CanadaOne Twitter CanadaOne Linkedin CanadaOne Facebook CanadaONe RSS


AB: New Aboriginal business development fund established for Fort McMurray area

By CO Staff @canadaone |

FORT MCMURRAY, ALBERTA -- The Business Development Bank of Canada (BDC) has partnered with Keyano College to establish a $250,000 micro credit loan fund. The new Aboriginal Business Development Fund (ABDF) will provide qualified entrepreneurs in the Fort McMurray, Alberta area with loans of up to $20,000.

Keyano College, which has an established Aboriginal Entrepreneurship Program, will identify entrepreneurs who are potential loan candidates and offer them appropriate business training through mentoring and education on such topics as HR, financial planning, marketing and problem resolution.

"Keyano College has a long history of developing innovative programming such as the Aboriginal Entrepreneurship Program, which is ideally suited to the rapidly developing Fort McMurray region," said Jim Foote, President of Keyano College. "This agreement with BDC will ensure that our students are well prepared to take advantage of the unprecedented employment and business opportunities that exist in their own backyard."

Aboriginal communities show higher rates of new business and self-employment than the Canadian average, with more than 20,000 Aboriginals currently running their own businesses.

If you enjoyed this article, be sure to visit CanadaOne's article knowledge base for more informative articles.

Canadian, Eh!

For over 15 years CanadaOne has helped Canadian businesses start-up and grow. All of the content on our site is created to help busineses get Canadian answers!

Featured Member

MemberZone. Get in the zone! Join Today!

CanadaOne Recommends

Bullies in the Boardroom: Covering the Legal Bases

Should I Start My Own Company?

Conversations with Entrepreneurs: Billy Blanks

Avoiding Legal Perils: Critical Insights into Canadian Franchise Law

Starting a Business: Choosing a Year-End


Article Tags