships between FinTech firms and institutional lenders.
- To help the edible horticulture sector, the government will invest $60 million in focused supports for producers of locally grown fruits, vegetables, berries, herbs and spices, mushrooms, nuts, honey and maple products.
Below is an additional summary of recent small business news that may be of interest. You can click the titles to read more:
Ontario Launches New Export Business Portal:
Ontario is boosting access to resources for exporters with the new Magnet Export Business Portal, the first of its kind in Canada. This new web portal will help connect Ontario exporters with the tools and content they need to succeed in international markets.
As a key component of Ontario’s Global Trade Strategy, the new Magnet Export Business Portal will make it easier for businesses to navigate through Ontario’s trade ecosystem. By leveraging existing and emerging technologies to increase business intelligence, the province is driving diversification for all sectors through innovative programs and services.
Ontario Enhancing Government Services Through Partnerships with Small Business:
Ontario is partnering with small businesses to develop innovative technologies that will help government deliver better services and programs across the province. Through the Small Business Innovation Challenge, companies will be responsible for developing technologies in two areas: Digital Identity and Vehicle Occupancy Detection.
Ontario Attracting Investment in Quinte West:
Ontario is partnering with Hain Celestial Canada to help the company establish a new manufacturing plant in Quinte West and create 26 new jobs in the region. With support from the Eastern Ontario Development Fund, the company will establish a 35,000 square foot plant in Quinte West, its second manufacturing site in Ontario. Hain Celestial Canada will also purchase new equipment for blending, cooking and packaging. These enhancements will allow the company to meet growing demand for its products.
Ontario Passes Legislation to Help Businesses Save Time and Money:
Ontario has passed legislation to make it easier for businesses to grow and create more jobs. The Cutting Unnecessary Red Tape Act, 2017 will reduce regulatory burdens and practices that cost businesses time and money, while protecting environmental and health standards and ensuring worker safety. Cutting unnecessary red tape is part of our plan to create jobs, grow our economy and help people in their everyday lives.
Ontario Supporting Innovative Auto Projects:
Ontario is partnering with small and medium-sized auto parts companies to help them invest in technology and grow their business. These 21 auto parts companies will support projects to will help companies adopt industry-leading software, hardware and/or provide training to improve processes and boost competitiveness in Ontario through the Automotive Supplier Competitiveness Improvement Program (ASCIP).
Ontario Supporting Manufacturing Jobs in Wellington County:
Ontario is partnering with HP Polymers to help grow its operations and improve production, creating five new jobs and retaining nine positions in the Township of Puslinch. With support from the Southwestern Ontario Development Fund<https://www.ontario.ca/pa
Minister Leal’s Statement on Global Entrepreneurship Week:
“It’s a pleasure to celebrate Global Entrepreneurship Week, a time to give special recognition to entrepreneurs, innovators and small business owners. Ontario’s entrepreneurs make significant contributions to our economy, building strong communities and creating good jobs. That is why our government continues to focus on creating the right conditions for entrepreneurs to start a business and grow our economy. As the Canadian host of Global Entrepreneurship Week 2017, I’d like to thank Futurpreneur for their work to raise awareness and support for entrepreneurs in Canada. Futurpreneur has helped young entrepreneurs launch more than 2,100 new businesses in Ontario, inspiring and empowering future generations of entrepreneurs. As we celebrate GEW 2017, I encourage all Ontarians to take this opportunity to celebrate the ambition, talent and hard work of the many entrepreneurs in communities across our province.”
The Maker’s Hub, a client of The Business Advisory Centre Durham Inc (BACD) is now OPEN!
It’s a place exclusive to the Maker’ community. A place to help grow the small home-based business. It’s all about community over competition at The Hub.
The main service they offer Makers, is Centralized Customer Pick Ups. Offering convenience, privacy, safety and security, while a providing a great customer facing experience. The Maker’s Hub provides a convenient pick-up location within one of the busiest, growing markets around – Durham Region. The Hub opens up a larger area to market for those Makers not central to Durham Region.
You know what they say, ‘Location Location Location!’. An excellent location can make or break a business and the maker industry is not exempt. Customer retention is a huge part of business growth. Keeping the old customers, while gaining new ones. Without a convenient location, customer retention can be extra challenging. Being local & handmade is after all the backbone of our industry. A great location is something The Maker’s Hub gives the home-based maker.
The Maker’s Hub boasts many additional services to compliment the Maker. Which will include, but not limited to; networking, marketing, workshops and more! All geared for the Maker to assist in business growth and success. You don’t want to miss out!
The Maker’s Hub will be a place that brings Makers to Market.
Connect with Founder Cheryl Wilson at www.themakershubs.ca
FOR IMMEDIATE RELEASE – October 18, 2017
DIGITAL DURHAM – PUTTING DURHAM BUSINESSES ON THE DIGITAL MAP!
A new program called Digital Durham has launched in Durham Region with the purpose of helping local businesses improve their digital presence, online marketing strategies and technologies with the goal of increasing revenue and growing their business.
Digital Durham is a partnership with the Town of Whitby and the Business Advisory Centre Durham (BACD) with a vision of assisting businesses in developing economic sustainability, competitiveness and employment growth in the region.
The program is an adaptation of the Enterprise Toronto Digital Main Street program. Businesses will complete the online Digital Assessment and receive a free ‘how to’ guide of recommendations and links to incorporate in their business.
“Our goal for this program is for businesses to better harness the power of digital marketing and ultimately to do more business online” said Teresa Shaver, Executive Direction of the BACD. “Every business be it, main street ‘brick and mortar’ or online, needs an engaging digital presence and strategy that helps them grow and increase revenue thereby bringing jobs and wealth to the Region of Durham”.
The program also includes a directory of local digital technology and service companies to assist Durham Businesses building their digital presence.
For more details about the program, please visit the website at: http://digitaldurham.ca/